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-   -   Tax havens exposed in huge law firm leak (https://www.cableforum.uk/board/showthread.php?t=33702703)

Maggy 10-04-2016 16:09
Re: Tax havens exposed in huge law firm leak
 
Well to get back to the leak..

http://www.bbc.co.uk/news/entertainment-arts-35986035

Quote:
The disputed ownership of a painting worth up to £17m ($25m) may have been clarified in the leaked documents from law firm Mossack Fonseca.
A Paris art dealer's estate wants the art-collecting Nahmad family to return Amadeo Modigliani's Seated Man With A Cane, which it claims the Nazis seized in World War Two.
The family claimed in court it was held by International Art Center (IAC).
I'm curious to see what other titbits of interest there maybe lurking in these papers..

TheDaddy 10-04-2016 18:17
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by martyh (Post 35831747)
He wasn't doing the same thing at all ,there have been no allegations of using avoidance schemes .
Did Dave's dad pay the tax that was due, iirc Dave was unclear as he said 'dad's not around to ask anymore'?


Quote:
Trusts where not excluded ,they still have to revealed ,the only difference is that trusts are declared in private to HMRC and shell companies are declared publicly ,which is perfectly understandable
Perfectly understandable, who declares them?

Quote:
and when that one shows no irregularities should he then produce the years before and so on .He has gone over and above what should be expected of him .
No he has not gone over and above at all, telling the truth is the very least we should expect from our leaders and being evasive, misleading or telling half truths is exactly the same as lying in my book and that's the very reason why I said I'd rather hear about 2008 return not because I think there is anything to hide in that particular year but because I don't trust him anymore.

Arthurgray50@blu 10-04-2016 18:39
Re: Tax havens exposed in huge law firm leak
 
The more l hear of this, l think the whole thing stinks. And rotten at that. We hear today, that DC's mum gave him more money. As she thought that her husband didn't give him enough.

How the rich live.
It really gets my goat when you think that DC is cracking down on benefit cheats, who are too ill to work. And yet, DC is the biggest cheat of all.

I reckon that by the end of this week, there will be more stuff leaked.

There is talk about Osborne's affairs now. But he is a Multi Millionaire, sop where had all his money been hidden l wonder.

Tonight some Tory Mp for justice is saying that Corbyn is a hypocrite. Not being funny DC is the hypocrite for lying to the electorate

---------- Post added at 19:39 ---------- Previous post was at 19:34 ----------

http://www.msn.com/en-gb/news/uknews...und/ar-BBrwMAq

Interesting read.

Ramrod 10-04-2016 18:40
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by TheDaddy (Post 35831863)
because I don't trust him anymore.
You mean you once did actually trust him?! :shocked: I voted for him and I've never trusted him :D

TheDaddy 10-04-2016 18:45
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Ramrod (Post 35831869)
You mean you once did actually trust him?! :shocked: I voted for him and I've never trusted him :D

I voted for him to and have regretted it pretty much ever since. Did I trust him, I had doubts about his character but he's confirmed them beyond doubt now.

papa smurf 10-04-2016 18:57
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by TheDaddy (Post 35831872)
I voted for him to and have regretted it pretty much ever since. Did I trust him, I had doubts about his character but he's confirmed them beyond doubt now.
sadly i voted for him and now feel the same way you do.

martyh 10-04-2016 19:40
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by TheDaddy (Post 35831863)
Did Dave's dad pay the tax that was due, iirc Dave was unclear as he said 'dad's not around to ask anymore'?

.
I've no idea but quite obviously in your mind it's easier to simply assume guilt


Quote:
Perfectly understandable, who declares them?
Perfectly understandable as in Trusts are private finances and should not be the subject of public scrutiny .

TheDaddy 10-04-2016 19:53
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by martyh (Post 35831884)
I've no idea but quite obviously in your mind it's easier to simply assume guilt
Or in my mind it's easier to assume guilt when someone behaves dishonestly, if he'd told the truth when this leak first happened we wouldn't be talking about it now, he's the cause of the suspicion no one else.

Quote:
Perfectly understandable as in Trusts are private finances and should not be the subject of public scrutiny .
So we're relying on the honesty system then?

Ramrod 10-04-2016 21:02
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by papa smurf (Post 35831877)
sadly i voted for him and now feel the same way you do.
He was simply the best choice between him and Milliband :(

---------- Post added at 22:02 ---------- Previous post was at 22:01 ----------

Quote:
Originally Posted by TheDaddy (Post 35831885)
Or in my mind it's easier to assume guilt when someone behaves dishonestly, if he'd told the truth when this leak first happened we wouldn't be talking about it now, he's the cause of the suspicion no one else.
Indeed. He's handled this spectacularly badly :rolleyes:

Arthurgray50@blu 10-04-2016 21:49
Re: Tax havens exposed in huge law firm leak
 
This could not have come at a worse time with the Local Elections coming up soon.

I guarantee all the papers including Tory paper The Sun. Will be digging up as much crap as possible about all this.

In fact One Sunday paper has actually said that DCs mum has told the public to mind there own business.

In one hand, she criticised him over closing as local nursery. And now, she is trying to protect him.

It would not surprise me if The Sun, demands his resignation

heero_yuy 11-04-2016 08:15
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Arthurgray50@blu (Post 35831895)

It would not surprise me if The Sun, demands his resignation
Don't think so:

Quote:
DAVID Cameron should be congratulated for doing the right thing.

The publication of his personal tax return came late but better than never.

And yet key questions remain for the Prime Minister.

Why did he take part in what amounted to an inheritance tax avoidance scheme?

It is only natural for a family to want to pass wealth down to their children while minimising tax. But it will stick in the craw of small businesses hounded by HMRC for the tiniest of errors.
Sun Says

ianch99 11-04-2016 08:26
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by TheDaddy (Post 35831885)
So we're relying on the honesty system then?
.. and the ability to block EU attempts to make offshore trusts more transparent:

Panama Papers: Cameron faces questions over trust letter

David Cameron 'argued to water down transparency rules over trusts'

Maggy 11-04-2016 10:46
Re: Tax havens exposed in huge law firm leak
 
Thinking that maybe the topic should be amended to PM's tax affairs...;)

Osem 11-04-2016 10:56
Re: Tax havens exposed in huge law firm leak
 
Given the shenanigans many of our MPs got up to when fiddling their expenses and housing costs not that long ago I don't think many of them can be said to be beyond reproach when it comes to matters financial.

On a separate note, how many of us suspend our moralising briefly whilst we choose to buy stuff from hugely profitable companies knowing full well they've done as much as they possibly can to avoid the very same taxes Cameron's resignation is being demanded for yet on a massively larger scale?

Chris 11-04-2016 11:03
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Maggy J (Post 35831918)
Thinking that maybe the topic should be amended to PM's tax affairs...;)
I think those that wish to see tax evasion clamped down on have done themselves a real disservice here.

They have gone after Cameron, whose tax affairs don't even come close to the dodgy dealings of some of those exposed in the Panama Papers, and have now made the story about inheritance tax, which according to a recent poll, 59% of voters think is an unfair tax (regardless of whether it affects them personally).

Meanwhile a lot of very rich, genuinely corrupt individuals are laughing it up.

Hugh 11-04-2016 11:05
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by ianch99 (Post 35831909)
.. and the ability to block EU attempts to make offshore trusts more transparent:

Panama Papers: Cameron faces questions over trust letter

David Cameron 'argued to water down transparency rules over trusts'
From over 2 years ago...

http://www.telegraph.co.uk/finance/p...-property.html
Quote:
Trusts, although widely used in the UK, are little understood both here and abroad. This partly explains why the matter has been overlooked outside legal and tax circles. If a strict regime of disclosure were introduced, what would be the implications on our personal finances? A number of experts unravelled the issue for The Telegraph.

Joint property owners
Where property is owned by more than one person, as is the case with millions of married and unmarried couples, the ownership is formed as a trust. Mr Frimston said: “When you buy in joint names, at the end of the Land Registry transfer document there is an express trust, where the buyers declare the basis of their ownership.”
For Mr Frimston this neatly illustrates the extent to which trusts underpin UK, but not European, financial arrangements. “In the UK being a trustee means you remain liable to HMRC and other authorities,” he said.

“But in German, France, Italy and Spain the idea is that trusts are about avoiding liability, and that they are somehow dodgy.”

http://www.ft.com/cms/s/0/0e7c0a20-f...#axzz45EpVDNix

Quote:
In the letter, seen by the Financial Times, Mr Cameron said: “It is clearly important we recognise the important differences between companies and trusts. This means that the solution for addressing the potential misuse of companies, such as central public registries, may well not be appropriate generally.”

Britain has emerged as the strongest European rival to Switzerland for private banking and wealth management, administering £1.2tn of assets, according to Deloitte. The sector contributed £3.2bn to the economy, according to 2014 estimates from the British Bankers’ Association.

A senior government source said that Mr Cameron’s letter reflected official advice that creating a central registry for trusts would have been complex and would have distracted from the main objective of shining a light on the ownership of shell companies.

“It would have slowed down the process because of the different types of trust involved,” the official said. “They are sometimes used to protect vulnerable people, so that would have been an extra complication.

“As the directive went through we reached a position where trusts which generate tax consequences had to demonstrate their ownership to HM Revenue & Customs.

ianch99 11-04-2016 11:15
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Chris (Post 35831922)
I think those that wish to see tax evasion clamped down on have done themselves a real disservice here.

They have gone after Cameron, whose tax affairs don't even come close to the dodgy dealings of some of those exposed in the Panama Papers, and have now made the story about inheritance tax, which according to a recent poll, 59% of voters think is an unfair tax (regardless of whether it affects them personally).

Meanwhile a lot of very rich, genuinely corrupt individuals are laughing it up.
I think you are spot on here. When it comes down to it, Cameron has broke no laws and let's face it, who wouldn't expect a Conservative PM to have a bit of money stashed away.

The real issues are:

- how interested are the Tories in closing down the legal but unpopular* offshore tax saving vehicles that the 1% benefit from
- how much does the PM and his Chancellor really think they are "all in it together"
- (and this is the clincher) why the Tory press are hounding the PM over what is, when you stand back, a non-story in terms of wrong doing

I am thinking the Tory press are using this Panana leak to wound the PM and spin out this issue for as longer as possible to try and weaken the Remain position. Damage Cameron and you potentially damage Remain ..

* unpopular in the sense that the vast majority of tax payers have no choice in paying their taxes where the 1% have "options"

denphone 11-04-2016 11:49
Re: Tax havens exposed in huge law firm leak
 
Some MP's of the other parties are quite well off as well you know so its not just the Tories who are quite wealthy..

heero_yuy 11-04-2016 12:18
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by ianch99 (Post 35831925)
I am thinking the Tory press are using this Panana leak to wound the PM and spin out this issue for as longer as possible to try and weaken the Remain position. Damage Cameron and you potentially damage Remain ..
I suspect that is true, probably trying to redress the blatent pro-EU £9m spend. The remain faction may come to rue that decision in the days to come.

Chris 11-04-2016 12:39
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by ianch99 (Post 35831925)
I think you are spot on here. When it comes down to it, Cameron has broke no laws and let's face it, who wouldn't expect a Conservative PM to have a bit of money stashed away.

The real issues are:

- how interested are the Tories in closing down the legal but unpopular* offshore tax saving vehicles that the 1% benefit from
- how much does the PM and his Chancellor really think they are "all in it together"
- (and this is the clincher) why the Tory press are hounding the PM over what is, when you stand back, a non-story in terms of wrong doing

I am thinking the Tory press are using this Panana leak to wound the PM and spin out this issue for as longer as possible to try and weaken the Remain position. Damage Cameron and you potentially damage Remain ..

* unpopular in the sense that the vast majority of tax payers have no choice in paying their taxes where the 1% have "options"
I tend to agree ... It's all about Brexit.

Hugh 11-04-2016 13:37
Re: Tax havens exposed in huge law firm leak
 
People keep saying "the 1%", when they mean "the 0.1%*".

To be in the 1%, you need to earn just under £77k per year -which isn't bad, but not in the "super-rich" arena.

http://indy100.independent.co.uk/art...d--byxi1mzI0xg
Quote:
People who make around £77,000 after tax include pilots, and directors in sectors like marketing and IT. They're not necessarily the CEOs and bankers on Wall Street the Occupy movement sprang up to challenge.
http://www.thisismoney.co.uk/money/n...l-average.html

*about 30,000 people with a minimum declared income of £670,000 a year

techguyone 11-04-2016 13:47
Re: Tax havens exposed in huge law firm leak
 
I wouldn't know why anyone would support an inheritance tax. It's a cruel tax, considering that its a tax upon tax. Tax has already been paid on any inheritance.

Hugh 11-04-2016 13:49
Re: Tax havens exposed in huge law firm leak
 
Just to inject a note of humour into this rather dry, if impassioned, subject...

http://www.bbc.co.uk/news/uk-politics-36010902
Quote:
Mr Corbyn committed last week to publishing his own tax return but he has been unable to find it and has requested a copy from HMRC, BBC assistant political editor Norman Smith said.
And of course, no politics thread is complete without a quote from Nigel..
Quote:
And UKIP leader Nigel Farage said he wouldn't be divulging any details since most people regarded tax as a private matter.
Here is Jeremy's latest suggestion on the matter

https://www.politicshome.com/news/uk...-return-big-no
Quote:
Labour leader Jeremy Corbyn, who has said his return will be released shortly, has also suggested political journalists should do the same.

Chris 11-04-2016 15:07
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by techguyone (Post 35831940)
I wouldn't know why anyone would support an inheritance tax. It's a cruel tax, considering that its a tax upon tax. Tax has already been paid on any inheritance.
Its original purpose was honourable enough. It brought an end to most of the privately owned country estates that had concentrated land, wealth and power into very few hands over centuries.

Unfortunately it has long since changed from a means of redistributing unearned wealth and privilege to just another means of raising revenue on as many people as the chancellor can get away with.

nomadking 11-04-2016 15:20
Re: Tax havens exposed in huge law firm leak
 
IMO Inheritance tax should be replaced by one based on Capital Gains. IE if you inherit a painting, property, business etc and sell it, tax is paid. But if your keep them, no tax is due. That way a business could be inherited without being forced to sell it, just to pay tax.

Maggy 11-04-2016 15:29
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Chris (Post 35831933)
I tend to agree ... It's all about Brexit.
While Cameron is under fire there may be others crossing that they will escape notice..

martyh 11-04-2016 16:45
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Hugh (Post 35831941)
Just to inject a note of humour into this rather dry, if impassioned, subject...

http://www.bbc.co.uk/news/uk-politics-36010902

And of course, no politics thread is complete without a quote from Nigel..

Here is Jeremy's latest suggestion on the matter

https://www.politicshome.com/news/uk...-return-big-no

Quote:
Jeremy Corbyn has revealed he was fined £100 for a late tax return
http://news.sky.com/story/1676607/co...n-reveal-taxes

couldn't make it up :D

Arthurgray50@blu 11-04-2016 20:44
Re: Tax havens exposed in huge law firm leak
 
The word we keep hearing here is TRUST.

We TRUST our MPs of any party to be honest, when the ask for our vote, to get elected.

I watched the Commons debate today, and he was very quick to take the heat off himself, and then Osborne. By slagging off what HE has done for this country towards Tax evasion.

But what DC forgets is that the TRUST has now gone. Even Skinner, was sent from the chamber as he called DC a Dodgy character. Here is an honest man, speaking from the heart.,

What we are all forgetting is this. NO MP is above the law. IF that was anyone of us, we would get arrested, and bang.

