When Jimmy Carr did it it was "morally wrong" according to our wonderful leader haven't heard the same phrase trotted out now a Tory donor's involved...
Read a few reports which have just come out indicating Tony Popovic at Western Sydney is a candidate.
Mine too Google tells me his record is phenomenal, but I just can't see this happening... Was it Western Sydney or Melbourne that were linked with buying Holt a year or so ago?
Agreed people largely only see other people's tax as a moral duty, but Tax evasion and avoidance happens at every level. It just get criticised at the top level because they're "Defrauding the country" of more money, people tend rot ignore the point the top 1% of earners also pay a third of Tax revenues anyway. This top 1% are also far more likely to pay for their own health care, independent schools for there children and receive no benefits and as such means they are not only paying in they're largely not taking out. How generous. To be a net benefit to societally you have to earn over £45,000 a year and thats just things you'll use each year so largely this country needs the rich to function. This spate of tax avoidance is evidence of Laffer curve economics which basically says the more you tax people the less revenues you'll receive as people will either move away or find clever ways to not pay it. This can be seen in the fact that 45% top rate tax draws in more than the 50% rate did as a favourable tax regime brings in high earners who bring more tax. Tax needs to be viewed as functional and not moral, basically it frequently sounds like people want the rich punished, how dare they do well, whereas in reality system need to be developed to maximise the revenues not press an ideological point.
Maybe he is more suited to the Director of Football role. Apparently he did well at Palace when it came to recruitment, i.e Mile Jedinak.
Cracking post, though somewhat difficult to sell when the wealthiest 1% have come through the credit crunch more or less unscathed, while everyone else suffered.
Sorry Bath, this is total tosh. Most people are on PAYE hand have no alternative but to pay their dues, I view other people in just the same way as I view myself and expect them to pay their whack - no more and no less. to suggest that as they earn more they are in a position where we should treat them with kid gloves in case they up sticks and go is absurd. If that is their loyalty then sod 'em.
PAYE is a particularly intrusive innovation that is separate to the matter at hand - it affects all employees, rich and poor. The tax avoidance question is in relation to income earned otherwise than the course of employment. It's not so much about should the rich pay tax, or more tax, it's more about finding the most efficient way to get the most tax out of the wealthy. If you don't want PAYE, the only thing you can do is you can set up your own business/be self-employed
Were the majority of MPs claiming on their expenses doing it illiegally? No, as they so frequently pointed out they were operating within the guidelines - doesn't mean that it doesn't stink morally though. ****s me off to see people with already indescribable levels of wealth playing the system just so they can make themselves even wealthier, whilst the vast majority of people on the planet can hardly afford to cloth their children or put food on the table - how much money do some people need ffs??
Which for the vast amount of people be it though lack of start up capital, confidence, intelligence/education is not an option. Maybe I'm reading it wrong (which I have been known to in the past!) but I don't understand it when you say "it's not so much about should the rich pay tax" - of course they bloody should! If they live here, and claim the UK as their main residence then they should pay the level of taxation that is relevant to their level of income in the UK - in Gary Barlow's case a ****ing ****load more than he was!!
Every hard working person should be allowed to keep as much of their hard earned as possible rather than handing it over to the Government to waste! TAX Avoidance is a totally different thing to TAX Evasion and if I was mega wealthy I would be looking to reduce my TAX burden to the absolute minimum required within the law!
Exactly. PAYE is not a pleasant device. Yeah, my phrasing wasn't quite clear, that's exactly what I mean. Read it as: "It's not so much about should the rich pay tax, or more tax than the poor, clearly they should, it's more that getting them to pay more needs to be reconciled with finding the most efficient way to get the most tax out of the wealthy without encouraging them to leave the country or devise ways to avoid paying, both of which help nobody" Hope that clarifies!
Dividend payments are exempt from NI and only taxed at 20% if you go over the higher earnings threshold (40%). I pay **** loads of tax and NI employers and employees but that's part of being in a socially inclusive society and running your own company. I don't dislike paying tax I just hope it goes to right places, but it probably doesn't sometimes. Everyone has to pay their bit and people who try to avoid it who are very wealthy should have a good look at themselves.
It's in the Mirror so it MUST be true! http://www.mirror.co.uk/sport/football/news/norwich-manager-celtic-boss-neil-3535629?
