howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#1
incredible story bearing in mind how they hound people that have been overpaid tax credits through no fault of their own.
http://www.guardian.co.uk/business/2011/oct/11/goldman-sachs-interest-tax-avoidanceKeith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,948
#2
yes and still DC says we are all in it together
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Guest 683- Registered: 11 Feb 2009
- Posts: 1,052
#3
Add this to Vodafone's £1.25 bn deal and Barclays £113 million deal and you have a lot of money going to not-so-deserving causes!
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#4
HMRC cock up yet again.
This is exactly one of the reasons for me to suggest that we need flatter and simpler taxes. That would be much fairer and with fewer places to hide and less scope for cock ups.
Brian Dixon
- Location: Dover
- Registered: 23 Sep 2008
- Posts: 23,940
#5
barryw,it would be much fairer if evert body coughed up and payed there tax's on time to the full amount.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#6
But in the real world Brian no-one like paying taxes and will work to minimise what they have to pay using a wide range of legal methods, it is human nature. Those who use illegal methods are criminals and should be dealt with accordingly.
We are talking in this thread about our tax code being so big and complex that even HMRC do not fully understand it and keep on making cock-ups. They do it all the time on individuals not just companies.
By reducing and simplifying taxes governments will collect it more efficiently and there will be less room for illegal tax dodging. That is the point.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
#7
In the real world Joe Public cannot use a wide range of `legal` methods to minimise their tax bill,they just pay up.
We are not all in this together.
Our tax system needs to be restructured,simplyfied,fairer.pro rata.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#8
That is wrong Reg, ordinary people do use a wide range of fully legal tax mitigation measures daily.
In the real world ordinary people on average and below average wages put money into ISAs and pensions, they make sure the non-taxpayer in the household has the family savings in their name, they do wills, place their life assurance in trust, gift to children within allowances, realise capital assets within allowances, etc. etc. I know many people, postmen, teachers, nurses, plumbers, electricians etc etc all doing these things and more, with my help and not. These are not unusual, millions of ordinary people do it all over the country. That is the real world, the one I work in daily.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,948
#9
and barryw
we to are in the real world where your chiums use legal methods to avoid paying tax's and hiding dosh, may be legal but its legal corruption.
those that earn more in todays climate should help with the burden this country is in.
once we are truely all in this together, and also helping to do something about it by paying your fair share we might then see opinions change
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#10
Keith that is a total load of balls.
My 'chums' as you put it could well include your own postman, and maybe one of your colleagues doing things that are perfectly legal and normal.
In fact it could even be you and more fool you if you do not do any financial planning.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,948
#11
barryw;
when your ready to chat on your chums then maybe we can rise above this sillyness.
i certainly would not discuss my financial details on this forum, or with yourself.
what i can say is im one of the luckier ones, but that doesn't stop me looking out for those less fortunate than myself
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#12
I am not saying you should Keith, but any silliness is coming from the attitude you display and the trite comments that suggest only the rich can avoid taxes and therefore that people should pay more tax than they need to by not taking advantage of the legal methods allowed to reduce it.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,948
#13
baz;
please read your posts where you give the opinion you are the only financial whiz kid on here.
its far from true
and many posters on here if you were to ever bother to look into have as much or some even more financial noddle than yourself
but they don't go around saying you don't undestand, or such nonsense
its good to read the varied views put by all in the interests of all.
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#14
Keith - your personal in adequacies are showing and you know damn well that I have never suggested that. It is just that the person you regard as a financial guru has demonstrated a total absence of any kind of financial knowledge on this forum. In respect of you and he it is a case of in the land of the blind the one-eyed man is king.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,948
#15
barryw;
i refer to many posters on here not just one indivual, by the way he probably does have as much if not more knowledge than yourself but has no need to shout about it.
but to deflect and make smoke screens about the state of this cobbled together govt i fully understand
i would be just as ashamed if i were a supporter of them
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Guest 645- Registered: 12 Mar 2008
- Posts: 4,463
#16
A research shows all but two of the top 100 hundred firms on the London Stock Exchange use tax havens, . Household names like British Business, BP, HSBC, Prudential and British American Tobacco all use tax havens according to the charity Action Aid which says ministers can no longer afford to "turn a blind eye" to the use of such arrangements.
Its report says that 98 of the FTSE 100 companies use tax havens having a total of 8,492 offshore subsidiaries.
The advertising company WPP alone has 611 tax haven companies and the big four British banks have 1,649 offshore subsidiaries between them.
ActionAid is calling on the Government to crack down on tax havens, saying they "can't afford to turn a blind eye". They say that "Tax havens have a damaging impact on the UK exchequer, the stability of the international financial system, and vitally on the ability of developing countries to raise tax revenues which would lift them out of poverty and make them less dependent on aid."
Mr Jordan added: "When multinationals use tax havens to avoid paying their fair share, ordinary people in both poor and rich countries are left to pick up the bill.
"Spending on doctors, nurses and other essential services gets cut for those who need it most.
"Tax havens might provide the lure of financial secrecy and low tax rates for big companies, but at a time when all countries are desperate for revenues, the UK Government can't afford to turn a blind eye."
RBS, which is majority owned by the British taxpayer, has 30 subsidiaries in Jersey alone.
Marek
I think therefore I am (not a Tory supporter)
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#17
the amount that the postman saves is out of context when we refer to the likes of goldman sachs, vodafone and the like with their corporate grabs.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,948
#18
marek'/howard
iv tried to tell our baz
but now you are saying much the same
maybe baz will recognise it.
but i suspect its a good smokescreen for how inadequate this cobbled together govt realy is
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Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#19
I am making the point that we all have tax planning opportunities to minimise the tax we pay quite legally and legitimately. The individual postman may only save a small amount but collectively if we all were to take advantage of the opportunities open to us then the cost to HMRC would outweigh the costs of the like likes of Goldman Sachs. The government depends on people paying too much tax out of ignorance of the opportunities they have in the same way it depends on some people not claiming all their benefits for the same reason.
Simpler and lower taxes all round would be fairer, less costly to collect and it would be harder to avoid. That is the point I am making. Keith instead of trying to deny the obvious all the time you might want to address exactly the key point I am making.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,948
#20
i thought i and many others posters had
but as i said a great smokescreen
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