Gary L 11-04-2016 21:04
Re: Tax havens exposed in huge law firm leak
 
I've always said Dave is dodgy.

http://media.skynews.com/media/image...-1-736x414.jpg

it's funny hw people exist to make money on top of whatever money they have already. probably more money than they'll ever need. and probably die before they've got around to spending any of the money they already have.

and they go to work after making money to take as much money as they can off people who have not much money in the first place.

then after work they go and do some more dodgy stuff to make more money than they'll probably ever need or get around to spending.

heero_yuy 12-04-2016 08:05
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Arthurgray50@blu (Post 35832043)

What we are all forgetting is this. NO MP is above the law. IF that was anyone of us, we would get arrested, and bang.
How many times does it need to be said? He hasn't broken any laws Arthur. :rolleyes:

And nobody is going to be arrested for arranging their tax affairs in the most efficient way. If they were the majority of the population would be in clink.

Osem 12-04-2016 08:49
Re: Tax havens exposed in huge law firm leak
 
:tu: Arthur's impervious to facts mate.

I wonder why few people seem to be quite so exercised about the vast sums of money being 'earned' (and tax potentially avoided etc.) by self serving football players, sports stars, TV personalities, celebrity luvvies and the like. All this venom being aimed at politicians who at least serve the country yet earn in a year what more than a few bladder kickers get in just a week or two. :shrug:

Maggy 12-04-2016 09:13
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Osem (Post 35832084)
:tu: Arthur's impervious to facts mate.

I wonder why few people seem to be quite so exercised about the vast sums of money being 'earned' (and tax potentially avoided etc.) by self serving football players, sports stars, TV personalities, celebrity luvvies and the like. All this venom being aimed at politicians who at least serve the country yet earn in a year what more than a few bladder kickers get in just a week or two. :shrug:
Footballers/celebrities are not running the country..and we need to be sure that our politicians truly are beyond reproach.It's not a lot to ask surely?

Stop It 12-04-2016 09:18
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by heero_yuy (Post 35832077)
How many times does it need to be said? He hasn't broken any laws Arthur. :rolleyes:

And nobody is going to be arrested for arranging their tax affairs in the most efficient way. If they were the majority of the population would be in clink.
Indeed, all Cameron is guilty of is dragging his heels. Frankly, most of us would do exactly the same as him in his situation. Tax wise I mean, hopefully more of the population will have a bit more common sense! Stonewalling the media only results in more, rather than less scrutiny.

Quote:
Originally Posted by Osem (Post 35832084)
:tu: Arthur's impervious to facts mate.

I wonder why few people seem to be quite so exercised about the vast sums of money being 'earned' (and tax potentially avoided etc.) by self serving football players, sports stars, TV personalities, celebrity luvvies and the like. All this venom being aimed at politicians who at least serve the country yet earn in a year what more than a few bladder kickers get in just a week or two. :shrug:
You know something? I would be accusing you of creating strawmen if it wasn't for the fact that there really are people who see "Person X, in this case, Cameron = bad" and find anything to stick on them rather than separating the person from the story and realising that frankly, this is a complete non issue. That being said, hypocrisy knows no political colours, and is a human trait, rather than a trait of any political leanings.

Cameron didn't help himself when he vowed to crack down on "aggressive tax avoidance" while never quite defining it. the fact that he has embarked on pretty mundane tax avoidance takes a back seat however and things have got a bit silly.

Still waiting on some proper analysis of this whole story though and rubbish such as this doesn't really do anything but muddy the waters.

Oh, and as above, if a footballer started railing against tax havens and aggressive tax dodging while doing it themselves, I'll be the first to call them a bit of a plonker too. I couldn't give a stuff about the opinions of "celebrity lurvies" etc either.

Chris 12-04-2016 10:13
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Maggy J (Post 35832089)
Footballers/celebrities are not running the country
Their behaviour has more impact on the attitudes and behaviour of our young people than any politician. They have a position of privilege and influence and should certainly be under scrutiny.

