So far we have had shadow dwellers complaining & advising about; Charity donations - when THFC is situated in the middle of an area that probably receives more charity aid than most in the UK & is relying on taxpayers to finance their new stadium for them Tax payments - best not go there eh 'Arry? Thugs - yet they hero worship Legless King? That there is a whole mix of irony and hypocrisy from the bitter shadow dwellers. Highlight the real message and you can see it was only ever meant to antagonise.
I can vouch for the fact that he does his bit. Was very involved with a little boy with a tumour who sadly died recently, but he did go out of his way to help the little lad and publicise his charity. Of course, being cynical, it is good publicity, but I think he was genuinely attached to the little boy. He may have "character" issues, but it's not all black or white.
Maybe he reckons he has roughly 3000 Spurs fans who follow him? This way his bet is equal to theirs @ £1 each. Whereas if he stakes £30k, and then Arsenal finish higher, the Charity loses out as it gets 10 x less money. Perhaps maths is his strong point... It's ridiculous that someone pledges several thousand of their own pounds to charity and all people can do is slag him off for it.
It's true. I'm on Abramovich's payroll to antagonise Arsenal fans and deplore money going to charity. Nevermind, that I brought up his wages to suggest that the relatively, small amount that he put forward suggests that he wasn't that confident that they'd finish above us. No, nevermind the facts I've been rumbled!
If you called Wilshere altruistic, he'd probably smack you in the mouth. IMO, he is a talented player. I know he's only young, but he's got a lot of growing up to do - fast! At the moment, he is nothing more than a prime example of the consequences of combining too much money, with too few brain cells.
Why is this tax efficient ? Whether you give the money to the tax man or a charity, it's not in your pocket - you've still lost it. I don't understand your comment. Care to explain ???
Isn't he essentially not actually giving anything at all, Hothead? He'd have to pay it in tax anyway, as I understand it. http://www.hmrc.gov.uk/individuals/giving/gift-aid.htm
Thanks PNP, just logged on. The tax avoidance industry is a hugely efficient one, Hothead. Basically the more money you have, the more tax your accountant can offset by any number of means. As fast as loopholes are closed, teams of accountants at the big firms are finding new ones to open. Footballers keep nearly every penny they earn as do most other wealthy people. Them's the breaks I'm afraid.
Being able to claim Gift Aid benefits the Charity - it doesn't in any way benefit the person giving the money, they've still paid the tax on the money, and given the money away. If Jack makes 60,000 a week, he'll be paying roughly half in tax. So he only takes 30k a week home. Then he gives £3k to the charity, and they claim gift aid back. Jack now has 27k from that week, but the Charity has 3k plus the tax back, so £4.5k. So he's given 3k of his money, but the Charity ends up with £4.5 - and everyone is happy. Tax avoidance is perfectly legal, and anyone can get advice on it by talking to an Independent Financial Advisor - most of whom don't charge for meetings because they're paid commission based on the investments you make subsequently, so it's in their interest to have a large client bank.
Nobody said it was illegal. No "tax specialist" will take on an average wage earner because there is no money in it for them. So it isn't really open to anybody is it? But illegal? Not at all. Immoral? Absolutely.
Some people get confused between Tax Avoidance and Tax Evasion, that's all Evasion is illegal, avoidance legal. An IFA will talk to anyone, irrespective of income. I have an ISA, that's a tax-exempt savings account, but I wouldn't consider myself immoral for having an ISA.
Do you have offshore accounts? Do you claim for every stitch of clothing you wear or car you drive? For your phone and all the calls? Is your house registered as your "office?" Do you have a significant proportion of your wages payed as "image rights" to avoid income tax? Are you set up as a sole trader, so you can pay your mum as your "assistant?" I presume not. ISAS are small beer and the premise of the average wage earner. You are not part of the problem fella. And it is a problem.
For sure there is a difference between avoiding tax and evading tax. Some Offshore companies I have spoken to won't deal with you unless you are earning a certain amount, there would not be any benefit to yourself or them. Using legal loopholes is not illegal, but the big picture is the Treasury is losing out on money. When a company is fully operating in this country but is registered in a tax haven or manipulates the system so they don't pay the tax they should, even when using loopholes, I don't think that is right. Misleading or manipulating company information to pay less tax I think is evasion. When IR35 came into place a lot of self employed people were up in arms and rightly so, it was a hammer blow to their earnings. But greed also played a part, too many individuals were claiming back everything they could and paying very little in the way of taxes - even though they paid Corporation tax at 20%.
I've never suggested I know what he earns but the papers have suggested it's around this figure in the past.
