Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Ross, income tax is usually worked out on a percentage system, with the maximum rate at 50%.
Then there is tax on business income.
The best rule is that put forward by Jesus, who said "give to Caesar that which belongs to Caesar".
Tax avoidance when tax is due means finding ways of detracting revenues meant for the State.
To me that seems rather an egoistic approach to society, especially if we are supposed to be all in this together. The Treasury depends on incomes to pay salaries to public sector employees, pensions, the fund the NHS and education...
If we all avoid paying tax when we are supposed to pay it, our society will collapse.
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Sir Terry Wogan..........the others had a big hand in the Global financial crisis.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Right man, wrong reason Reg.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Ross Miller
- Location: London Road, Dover
- Registered: 17 Sep 2008
- Posts: 3,706
Yet again a number here demonstrate they do not grasp the situation or the reality.
I personally believe that all loopholes should be closed by government and that allowances should be phased out as we move to a flat rate tax structure, however this wont happen in my lifetime, so in the meantime I will ensure that i ensure I make use of every allowance and entitlement that is present on the statute book.
The simpler the state makes the tax system the less opportunity their is for the sort of immoral cosy deal HMRC have done recently with major corporations, or for the mega wealthy to offshore etc.
Peter is it that Wogan doesnt pay any tax in the UK
"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
That is where you are going wrong Alexander.
You have been told time and time again that avoiding paying more tax than you really should is legal and it is moral. Why moral? Because it is our money and we can spend it ourselves better than any government. The government can take in tax only what it legally is allowed to, full stop - no more than that and too often people pay more than they should simply because they do not know what they are allowed to do. Even so what the government takes is far too much and is damaging to the economy.
Now you didn't answer Ross' question, did you actually understand it?
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
.....are you saying he also had a hand in the Global financial crisis? ......does BW know about it?........
........OK he is the only one who wears a toupee.........If I finally get it right can I have a pickled egg in
the lower chamber
I suppose by definition if some process by which it is possible to avoid paying something is hidden except to an elite it is technically a loophole...........
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Actually Wogan is the only one who possesses a professional qualification in banking.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
there are many loopholes within the system
both legal(as barryw says)
and illegal.
on the legal side barryw advises many and i wonder where all this leads?
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Well said, Bern. Usually elites know the loopholes to avoid tax and to get big-time benefits as well. The masses of money that yearly have been lost to the Treasury owing to wealthy elites avoiding tax is scandalous. This must be sorted out soon, and I hope George Osborne and Vincent Cable are on to it, with an iron rod.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
mr cameron/osbourne
are on the side of the loop holes and those that can in legal way get away with it
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 696- Registered: 31 Mar 2010
- Posts: 8,115
Ah but Keith! Messrs Dave and Osborne will also be preparing for a G.E. one day, and they know what is the best medicine to get votes from the crowds at large: start clamping down on the rich elites, closing loopholes, targeting privileges (see bonuses), and similar things.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
ALEXANDER';
Whilst i would love you to be correct
sadly you won't be, as they will be frightened of losing votes from these geezers
ALL POSTS ARE MY OWN PERSONAL VIEWS
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
you are in danger of incurring barry's wrath alex.
he has made it quite clear that populism and electioneering damage the country in the long run.
much as i can understand the sentiments the basic truth is that power can only be gained by appealling to the electorate.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
uuum howard;
my monies on, dave c doing nowt or little
ALL POSTS ARE MY OWN PERSONAL VIEWS
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
fully agree keith, mr flashman does not have the gravitas to stick with what he thinks is right but is adept at gauging the public mood.
the recent veto struck all the headlines and was good for him, the subsequent climbdown hardly got noticed.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
of course you are partly correct howard
but dave c will have trouble pleasing his own party with his u turns on the E.U, they have smelt blood
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 698- Registered: 28 May 2010
- Posts: 8,664
"Tax avoidance when tax is due means finding ways of detracting revenues meant for the State."
Alex you are again confusing avoidance with evasion. What you describe is evasion, not avoidance. Avoidance means arranging your affairs so that some tax is NOT due. Like paying into a pension or keeping your money in an ISA. If that is evasion, please arrest me, Ross, Barry and half the forum and charge us all with conspiracy.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Should the loop hole being used by Mr Lester to avoid tax be removed ?...it detracts revenue from the state.
Just for a consolation pickled egg....Terry is a joker.....the other three are sad jokes.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
I gave you the answer in #268 Reg. Wogan is the only qualified banker among the four.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson
