The Politics Thread

  • Please bear with us on the new site integration and fixing any known bugs over the coming days. If you can not log in please try resetting your password and check your spam box. If you have tried these steps and are still struggling email [email protected] with your username/registered email address
  • Log in now to remove adverts - no adverts at all to registered members!
humanbeingincroydon said:
He probably should have checked his own Twitter bio before posting that...

You must log in or register to see images
Click to expand...
He did. Check it now. He's deleted all mention of RT and Sputnik.
Unfortunately for him there's loads of proof that he's full of ****. This, for example:
You must log in or register to see images
 
Thinking about the Chancellor's wife's non-dom status I just wanted to make a general point. She is valued at about half a billion so how much will tax hit her net wealth? The point is that people who go out of their way to avoid* tax are the people who can most afford to pay the tax. I know that if I ever earned or by finding some magic lamp had that much money, I would be more than happy to pay tax because I would be more than rich enough. And of course those with the most money can afford to hire the experts needed to minimise their tax exposure. In fact, part of the money they are saving they are spending on these experts!

As an anecdote I remember in between careers I worked decades ago in the private finance department of one of the big accountancy firms. It was bad enough then so has got to be far worse now. Basically they were saving tax by offshoring private wealth into companies that effectively didn't exist. But to fulfill the requirements of appearing to exist they were producing minutes for the companies for meetings that never happened, naming attendees who were never there. This was a major firm that you've all heard of, and apparently what they were doing was perfectly normal practice.

* I always get avoidance and evasion mixed up. Sorry if I've used the wrong one. Both are rather despicable at this level of avoidance.
 
  • Like
Reactions: PowerSpurs, Left on the Shelf, humanbeingincroydon and 1 other person
vimhawk said:
Thinking about the Chancellor's wife's non-dom status I just wanted to make a general point. She is valued at about half a billion so how much will tax hit her net wealth? ...

* I always get avoidance and evasion mixed up. Sorry if I've used the wrong one. Both are rather despicable at this level of avoidance.
Click to expand...

Once you are educated with the "tax gap" report and by those more
ITK (are members of accounting/HMRC working groups etc) , you :

1. realise immediately that tax avoidance, available to a few as it is,
is by far a lesser tax evil at both national and individual level

2. start asking very inconvenient/uncomfortable questions to the
powers that be (regardless of the "colours" of the govt of the time)
 
Last edited:
You must log in or register to reply here.
Top Bottom
Back