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On the subject of tax avoidance
The Moneysupermarket.com co-founder, Simon Nixon, is set to become a billionaire on the back of a share sale worth up to £115m, but will avoid paying capital gains tax because he lives in Jersey.
THEGUARDIAN.COM We subsidise the rich far more than the poor, through taxation.
This is true, I'm finding out for myself over the past couple of years as a ltd company owner/director. Not a big 'rich' company, it's just me on my own doing manual work.
I'm doing okay though, and my tax bill is ridiculously small really for what I earn. If I paid profit at the end of the year into my pension my tax bill could be next to nothing.
No fancy accounting required, it's just how it is. Good for me personally, a bit crap overall though.
Mystery solved. Their previous car was recalled and they did a phenomenal job of negotiating to get this thing. Good work by them.
Oh FFS, what a massive anti-climax.
So if you checked how they got the new car in the first place, this thread wouldn't have happend and i would't have wasted my money on buying a pitchfork 🙁
No pudding for you Grrrrr
The Moneysupermarket.com co-founder, Simon Nixon, is set to become a billionaire on the back of a share sale worth up to £115m, but will avoid paying capital gains tax because he lives in Jersey.
Donald Trump will also avoid UK capital gains tax as he lives in the USA. Warren Buffett, Mark Zuckerberg and a whole heap of other people who do not live here will not pay uk tax?
As a 25 year taxpayer, those people to whom you refer are being funded by people like me and presumably you. Taxes increase (in part) to fund them.
Do a cursory bit of research into what people on benefits can actually receive. There's a per household limit. If you're disabled, you're subject to frequent assessments, regardless of whether your condition is chronic.
Don't believe everything you read in the Murdoch press or Daily Heil.
Also, I'm a forty one year old taxpayer. I've been doing it a long time and I'm far angrier at subsidizing the likes of big business and the wealthy who can simply choose to make tax liabilities disappear, while at the same time the seem to whinge incessantly at having to pay tax in the first place.
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[url= http://www.theguardian.com/politics/2015/jul/07/corporate-welfare-a-93bn-handshake ]Did you know that, in additon to the vast amounts of tax avoidance...[/url]
Taxpayers are handing businesses £93bn a year – a transfer of more than £3,500 from each household in the UK.
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PJM1974 - Member
As a 25 year taxpayer, those people to whom you refer are being funded by people like me and presumably you. Taxes increase (in part) to fund them.
Do a cursory bit of research into what people on benefits can actually receive. There's a per household limit. If you're disabled, you're subject to frequent assessments, regardless of whether your condition is chronic.Don't believe everything you read in the Murdoch press or Daily Heil.
Also, I'm a forty one year old taxpayer. I've been doing it a long time and I'm far angrier at subsidizing the likes of big business and the wealthy who can simply choose to make tax liabilities disappear, while at the same time the seem to whinge incessantly at having to pay tax in the first place.
Thats all very well, but please be clear when you quote me - words 6-11 refers to the OP's description, not of the general populous whom may be recieving benefits. You know as well as I do that my text is aimed at benefits cheats, not benefit recipients per se.
Donald Trump will also avoid UK capital gains tax as he lives in the USA. Warren Buffett, Mark Zuckerberg and a whole heap of other people who do not live here will not pay uk tax?
Only because we chose to let them. We could easily legislate that all profits / earnings from the UK had to pay tax in the UK, which would be the sensible thing to do.
The US taxes overseas income, which is why so many US corps have billions stuck in offshore subsidiaries...
After all we're subsidising their profits through infrastructure, tax credits etc ......