Hugh 12-04-2016 11:59
Re: Tax havens exposed in huge law firm leak
 
Just read an interesting article - the Scott Trust, owners of GMG, owners of the Guardian, was set up to avoid Death Duties (the predecessor of Imheritance Tax); it was even dissolved and reformed in 1948 as it was going to be liable for taxes....

https://en.m.wikipedia.org/wiki/Scott_Trust_Limited

And even more interestingly, an article on the GMG Investment Fund.

http://www.theguardian.com/gnm-press...fund-statement

Quote:
While the majority of the funds are based outside the UK, GMG is subject to UK tax on all income and realised gains arising from these investments.
Seems one rule/criticism for some, and another rule/lack of criticism for others....

Osem 12-04-2016 12:17
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Maggy J (Post 35832089)
Footballers/celebrities are not running the country..and we need to be sure that our politicians truly are beyond reproach.It's not a lot to ask surely?
No but actors/luvvies, musicians, authors and the like (often from highly privileged backgrounds themselves) certainly do more than their fair share of public moralising on such issues as poverty etc. and often get quite heavily involved in politics in one way or another. Of course their fans aren't likely to criticise them to the same extent as some suit in parliament, especially when it's so easy to brand them. I don't have any problem with our politicians being beyond reproach but in the real world that's asking a hell of a lot, especially when they're often damned if they do and damned if they don't. Right now it's quite fun for people to be branding all our politicians as somehow untrustworthy when I think most of them aren't any more so than anyone else.

---------- Post added at 13:17 ---------- Previous post was at 13:16 ----------

Quote:
Originally Posted by Hugh (Post 35832117)
Just read an interesting article - the Scott Trust, owners of GMG, owners of the Guardian, was set up to avoid Death Duties (the predecessor of Imheritance Tax); it was even dissolved and reformed in 1948 as it was going to be liable for taxes....

https://en.m.wikipedia.org/wiki/Scott_Trust_Limited

And even more interestingly, an article on the GMG Investment Fund.

http://www.theguardian.com/gnm-press...fund-statement



Seems one rule/criticism for some, and another rule/lack of criticism for others....
I wonder if all those baying Guardian hacks and readers will want to comment on such appalling double standards... :rolleyes:

Maggy 12-04-2016 12:27
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Osem (Post 35832118)
No but actors/luvvies, musicians, authors and the like certainly do more than their fair share of public moralising on such issues as poverty etc. and often get quite heavily involved in politics in one way or another. Of course their fans aren't likely to criticise them to the same extent as some suit in parliament. I don't have any problem with our politicians being beyond reproach but in the real world that's asking a hell of a lot, especially when they're often damned if they do and damned if they don't. Right now it's quite fun for people to be branding all our politicians as somehow untrustworthy when I think most of them aren't any more so than anyone else.

---------- Post added at 13:17 ---------- Previous post was at 13:16 ----------



I wonder if all those baying Guardian hacks and readers will want to comment on... :rolleyes:
Really?You don't want to hold them to a higher responsibility than anyone else?You don't want them to be MORE trustworthy than anyone else?Truly is that your belief?I certainly do whichever political persuasion they belong to.

Osem 12-04-2016 12:35
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Maggy J (Post 35832121)
Really?You don't want to hold them to a higher responsibility than anyone else?You don't want them to be MORE trustworthy than anyone else?Truly is that your belief?I certainly do whichever political persuasion they belong to.
I said I have no problem with the notion of politicians being beyond reproach. I'm merely pointing out the real world in which we live and in which it sadly isn't possible. We should expect lawyers, teachers, doctors and all manner of professional people to be beyond reproach but they're not and never will be because they're all human just like the rest of us.

papa smurf 12-04-2016 16:18
Re: Tax havens exposed in huge law firm leak
 
‘dodgy Dave’



http://www.express.co.uk/news/politi...Prime-Minister

Damien 12-04-2016 18:45
Re: Tax havens exposed in huge law firm leak
 
It's obvious Cameron has, at least with what's been revealed so far, done nothing wrong. The only reason people are having a go is either because they don't understand that offshore doesn't mean 'tax evasion', they simply don't like Cameron and this is a chance to have a go, a small minority who genuinely think any tax avoidance is immoral and Tory MPs who probably have done these things themselves but see taking down Cameron as an advantage for Brexit.

