Keith Sansum1
- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
trouble is, while the greedy get richer
the poor get poorer and shafted
ALL POSTS ARE MY OWN PERSONAL VIEWS
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Grant Shapps tried to prevent housing plan for airfield where he keeps plane
Local council wants to build 700 homes on Panshanger airfield where Shapps keeps his £100,000 Piper Saratoga aircraft
Grant Shapps, the Conservative party chairman, attempted to designate an aerodrome where he kept his private aircraft as a "community asset that can never be replaced" after the site was earmarked for 700 homes, the Guardian has discovered.
Shapps keeps his £100,000 foreign-registered Piper Saratoga at Panshanger airfield, which Welwyn Hatfield council identified as a site for new homes.
The Tory MP, who represents Welwyn Hatfield, said he had received "bucketloads" of mail about building on the airfield.
Panshanger, the current home of the North London flying club, is a 20-minute drive from Stevenage town centre, where Ed Miliband said he would be backing authorities that wanted to build new homes.
Shapps, however, waged a campaign to save the airfield. In the Welwyn and Hatfield Times, he said it should be considered a community asset, but the report did not mention he keeps his plane among the others there.
Guest 943- Registered: 15 May 2013
- Posts: 449
Reg, these Tory millionaires have got keep their planes somewhere . Is his pilot's license in the name of Michael Green ? That is the name he uses for his business ventures, allegedly .
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
they live in another world
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howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
in mr shapps case another plane.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
whilst the poverty levels rise
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Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Take from the poor, but not the rich: Tax authorities accused of 'siding' with big business over small firms and individuals
HMRC 'holds back' from pursuing big avoiders, says Commons committee, and public pays the price
Britain's tax authorities are accused by Parliament today of not being "on the side" of individuals and small firms who pay their fair share of money to the Government.
In a highly critical report, Westminster's spending watchdog claims officials are "holding back" from using legal sanctions to recover money from large companies which use aggressive schemes to minimise their tax bills.
As a result the public at large is being forced to shoulder more of the burden of paying for public services while it has become "easier" for companies to avoid paying their way. The Public Accounts Committee said that despite countless pledges to crack down on tax avoidance, HMRC actually collected less tax in real terms last year than it did in 2011-12. At the same time the "tax gap" between what HMRC estimated it was owed last year and what it actually collected rose by £1bn to £35bn.
The committee urged HMRC to be much more willing to pursue prosecutions against large businesses and rich individuals who use loopholes illegitimately to minimise their tax bill, or who knowingly mislead HMRC or withhold information.
And it strongly criticised the organisation for overestimating by £2.5bn the amount of money it expected to collect from a deal with the Swiss authorities to tackle offshore tax evasion.
"We were astonished that HMRC could not give any reasons for such a shortfall," the committee's chairman Margaret Hodge said.
Full story Independent.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Well well
one rule for the rich,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
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Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
The Duke of Westminster, the property tycoon and the missing millions: Britain's richest man may be called as witness in a multimillion-pound fraud claim
The case relates to a house in London's exclusive Eaton Square that the duke once sold
The Duke of Westminster, Britain's richest man, looks set to become caught in a multimillion-pound legal wrangle over a house he sold in exclusive Eaton Square, in Belgravia, west London.
It is claimed the duke's Grosvenor Estates empire sold the property for £3.8m in 2007 to a company thought to have been financed by one of Manhattan's most glamorous society figures, Janna Bullock. Three years later, with the London housing market roaring away once more, the house was sold on for a jaw-dropping £20.5m.
It is currently thought to be occupied by one of Azerbaijan's richest families, the Marandis, whose patriarch Javad Marandi is said to have two private jets and a passion for vintage wine.
It is not entirely clear how the Eaton Square house commanded such a huge mark-up between purchase and sale, although it is said that several leaseholds were bought from owners of flats within the building, and planning permission had been secured. It has been turned into a mansion, extending into the mews house behind, with an underground swimming pool and a gymnasium.
What is not in doubt, according to reports in the Russian state-sponsored news agency RIA Novosti, is that the proceeds from the 2010 sale have been frozen by a court order, which alleges that Ms Bullock and her associates are at the heart of a major fraud scandal in her native Russia, allegations she strenuously denies. From her home in New York, Ms Bullock is fighting all of the allegations with counter-litigation, claiming they are all part of a plot by business enemies to steal her assets from her
Full story Independent.
