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Thread: tax dodging

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    Default tax dodging

    So a multi millionare, who paid no tax for 24 years, is not to be prosecuted! never mind, as D Cameron said, " we are all in it together" what a farce! I don't know what my state pension will be after April, but I do know that my pension credit is being cut for the 5th year so that will really help the economy! Unlike thos with Swiss bank accounts, our tax was deducted right away,and out f over 1000 tax avoiders, only 1 was prosecuted. Its still one lawfor the rich, and one for the rest of us! Cant wait for the Tory canvassers to call!I may have to vote UKIP!

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    Default Re: tax dodging

    Hi Ron.
    God don't tell me you only have one multimillionaire who didn't pay tax, we have thousands, I wish we could send you some, might lighten the burden on our working tax payers .
    Cheers Des

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    Default Re: tax dodging

    Why do these people not pay tax? Quite simple they can afford the best accountants going, ones who know all the legal loop holes. Tax voidance is quite legal, tax evasion is not.
    Happy daze John in Oz.

    Life is too short to blend in.

    John Strange R737787
    World Traveller

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    Default Re: tax dodging

    It's the same the whole world over.
    Its the rich that gets all the pleasure, and the poor gets all the blame, isn't all a bloody shame.
    Ron the batcave

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    Default Re: tax dodging

    Rich people avoiding tax has been going on for donkeys years, irrespective of which party is/was in power.
    Back in the 70/80's Lord Vesty, then one of the richest men in the country paid only £1 in tax for one year.
    Then there was the guy who owned the outfit who made Harold Wilsons coats, he too was into tax avoidance and then we have to go onto all these bleeding heart rock stars who annually demand that we donate millions to starving children etc. around the world, despite our Government giving billion's in aid to these countries. Do these celebs actually put there hands in their own pockets to donate or do they donate via there charity fund they set up, which is tax deductible, whilst living in countries that have favourable tax regimes.
    Just wonder how much U2 and Bono have paid in direct personal taxation to the Irish exchequer?
    rgds
    JA

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    Default Re: tax dodging

    several years ago when tax avoidance was at its peak(yes its been around before) there was a law brought out that no tax avoidance scheme was legal if the only point of it was for tax avoidance and there was no other outcome.This is when they started to do startup tax schemes and property financing schemes.
    At on time I was selling a scheme whereby you bought a container(half the containers were owned by tax shelter companies) and wrote the whole cost of it against current years income and the rentals were considered earned income.This was in the days when there was investment income surcharge.

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    Default Re: tax dodging

    Quote Originally Posted by john sutton View Post
    several years ago when tax avoidance was at its peak(yes its been around before) there was a law brought out that no tax avoidance scheme was legal if the only point of it was for tax avoidance and there was no other outcome.This is when they started to do startup tax schemes and property financing schemes.
    At on time I was selling a scheme whereby you bought a container(half the containers were owned by tax shelter companies) and wrote the whole cost of it against current years income and the rentals were considered earned income.This was in the days when there was investment income surcharge.
    Hmmmm! John
    So is that why you live in Spain along with all the other Brit criminals LOL
    rgds
    JA
    jealous as no one ever introduced me to tax avoidance schemes.

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    Default Re: tax dodging

    Quote Originally Posted by John Arton View Post
    Hmmmm! John
    So is that why you live in Spain along with all the other Brit criminals LOL
    rgds
    JA
    jealous as no one ever introduced me to tax avoidance schemes.
    it was legal approved by hm revenue.over the years there has been allsorts ofe tax saving schemes including self ,administered pensions and inheritance tax mitigation,etc,etc

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    Default Re: tax dodging

    It would be nice to earn enough to consider tax dodging
    When one door closes another one shuts, it must be the wind

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    Default Re: tax dodging

    I repeat the question I asked on a similar thread. If you had the opportunity to use an approved, but little known method to reduce, be refunded, or not pay last years income tax—read loophole. Would you use it, or would you not? If your answer is "not" then mail off your check whilst proudly waving your nations flag. Me? I'd use some of my legally gotten gains to buy more books on the tax code, trying to find additional deductions for the coming tax year.

    Cheers, Rodney

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