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5th April 2016, 11:09 AM
#31
Re: Offshore Accounts.

Originally Posted by
Louis the fly
The questions to ask are; Is this tax dodging company still in operation? Are Dave or his family receiving payments or dividends from the company? Who owns the company now his father is dead? How much of Dave's personal wealth has come from this company? Has he avoided paying tax?
His wife, Samantha also has skeletons hidden away, her great wealth comes from her families slave owning days in the West Indies.
Very few people, even today, have not prospered from profiting from the slave trade and none as renowned as the Liverpool shipowners and other merchants. There are still plenty of skeletons rattling round Merseyside today, as that excellent Slavery Museum on the Albert Dock will attest to.
R635733
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5th April 2016, 12:44 PM
#32
Re: Offshore Accounts.

Originally Posted by
john gill
Very few people, even today, have not prospered from profiting from the slave trade and none as renowned as the Liverpool shipowners and other merchants. There are still plenty of skeletons rattling round Merseyside today, as that excellent Slavery Museum on the Albert Dock will attest to.
##well john just google harewood house in leeds.....the lascelles family ......cappy
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5th April 2016, 12:59 PM
#33
Re: Offshore Accounts.
Again is cheating on Benefits, A trades men doing jobs cash in hand, so no declaration to the tax man, Market traders who do not have receipts just taking cash again not declaring every penny received , many other businesses do cash in hand so no records are kept.and so on etc.
I agree that it seems to be small stuff but multiplied by a million or so it amounts to quite a few million pounds.
So there is not only the Toffs who are cheating the country but a lot of other people as well.
Brian
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5th April 2016, 06:38 PM
#34
Re: Offshore Accounts.
The Media seems to have a problem in distinguishing between Tax Evasion and Tax avoidance.
The Government tries to take as much tax as possible from individuals etc., it is the individuals job to minimise the amount of tax paid this is called avoidance. Tax avoidance is legitimate.
Businesses, Trade Unions and Political parties all have legitimate tax avoidance schemes, scheme which have been authorised by the Inland Revenue. It is in my opinion very dangerous to bandy about allegations without knowing the full facts
Tax evasion on the other hand is illegal, How many times have tradesmen offered cash deals no receipt, no tax paid, that is tax avoidance and is illegal. Same do a mate a favour he offers you cash that's avoidance.
Peter or Lord Mandelson set his own company up a few years ago, all his earnings are paid into that company, tax is paid at 18%. He takes no salary, pays no tax or N.I., he takes his salary as a loan from the company and has been doing this for at least three years. Perfectly legitimate is morally correct?
Regards
Vic
All the BBC high paid broadcasters and newsreaders operate on a similar scheme, its perfectly legal, is morally correct?
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6th April 2016, 04:08 AM
#35
Re: Offshore Accounts.
Hi Marian.
Most working people have to toe the line or else there are severe penalties, they do not have expensive accountants to look after them can't afford it. I once got a tax accountant to do mine as I was cheesed off at blokes getting all kinda of perks taken off, He got me a $750 rebate, I said I'll come to you next year, he said I'm going back to Spain to live,no kidding I slept very badly for months waiting for the knock on the door. Later as my wife was working as well we got a company tax consultant he was late sending in our account and we were fined $1,800 with no recourse either to sue him or get it back of the tax office.
Cheers Des

Originally Posted by
gray_marian
Not justifying the good, bad and the ugly but thinking aloud, can any of us hand on heart honestly say we too would not consider a tax evasion route if the opportunity arose?...Or is it just me who most certainly would look into the options available?

......I mean we don't ALL live in hot countries. Have you checked apartment prices in Monaco they are extortionate, just saying like

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6th April 2016, 06:46 AM
#36
Re: Offshore Accounts.
A well known tycoon here was in court accused of tax fraud, his told the judge that tax avoidance was legal, tax evasion was not. He won the case.
It is the right of any tax payer to minimize his tax in any legal manner he can. Govs come up with all manner of new taxes but they forget there are accountants out there far smarter than any working for the gov and they find loop holes no one even considered.
As to the GST or VAT, best thing ever. Pay cash in hand for a job years ago and the receiver hid it away. Now with the tax even cash jobs pay tax when in the end the money is used to pay a bill, go out to eat, take a holiday etc. Much fairer system as there is no way they can escape paying some tax now.


Happy daze John in Oz.
Life is too short to blend in.
John Strange R737787
World Traveller

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6th April 2016, 07:42 AM
#37
Re: Offshore Accounts.
Hidden skeletons;
Ken Dodd's great, great , great grandfather was the Hunchback of Knotty Ash.
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6th April 2016, 07:45 AM
#38
Re: Offshore Accounts.

Originally Posted by
Captain Kong
Again is cheating on Benefits, A trades men doing jobs cash in hand, so no declaration to the tax man.
Brian
Brian so a builder builds you a small extention on completion he asks for £14.000 or £10.000 if you pay cash a saving of £4.000 but you would prefer to pay him the total amount.
Regards.
Jim.B.
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6th April 2016, 07:51 AM
#39
Re: Offshore Accounts.
Hi Jim
To pay him the £10,000 I would have had to earn £14,000 gross before my income tax was deducted, so I really am paying him £14,000 from my gross salary, if he does not declare it, that is up to him.
I think.
Cheers
Brian.
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6th April 2016, 08:07 AM
#40
Re: Offshore Accounts.
A bit complicated that one for me Brian.You see TV programmes like one last night where they pay the builder up front and the builder does a runner and the work not completed.I recently had building work done,I said to the builder any time you want a draw John just let me know.Work progressed he asked me for a grand which I went to the bank and drew out.More work done he asked me for 2 grand which I went and got for him.In the end I think there was 4 grand balance which I got from the bank.I kept all the delivery notes for him so he could reclaim his VAT so obviously this job was going tobe declared.I never thought or cared for one moment what his tax arrangements were,not my business.
Regards.
Jim.B.
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