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
n ice to have such dosh to be able to fight
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Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
What`s it all about Alfie``
Tycoon Robert Wilson gives away $800 million fortune before jumping to death
He has since been praised as a 'legend' by his peers, after pledging his entire worth to charity before ending his life
A renowned Wall Street tycoon gave away his entire $800 million fortune before falling to his death in a suicide jump this week.
Hedge fund multi-millionaire Robert W. Wilson, 87, leapt from the 16th floor of his luxury San Remo apartment building (pictured above), a prestigious address in New York's Upper East Side which has been the residence of Steven Spielberg, Demi Moore, Glenn Close, Dustin Hoffman, Bono, Steve Martin, Bruce Willis and Steve Jobs in the past.
According to the New York Police Department, he left a note at the scene. He had suffered from a stroke just a few months before.
"He always said he didn't want to suffer and when the time came, he would be ready," close friend Stephen Viscusi told the New York Post.
"His plan was to give all his money away. He told me recently, 'I only have about $100 million to go.'"
He has since been praised as a "legend" by his peers, after pledging his entire worth to charity some years before he ended his life.
He gave the last $100 million of his money to not-for-profit environmental advocacy group the Environmental Defense Fund (EDF).
Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
Tax exemption for public access to treasured artworks is 'a racket'
UK owners of 115,000 works don't pay inheritance or capital gains tax if they allow public access, but viewing proves difficult
Rossetti's A Christmas Carol is on the list of tax-exempted artworks. It sold at auction for £4.5m earlier this month. Photograph: Sotheby's
A little-known art and heritage tax exemption scheme designed to allow the British public access to a treasure trove of privately owned works has been described as a racket in urgent need of reform.
More than 115,000 works, from Roman busts to Titians and important Pre-Raphaelites, are listed on a rarely publicised database operated by Her Majesty's Revenue and Customs (HMRC). Their owners are exempted from paying inheritance tax or capital gains tax on them as long as they allow public access.
Full story Guardian
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
how does that work then
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howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
i was thinking that, could be a clause that counts maybe one day a year of being open to public gaze counts as public access for tax purposes?
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
Another scam to avoid tax
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Guest 745- Registered: 27 Mar 2012
- Posts: 3,370
Reg
And what exactly did the labour party do in government to change the balance between rich and poor ??
You imported cheap labour to under cut the poor, and you bailed out the bankers
Reg
A very big difference between what labour do in government and what they say in opposition.
Keith s will probably come up with some crap ,but he did little in the labour party for the poor ,,and he got paid for it in expenses
Keith Sansum1- Location: london
- Registered: 25 Aug 2010
- Posts: 23,942
just like UKIP at county council in kent
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Guest 716- Registered: 9 Jun 2011
- Posts: 4,010
France approves Francois Hollande's 75% 'millionaires tax'
Constitutional council says super tax on salaries above €1 million is legal
France's constitutional council has given President Francois Hollande the green light to introduce a 75 per cent tax rate taking aim at the super rich.
Under the new plan, which the French council found constitutional, companies will have to pay 50 per cent tax on all salaries exceeding one million euros, or the equivalent of approximately £833, 000.
Including social contributions, the rate will effectively stand at 75 per cent, although the total amount will be capped at 5 per cent of a company's turnover.
The levy is set to affect income earned this year and in 2014.
The 'millionaire tax' could affect more than 450 companies and several football clubs, and could raise more than 200 million euros on an annual basis.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
not sure how that works in practice as the money has to be paid by the employee one way or another.
Guest 698- Registered: 28 May 2010
- Posts: 8,664
Measures such as this will provoke a dramatic brain drain and cause France to spiral into a deflationary decline which will last for a generation. Hopefully this will also help the EU to come apart at the seams. When will governments wake up to the fact that hiking tax rates to high levels for political or ideological reasons inevitably just leads to a reduction in economic output and therefore to a reduction in tax revenues?
But all that matters to Hollande is to garner enough of the blue collar vote to see off the challenge from the Front National, and devil take the national interest.
I'm an optimist. But I'm an optimist who takes my raincoat - Harold Wilson