What's worse is people like Jimmy Carr mocking this as Cameron being caught out but the difference is that Carr didn't pay a bunch of tax whereas it seems Cameron has paid every bit of tax that the law intends. Again though, people don't understand that setting up a company to avoid tax which loans to back to you is not the same as investing in offshore companies but then paying tax when you take the money out. Like pretty much most pension funds.

TheDaddy 12-04-2016 19:08
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Damien (Post 35832218)
It's obvious Cameron has, at least with what's been revealed so far, done nothing wrong. The only reason people are having a go is either because they don't understand that offshore doesn't mean 'tax evasion', they simply don't like Cameron and this is a chance to have a go, a small minority who genuinely think any tax avoidance is immoral and Tory MPs who probably have done these things themselves but see taking down Cameron as an advantage for Brexit.

What's worse is people like Jimmy Carr mocking this as Cameron being caught out but the difference is that Carr didn't pay a bunch of tax whereas it seems Cameron has paid every bit of tax that the law intends. Again though, people don't understand that setting up a company to avoid tax which loans to back to you is not the same as investing in offshore companies but then paying tax when you take the money out. Like pretty much most pension funds.
Most people understand only to well what he was up to, attempting to mislead them.

Ignitionnet 12-04-2016 19:13
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Hugh (Post 35831939)
People keep saying "the 1%", when they mean "the 0.1%*".

To be in the 1%, you need to earn just under £77k per year -which isn't bad, but not in the "super-rich" arena.
Do I have to learn a secret handshake? Do I get a t-shirt or, at least, a badge? Lanyard?

Hugh 12-04-2016 19:15
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by TheDaddy (Post 35832221)
Most people understand only to well what he was up to, attempting to mislead them.
What did he mislead them on?

Did he do anything illegal?

Did he not pay all the appropriate tax?

Ignitionnet 12-04-2016 19:15
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Damien (Post 35832218)
It's obvious Cameron has, at least with what's been revealed so far, done nothing wrong. The only reason people are having a go is either because they don't understand that offshore doesn't mean 'tax evasion', they simply don't like Cameron and this is a chance to have a go, a small minority who genuinely think any tax avoidance is immoral and Tory MPs who probably have done these things themselves but see taking down Cameron as an advantage for Brexit.
I think people need to start hating more on the system and less on the Prime Minister. I'm no fan of his but it's abundantly clear that people across the political spectrum have done exactly what his family have, right across to Tony Benn.

IHT is a mess. Get rid of it and use a Land Value Tax instead.

Hugh 12-04-2016 19:16
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Ignitionnet (Post 35832224)
Do I have to learn a secret handshake? Do I get a t-shirt or, at least, a badge? Lanyard?
It's a tattoo on the perineum, I believe.... :erm:

https://www.cableforum.co.uk/images/...2016/04/19.jpg

TheDaddy 12-04-2016 19:48
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Hugh (Post 35832227)
What did he mislead them on?

Did he do anything illegal?

Did he not pay all the appropriate tax?
When he failed to answer a simple question straightforwardly, within 5 days

Osem 12-04-2016 19:59
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Damien (Post 35832218)
It's obvious Cameron has, at least with what's been revealed so far, done nothing wrong. The only reason people are having a go is either because they don't understand that offshore doesn't mean 'tax evasion', they simply don't like Cameron and this is a chance to have a go, a small minority who genuinely think any tax avoidance is immoral and Tory MPs who probably have done these things themselves but see taking down Cameron as an advantage for Brexit.

