Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
#1
Fast track Tax Avoidance law required......
Cameron joins in outcry against Tax Avoidance.Icebreaker Management Services are involved with the notorious K2 system which is alleged to involve £ 500,000,000 of 1,000 Tax Avoiders.
In 2010 Cameron defended Lord Ashcroft`s Tax Avoidance by saying ``Someones Tax status is between them and the Revenue``....he seems to be doing a `U`turn.
Yesterday in Mexico he said ``Tax Avoidance is morally wrong``
Icebreaker Management Services said ``under the present Law it is not illegal``........but for how long now ?
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
#2
I hear what you say Reg, but I'll have to look into it before I can take the quote seriously.
Cruddas, the cash for access bloke, high up the Tory ranks and a non-dom for tax purposes might not like this. Plus Warren Buffet has been on about this for some time to little effect. We shall see.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
#3
But Tom Cameron is on the job now,surely that must give you confidence to take it seriously.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
#4
There is this in today's paper...
http://www.guardian.co.uk/culture/2012/jun/21/jimmy-carr-apologises-error-tax
But, that reads much the same as other situations where 'government spokespeople' are playing catch-up with a breaking story in the press. Lots to say about 'stars' doing this and that and a bit about HMRC winning their cases in front of tribunals. BUT challenging such schemes was, and possibly still is, easily avoided over lunch with a hand shake.
Jimmy Carr and his ilk are peanuts compared with Vodofone etc.
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
#5
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#6
Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
#7
"Its all smoke and mirrors..."
As one comment has it. Far better to simplify things to...all mirrors and smoke?
Ignorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Ross Miller
- Location: London Road, Dover
- Registered: 17 Sep 2008
- Posts: 3,709
#8
The only way to solve this is to simplify the tax system - ideally a single tax rate across the piece, with a decent level of personal allowance
The only differentials I would add would be
a) at corporate level with tax breaks for capital investment, staff training and development (with very clear criteria such as apprentice schemes). creation of new businesses.
b) at individual level for investment in pensions
"Dream as if you'll live forever. Live as if you'll die today." - James Dean
"Being deeply loved by someone gives you strength,
While loving someone deeply gives you courage" - Laozi
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#9
I would add the continuation is ISAs to that Ross. Though there is no tax relief on contributions the tax free interest/capital growth encourages saving to try to wean people off living on debt. VCTs and EIS perhaps as well, to generate more risky investment into small businesses who need that input.
Ross Miller- Location: London Road, Dover
- Registered: 17 Sep 2008
- Posts: 3,709
#10
Yes Barry - I think that too would be fair
"Dream as if you'll live forever. Live as if you'll die today." - James Dean
"Being deeply loved by someone gives you strength,
While loving someone deeply gives you courage" - Laozi
Jan Higgins
- Location: Dover
- Registered: 5 Jul 2010
- Posts: 13,931
#11
I agree the anomalies that create these avoidance schemes would not be there is the system was simplified.
It appears this supposed comic has apologised and is leaving his avoidance scheme which seems to prove bad publicity can work wonders if a successful career is possibly threatened.
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I try to be neutral and polite but it is hard and getting even more difficult at times.
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Guest 710- Registered: 28 Feb 2011
- Posts: 6,950
#12
"Downing Street has suggested it is preparing to abandon plans for David Cameron and senior ministers to disclose their tax returns, amid allegations of hypocrisy over the prime minister's decision to comment on Jimmy Carr's tax affairs.
Cameron said in April that he expected information about his finances to be made public, and was relaxed about the prospect. But on Thursday No 10 said there were no current plans to do so.
Privately, senior Tories are concerned that Cameron's comments on Carr, who issued an unreserved apology for using an aggressive tax scheme, were a tactical mistake because they gave journalists a green light to investigate the tax affairs of Conservative ministers, MPs and donors.
The prime minister's spokeswoman said the proposal for ministers to reveal their tax details was still being "looked into". Ministers were "not closed to the idea", but it was "not a very near-future thing", the aide said"
From...
http://www.guardian.co.uk/politics/2012/jun/21/jimmy-carr-ministers-tax-returnsIgnorance is bliss, bliss is happiness, I am happy...to draw your attention to the possible connectivity in the foregoing.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
#13
A few red herrings being thrown around,prior to Tom`s last post.
Reality Check......Treasury say Seven Billion pounds..£ 7,000,000,000.would be added to our/UK`s Revenue if Tax
Avoidance was stamped out.
Whilst 7,000,000 British people are having a hard time putting food on the family table.
Who can condone/justify Tax Avoidance should continue ?
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
#14
It's what the tax is spent on that's the problem. We have a public upper level of management and organisations sucking up big amounts of public money
We need to have big sackings of these individuals and dismantling of these organizations.
Theirs a problem with over paying for supposed professionals, in this country,
Doctors being one of them,
And Companies delivering public project being another.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#15
i think dave's love of of good publicity has made him look decidedly un prime ministerial.
using an individual like carr as an example was not clever, he should have made a general comment about tax avoidance if at all.
Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
#16
Parliament and the lords are full of the rich.
Tax aversion will not stop because they don't won't it to.
They only won't the little people to pay.
No change its all smoke and mirrors
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,948
#17
its correct keithb
there is no real ambtion by this cobbled together govt to stop it
ALL POSTS ARE MY OWN PERSONAL VIEWS
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
#18
ambition needs to be worked at,it needs fire in the belly and forward thinking.
confusious says man with hole in pocket loses money.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,948
#19
needs a govt that truely wants to change the system
ALL POSTS ARE MY OWN PERSONAL VIEWS
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#20
brian
re; 18
don't take this the wrong way but i never had you down as a philosopher.