harrybuckle
Always look on the bright side
Joined: May 2014
Posts: 5,425 
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Post by harrybuckle on Nov 6, 2017 13:09:02 GMT
Wonder how many Football Club owners are about to be revealed on Panorama programme this evening.
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Peter Parker
Global Moderator
Richard Walker
You have been sentenced to DELETION!
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Post by Peter Parker on Nov 6, 2017 13:11:13 GMT
Wonder how many Football Club owners are about to be revealed on Panorama programme this evening.
will it matter unless any of them have done anything illegal.
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crater
Joined: June 2014
Posts: 1,444
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Post by crater on Nov 6, 2017 14:09:07 GMT
Wonder how many Football Club owners are about to be revealed on Panorama programme this evening.
Anyone high profile would have been mentioned in their trailers, I'd imagine, to boost viewing figures (also press would have named names I reckon) |
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Post by matealotblue on Nov 6, 2017 14:44:04 GMT
I am struggling to see what the story is here tbh. “Shock! Horror! Lots of people do something legal!”
And the story is......?
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Post by pirate49 on Nov 6, 2017 18:28:25 GMT
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Nov 6, 2017 19:02:55 GMT
I am struggling to see what the story is here tbh. “Shock! Horror! Lots of people do something legal!” And the story is......? Our unelected Monarch, just an ordinary mammal, born into a privileged position, gets dragged kicking and screaming into the tax system, and whilst plenty of her subjects are homeless she has £10,000,000 of her fortune invested in funds that avoid tax. Sounds like a story to me? |
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harrybuckle
Always look on the bright side
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Posts: 5,425
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Post by harrybuckle on Nov 6, 2017 19:29:30 GMT
To me tax avoidance means our health service is starved of much needed funds. Seems a big deal to me and my family.
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Post by o2o2bo2ba on Nov 6, 2017 19:35:09 GMT
To me tax avoidance means our health service is starved of much needed funds. Seems a big deal to me and my family. All very well if monies were spent that way, but I get a feeling any extra tax recoup (and there has been some in recent years) won't be spent on plebs. I just don't trust it will be spent the way we all think it should be, no matter how noble your idea is HB... |
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Post by matealotblue on Nov 6, 2017 19:48:12 GMT
I am struggling to see what the story is here tbh. “Shock! Horror! Lots of people do something legal!” And the story is......? Our unelected Monarch, just an ordinary mammal, born into a privileged position, gets dragged kicking and screaming into the tax system, and whilst plenty of her subjects are homeless she has £10,000,000 of her fortune invested in funds that avoid tax. Sounds like a story to me? Putting aside the Republican v Monarchy angle I am still bemused about what the story is of shed loads of people (pop stars, actors etc) doing something legal....including lots of pension funds many of us may have invested in. |
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Post by matealotblue on Nov 6, 2017 19:52:56 GMT
To me tax avoidance means our health service is starved of much needed funds. Seems a big deal to me and my family. Guess the question is - to Governments of all persuasions over many a year - why have you not made it illegal to do this? Because it ain’t no good them getting the hump about it when the press are all over it and then letting it quietly go. It all kicked off last year and then fell away. Give a week or so and this will be much similar. If it’s legal some clever dick accountant will use it. Unless and until it isn’t..... |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Nov 6, 2017 20:16:52 GMT
Our unelected Monarch, just an ordinary mammal, born into a privileged position, gets dragged kicking and screaming into the tax system, and whilst plenty of her subjects are homeless she has £10,000,000 of her fortune invested in funds that avoid tax. Sounds like a story to me? Putting aside the Republican v Monarchy angle I am still bemused about what the story is of shed loads of people (pop stars, actors etc) doing something legal....including lots of pension funds many of us may have invested in. I don't care if we have a Monarch or not, slightly bemused that people fawn over them, but that's their choice, what I find distasteful is that the family would sit on an unearned private fortune of many hundreds of millions whilst they have subjects living in poverty, it's just immoral. |
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Post by o2o2bo2ba on Nov 6, 2017 20:55:48 GMT
Putting aside the Republican v Monarchy angle I am still bemused about what the story is of shed loads of people (pop stars, actors etc) doing something legal....including lots of pension funds many of us may have invested in. I don't care if we have a Monarch or not, slightly bemused that people fawn over them, but that's their choice, what I find distasteful is that the family would sit on an unearned private fortune of many hundreds of millions whilst they have subjects living in poverty, it's just immoral. That sums up capitalism, communism, fascism and elitism! |
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Post by chelt_gas on Nov 6, 2017 22:25:44 GMT
We should be asking our keeper for his opinion, Adam Smith is after all very synonymous with his opinions on taxation. It is relevant to football if there are people within the game which has exploited offshore tax havens to the dis-benefit of the people. Since football is now a global game awash with capital but based in the UK then we, as citizens, should be asking whether the subjects of the state and the entities that enjoy our state protection are meeting their responsibilities to pay back to the state.
Seeing Lewis Hamilton, Rooney, Ferdinand et al avoiding millions in tax whilst at the same time seeing Rovers supporters trying to raise a fraction of money for medical treatment for a fellow fan since our NHS cannot cover it is morally wrong.
Football is (or was) meant to be the people's game but you do sometimes question this.