What's worse is people like Jimmy Carr mocking this as Cameron being caught out but the difference is that Carr didn't pay a bunch of tax whereas it seems Cameron has paid every bit of tax that the law intends. Again though, people don't understand that setting up a company to avoid tax which loans to back to you is not the same as investing in offshore companies but then paying tax when you take the money out. Like pretty much most pension funds.
Well hypocrisy has always been the trendy lefty stock in trade and there's plenty of idiots out there who buy into it because it's what they want to hear and doesn't require any effort analysing facts.

Maggy 13-04-2016 08:23
Re: Tax havens exposed in huge law firm leak
 
http://www.bbc.co.uk/news/world-latin-america-36032325

Quote:
Police in Panama have raided the headquarters of the law firm at the centre of a massive data leak.
Prosecutors said the operation had been carried out at the offices of Mossack Fonseca in Panama City "without incident or interference".

Ignitionnet 13-04-2016 13:18
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Hugh (Post 35832229)
It's a tattoo on the perineum, I believe.... :erm:
Oh :(

Have to get the existing one removed.

Kursk 13-04-2016 13:48
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Hugh (Post 35832229)
It's a tattoo on the perineum, I believe.... :erm:
Ever so close to the a-hole. Appropriate :D.

Mr K 15-04-2016 09:29
Re: Tax havens exposed in huge law firm leak
 
Labour have taken the lead in the polls. Probably down to Cameron being exposed as a hypocrite on tax and another shambolic budget from Osborne. Maybe Jeremy is looking less toxic by the day.

http://ukpollingreport.co.uk/blog/archives/9668

denphone 15-04-2016 10:20
Re: Tax havens exposed in huge law firm leak
 
A week is a long time in politics so one can never predict what the future holds for both parties in the coming weeks , months and years.

Hugh 15-04-2016 10:53
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Mr K (Post 35832609)
Labour have taken the lead in the polls. Probably down to Cameron being exposed as a hypocrite on tax and another shambolic budget from Osborne. Maybe Jeremy is looking less toxic by the day.

http://ukpollingreport.co.uk/blog/archives/9668
Some interesting commentary.
Quote:
Looking at some more general questions on the Tory leadership David Cameron’s ratings have declined there too.

In December his lead over Jeremy Corbyn as best Prime Minister was twenty-six points, now it is only seven points (almost all due to Cameron’s rating falling, rather than Corbyn’s increasing) – 32% Cameron (down 17), 25% Corbyn (up 2).

As with the voting intention figures, I would be cautious about jumping to conclusions about the reasons for the drop in Cameron’s ratings – while the questions were asked just after the row over his investments, in the same people people said by 45% to 35% that Cameron hadn’t actually done anything wrong.

It is just as likely to be the impact from the budget, from the general running of the government or from Cameron losing the support and loyalty of Conservative voters who are backing leave. It will be interesting to see to what degree the ratings of the Conservative party and David Cameron himself recover once the referendum is finally over and they can get on with something else (assuming, of course, that Cameron’s leadership survives the aftermath)

Chris 17-04-2016 19:04
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Mr K (Post 35832609)
Labour have taken the lead in the polls. Probably down to Cameron being exposed as a hypocrite on tax and another shambolic budget from Osborne. Maybe Jeremy is looking less toxic by the day.

http://ukpollingreport.co.uk/blog/archives/9668
No less than you'd expect, almost a year into the term.

Labourites should, however, be very concerned at how long it has taken, and how slender is the lead.

Even miliband was doing better at this point, and we all know how that ended up.

Osem 17-04-2016 19:11
Re: Tax havens exposed in huge law firm leak
 
Quote:
Originally Posted by Chris (Post 35832989)
No less than you'd expect, almost a year into the term.

Labourites should, however, be very concerned at how long it has taken, and how slender is the lead.

Even miliband was doing better at this point, and we all know how that ended up.
Mili... who? :confused:

You know something's seriously wrong when a guy like Corbyn is the best Labour gas to offer. :D


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