Tax havens

• howard mcsweeney1

  • Location: Dover
  • Registered: 12 Mar 2008
  • Posts: 62,352
  15 January 2012     11:38147387
  #1       report
  looks like ed has found a cause to hang his hat on, don't think he will suceed though.
  
  http://www.independent.co.uk/news/uk/politics/time-to-close-tax-havens-loophole-says-miliband-6289938.html
• Guest 716

  • Registered: 9 Jun 2011
  • Posts: 4,010
  15 January 2012     12:49147394
  #2       report
  Ed ( the one with balls,conviction ) says £ 2 billion can be raised from the UK RESIDENTS OFFSHORE FUNDS.................
  
  Tesco lost £ 5 billion of their share value................makes yer think don`t it.
  • Tesco
• Ross Miller

  • Location: London Road, Dover
  • Registered: 17 Sep 2008
  • Posts: 3,707
  15 January 2012     14:54147411
  #3       report
  Makes one think what exactly?
  
  That you cannot differentiate between market movements of paper assets where a loss or gain is only realisable on sale of those assets and taxation?
  
  That you will take any and every opportunity to try to score cheap points?
  "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
  15 January 2012     15:24147419
  #4       report
  LOL well said Ross....
• howard mcsweeney1

  • Location: Dover
  • Registered: 12 Mar 2008
  • Posts: 62,352
  15 January 2012     16:10147439
  #5       report
  so does anyone think that a government(any shade) can do anything about these tax havens?
  
  we know that large consortiums onshore have teams of clever clogs that ensure they pay little or no tax.
• Ross Miller

  • Location: London Road, Dover
  • Registered: 17 Sep 2008
  • Posts: 3,707
  15 January 2012     16:13147440
  #6       report
  Government can do something about the loopholes in taxation codes, they are however unlikely to do little other than tinker at the edges, due to international treaties, vested interests etc.
  
  A simple flat rate tax system would effectively eliminate most of the current loopholes - if the flat rate is low enough then many of the exemptions could be closed too, some exemptions and loopholes would remain due to international treaties but very few.
  "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 653

  • Registered: 13 Mar 2008
  • Posts: 10,540
  15 January 2012     17:29147462
  #7       report
  I think BarryW has been on about a flat-rate Ross - also agree with your number 2 posting.
  
  Howard, they also have senior members of HMRC helping them too.
  
  
  
  
  Roger