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Post by droitwichgas on Nov 6, 2017 22:40:41 GMT
We should be asking our keeper for his opinion, Adam Smith is after all very synonymous with his opinions on taxation. It is relevant to football if there are people within the game which has exploited offshore tax havens to the dis-benefit of the people. Since football is now a global game awash with capital but based in the UK then we, as citizens, should be asking whether the subjects of the state and the entities that enjoy our state protection are meeting their responsibilities to pay back to the state. Seeing Lewis Hamilton, Rooney, Ferdinand et al avoiding millions in tax whilst at the same time seeing Rovers supporters trying to raise a fraction of money for medical treatment for a fellow fan since our NHS cannot cover it is morally wrong. Football is (or was) meant to be the people's game but you do sometimes question this. To be fair if our Monarch, the head of our state, is trying to cheat the tax system who can blame footballers etc trying to same. Surprised she's not decided to join Pantsdown and move to the CI! |
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Deleted
Joined: January 1970
Posts: 0
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Post by Deleted on Nov 6, 2017 23:04:18 GMT
Guess the question is - to Governments of all persuasions over many a year - why have you not made it illegal to do this? Because it ain’t no good them getting the hump about it when the press are all over it and then letting it quietly go. It all kicked off last year and then fell away. Give a week or so and this will be much similar. If it’s legal some clever dick accountant will use it. Unless and until it isn’t..... Spot on, Sir. I look forward to the 'my accountant made me do it - I had no idea he was avoiding tax for me'. Do not tell me you pay an accountant all that money to ensure you pay every penny of the requisite amount of tax. No, you have an accountant for a reason. The exact opposite reason. To maximise you wealth by reducing your bills. Lewis Hamilton thinks he should not have to pay VAT on his private jet. But it is alright, because you pay VAT on your Ford Fiesta and tampons. What a patriot Hamilton is for thinking you duckwits can pay for schools/hospitals/sanitation/roads/etc, while he pays only what his account insists he needs to. What an outrage. Until we forget about it. Until the next time. We should stop putting up with this BS. But will we? No. |
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Post by chelt_gas on Nov 7, 2017 7:14:19 GMT
Guess the question is - to Governments of all persuasions over many a year - why have you not made it illegal to do this? Because it ain’t no good them getting the hump about it when the press are all over it and then letting it quietly go. It all kicked off last year and then fell away. Give a week or so and this will be much similar. If it’s legal some clever dick accountant will use it. Unless and until it isn’t..... Spot on, Sir. I look forward to the 'my accountant made me do it - I had no idea he was avoiding tax for me'. Do not tell me you pay an accountant all that money to ensure you pay every penny of the requisite amount of tax. No, you have an accountant for a reason. The exact opposite reason. To maximise you wealth by reducing your bills. Lewis Hamilton thinks he should not have to pay VAT on his private jet. But it is alright, because you pay VAT on your Ford Fiesta and tampons. What a patriot Hamilton is for thinking you duckwits can pay for schools/hospitals/sanitation/roads/etc, while he pays only what his account insists he needs to. What an outrage. Until we forget about it. Until the next time. We should stop putting up with this BS. But will we? No. But that's the point. We're (the people) show outrage when the conglomerates and elite avoid their moral obligation to pay tax before then buying an iPhone or Starbucks coffee without any second thought. It may change as people become accessible to greater information. It reminds me of the manager at a company who preaches to the workers how something should be done without ever being able to demonstrate how it should be done. Society works when fairness is central to it's working but we are seeing how unfair different aspects of society actually are. |
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Peter Parker
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Richard Walker
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Post by Peter Parker on Nov 7, 2017 7:57:04 GMT
I hope you frown at yourself and show moral indignation when you pay cash in hand for anything.
If nothing illegal has been done, than the fingers should be pointed at Governments and tax rules/loopholes individuals.
We all avoid tax in some shape or form (legally or illegally) be it from Pension investments/ISAs. Paying the builder in cash
It's only really the amounts that are different
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Thatslife
"Decisions are made by those who turn up"
Joined: June 2014
Posts: 669
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Post by Thatslife on Nov 7, 2017 8:30:31 GMT
These people who legally dont pay any tax, they would all expect the emergency services to respond if they had serious problem, a fire or car accident etc they pay no contribution to these services.
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faggotygas
Byron Anthony
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Post by faggotygas on Nov 7, 2017 8:45:27 GMT
I hope you frown at yourself and show moral indignation when you pay cash in hand for anything. If nothing illegal has been done, than the fingers should be pointed at Governments and tax rules/loopholes individuals. We all avoid tax in some shape or form (legally or illegally) be it from Pension investments/ISAs. Paying the builder in cash It's only really the amounts that are different Paying the builder in cash is tax evasion, not avoidance, and is illegal.
Regarding pensions and ISAs, you're mixing up tax planning (or sheltering), and tax avoidance. Making use of intended tax reliefs is tax planning. Tax avoidance is making use of the tax system for your own advantage in a way that is not intended by the government. That's why there is a general anti-avoidance rule in UK law, lawmakers cannot be expected to think of every opportunity for avoidance, the system is too complicated.
The GAAR: "prevents the reduction of tax by legal arrangements, where those arrangements are put in place purely to reduce tax, and would not otherwise be regarded as a reasonable course of action." Putting money into a pension plan is a reasonable course of action, as a pension plan is intended to provide you with an income when you retire. Putting money into a savings account is a reasonable course of action. The fact that they are tax incentivised doesn't effect the fact that they are reasonable courses of action. Some of the recent revelations may well be illegal due to the GAAR - why are people putting money into businesses in Panama, for example, when they have no interest in Panama, don't live there, and the business doesn't carry out any obvious activity? Were it not for the avoidance of tax, would that be a reasonable course of action?
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Peter Parker
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Richard Walker
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Post by Peter Parker on Nov 7, 2017 8:46:07 GMT
These people who legally dont pay any tax, they would all expect the emergency services to respond if they had serious problem, a fire or car accident etc they pay no contribution to these services. Plenty do pay Tax, they just minimise the amount they have to pay |
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