If it can be kept on economics and not politics it could and should be a worthwhile thread. Nowt else happening on the football side, international break and all that.
David Conn has an article on the above two and the Arsenal-Everton business. Conn is very good, as usual https://www.theguardian.com/news/20...s-leaked-files-alisher-usmanov-farhad-moshiri OK - it's Paradise Papers again, but this is about football, so forget the politics?
I do appreciate that some people strayed into party politics, but surely those individuals could have been removed from the thread rather than the thread closed? That has happened in many other threads It will be a huge story for a fairly long time, and the economic discussion was quite interesting I thought, in fact in truth there was very little party politics being discussed at all. Shame
Done. But I haven't got time to sit and watch it, so if anyone else can't control themselves, it will just be closed again.
I'e had 5 live on and a guy on there said a lot of it is in these sort of things to invest in foreign markets. Apparently it' a lot safer to do it this way and is perfectly legal.
Thanks By the way by posting it as a thread I’m not suggesting anyone has done anything illegal I just think it’s interesting how those who have elite levels of wealth operate so differently from the vaguely rich or the normally skint. Particularly those artists and singers etc who seem to do things at odds with what they preach Perhaps global tax regimes could only work if they were incredibly simple and just charged a % of everything you earned paid to where you live most?
I' not surprised to see Hamilton involved. Educated in Britain at tax payers expense and puts nothing back.
He lives abroad. Maybe all the foreign workers living and working in the U.K. should be paying income tax to the country they were educated in instead?
It wasn’t about income tax though He claimed £3.3m VAT back from the Isle Man for a £16.5m jet that he bought in the British Virgin Islands
The only thing that's going to fix it is if every country in the world agrees to have exactly the same tax laws, which obviously isn't going to happen. It might not be 'fair' but to be honest these super rich folks and their big companies probably contribute a **** lot more to the economy via jobs created, vat on sales, rates and rent on premises etc than they save by evading a bit of tax, so we're better having them here dodging the odd few billion quid than not here at all. Also many people shop on amazon etc where they save money themselves by taking advantage of the super low prices they offer on many products which they're able to undercut everyone else on because they're saving money on tax, yet moan about people dodging their tax bills and don't see the irony.
I wouldn't but I'm not trying to have a persona on the internet. I've read your posts on here I get the feeling you are a attention seeking ****. Just saying like.
I agree with this. An old friend who had a senior job in the IR told me that the system needed loopholes to be able to work effectively, sounds daft but he was very sure and very well informed. He also had a girlfriend called Peter, that was odd, too...
Generally speaking, societies that are more equal tend to be safer and better for everyone. People paying the right tax helps redress the imbalance, helps widely educate and equip our society, helps build our infrastructure: money for leisure and culture projects, pay for our Armed Forces (a proper wage) and public servants… I could go on. To avoid tax is not only selfish and greedy, it is deeply unpatriotic. These people, more often than not, are enemies of Britain.
It seems to me the super rich are far more powerful than the people investigating their tax affairs. All we ever seem to hear after a lengthy drawn out investigation are platitudes. Like 'the system needs to change' , 'more transparency will be implemented' , 'lessons will be learnt'. Nothing changes.
You’re right it would need global tax laws, as I said earlier. I can’t see that happening either although technically it would be possible. The VAT rules being discussed here are actually identical across Europe I completely agree about Amazon too. I’m not being sanctimonious about it...I’ve used Amazon myself. It is possible for people to make small changes though and use local, tax paying, providers where possible I do think it’s questionable whether tax evasion is ‘worth it’ to keep high earners. The example here suggests that Hamilton, someone who doesn’t live in this country so doesn’t pay in as you suggest, should have paid the UK if he’d flown the jet here, but because of the way he did it it meant he doesn’t have to pay here, but claimed that VAT back elsewhere too https://www.theguardian.com/news/20...-taxes-jet-isle-of-man-scheme-paradise-papers
There's a mind-****ing debate between Yanis Varoufakis and Noam Chomsky, on Youtube. Well worth a watching.
