Still waiting for the Muslim rioters to be named and shamed on social media.
Love all the insults from police laughing at white criminals, nothing on any other group.
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Politics, politics, politics (so long and thanks for all the fish)
- Thread starter SpurMeUp
- Start date
Love all the insults from police laughing at white criminals, nothing on any other group.
Grays_1890
Chris Jones
VAR Call.....
Rorschach
Sonny Walters
It matters not to them of course as they are the recipients, but it may to poor taxpayers like yourself. I'm assuming that is why you, a true hero of the working class, are whining about it in a lot of your posts.
It's always the politics of green eyes.
It's not fair that Elon Musk bust a gut to get two degrees, founded a series of successful start-ups from scratch including what became PayPal and Tesla, pioneering non-bank payments infrastructure and breaking electric vehicles into the mass-market, happens to have billions of dollars, while Finley-Jake from Grimsby who tossed it off at school, got his girlfriend Kelsey-Mae pregnant at 16, but didn't want to know, and is only interested in working enough shifts at Lidl to fund his next bag of weed, has bugger all.
Why do people like you who defend corrupt systems, that only benefit a minority of people call it jealously? Must people would call it not being a c*nt.
People don't care if people become successful and make money, as long as it is done fairly, not at the expense of everyone else, and they pay their fair share, and not hide the money in offshore bank acounts to avoid the tax made on interest of trillions hidden offshore (globally).
The problem is, it isn't like that, the system just screws as many people over as possible for the benefit of a minority.
Would be in favour of scraping VAT, and adding say a 5-7.5% increase in tax for everyone for every pound they earn? Seeing as VAT is the most regressive tax there is.
They do pay their fair share though. If you're on minimum wage in this country, you don't pay income tax. 60% of the government's entire income tax revenue currently comes from the top 10% of earners. An incredible 30% of income tax revenue is currently generated by the top 1% of earners. Income tax is the most significant source of revenue for the treasury, accounting for about a quarter of all tax revenue. So the government are reliant on "the rich" for revenue.
They are, just like all of us, liable to whatever taxation HMRC can prove (beyond reasonable doubt) that they owe in court.
I'm fine with that. The rules are the same for all of us, it's fair.
I can't speak for the US but in the UK everyone pays the tax they're due. As with everyone, tax liability is what HMRC can prove is due.
Can you honestly say you've never avoided tax? Never paid into an ISA? Never been on a booze cruise? Paid into a pension? What about paying school fees up front ahead of legislation changes?
They talk as if the stuff the rich do to avoid tax is somehow not available to them to do. Want to open an offshore bank account, you can open an offshore account today via multiple providers in the BVI, Gibraltar or Cayman Islands to name a few choice destinations.
Not got a secure permanent full time job? Set yourself up a limited company. Will cost you some admin fee at companies house and will require at least £1 initial share capital. Contract your company into as many zero hour contracts as you can (just eat delivery, amazon delivery etc). As you do the work and earn the money charge the milage and petrol for the deliveries to the company, claim vat relief etc etc.
Most people can't be arsed with the effort and would rather just claim job seekers.
That's why they're not rich.
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Robspur12
Nick Barmby
Blimey this forum has gone mad.
Robspur12
Nick Barmby
Its always the same, people who subscribe to aggressive tax avoidance schemes then try to create an equivalence with pensions or ISAs. Most sensible people realize it's a false equivalence. Pensions and ISAs provide tax avoidance incentives for the long term benefit of society i.e. people saving for a rainy day or saving for retirement so they are not dependent on benefits. There is a net benefit to society to have limited tax avoidance in these schemes ( to prevent abuse). There is also a case for some tax avoidance to incentivise investment in a country's economy.
But in general, tax avoidance should be limited by law and only allowed where it can be demonstrated that it provides a net benefit to the country where it's happening.
But in general, tax avoidance should be limited by law and only allowed where it can be demonstrated that it provides a net benefit to the country where it's happening.
Never done any of that..
I just earn my money and pay my taxes. Never owned my own business.
Don't drive, never been on a booze cruise.
Never owned property in tax free havens, to hide millions of not billions.
Lost Mango
Pascal Chimbonda
Not sure Finley-Jake had rich enough parents to put him through private education or access to Canadian citizenship to change situations to more favourable locations.
Doubt FJ would have done what Musk has done but there were certain opportunities available to him that helped his 'hard' work.
ricky2tricky4city
Steffen Freund
Wealth inequality is a thing, and is a problem.
Ironically been assisted by economic policy since 2008.
And it's not just a problem as it's crept thru the middle class and disadvantaged the next generation BUT is a big problem for Governments as well.
Ironically been assisted by economic policy since 2008.
And it's not just a problem as it's crept thru the middle class and disadvantaged the next generation BUT is a big problem for Governments as well.
You don't pay into a pension? If your employer isn't doing so then report them
It is limited by law. As with all UK financial rules, that which isn't explicitly banned is deemed legal.
If anyone is evading tax in a way HMRC can prove in court, then they will get what they deserve.
That's exactly what does happen though. Tax avoidance is limited by law and where there are avoidance schemes, these are generally for the reasons you've outlined. For example, scrapping the Non Dom scheme is expected to come at a net cost to the Treasury in lost revenue, as is the closure of the tax exemptions for private schools.
There is a limit to what the law in this country can achieve though. Unless you want to end freedoms for citizens and close your doors to global markets like say China does, you'll always leave it open for assets to be held off shore, out of the reach of the UK's tax law jurisdiction.
Even with China, its strict rules on its citizens taking assets out of China have created an entire black market economy. Look up "Daigou banking" - very interesting reading if you like that sort of thing.
Just on the whole tax fairness piece as well, the Gary Lineker court case illustrated actually how difficult it is for the government to "tax the rich" and actually claw in all of that revenue against people with top tax advisors, lawyers and the funds to fight them in the courts.
HMRC poured a lot of resources into investigating Lineker's finances and taking him to court, only to lose the initial case.
There was also the delicious irony of "champagne socialist" hero Lineker being supported on Twitter: "go on Gary, stick it to the tax man" by the very people whose timelines were filled by people demanding that the government "tax the rich". It was truly beautiful to behold.
HMRC poured a lot of resources into investigating Lineker's finances and taking him to court, only to lose the initial case.
There was also the delicious irony of "champagne socialist" hero Lineker being supported on Twitter: "go on Gary, stick it to the tax man" by the very people whose timelines were filled by people demanding that the government "tax the rich". It was truly beautiful to behold.
Tax evasion is relatively low in the UK compared to other developed countries. Every new government includes a few £b of "making rich people pay their taxes" knowing full well they don't have a hope of seeing any of it.
The only realistic way to reduce it would be to have a much more simplified tax system with a low, flat, single rate of tax.
QQ. Which of the two illustrated situations is better?
