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Re: Hampshire police force shedding 1400 staff
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Originally Posted by PeteL
yes, good idea, cut the football players wages e.g. yaya toure £220k of city i mean he only pays over 100k a week in taxes he SINGLE handedly pays for 200 cops on 25k a year.... might be a ridiculous wage but they do pay tax you know...
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You may wish to investigate that a bit further, re dividends, deferred payments, interest-free loans, offshore trusts, offshore property portfolios, etc.....
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First, let’s look at the raw commercial considerations for the PL player faced with an approaching increase in tax. The wealthiest of players will already have professional advice on multiple tax avoidance measures. Many will not be paying the current top rate of 40 per cent income tax, let alone be planning to pay 50 per cent. This advice, whilst expensive, will have enabled the PL player to circumvent and tolerate such a punishing tax climate. Astute advisors are working on all kinds of new schemes too.
One such scheme, mooted already and being considered by some players, could see some clubs paying part of the player’s salary in the form of an interest-free loan. As HMRC only taxes 5 per cent of the amount borrowed, this will greatly reduce the tax charge to the player and will allow the club an opportunity to cancel the loan as and when the tax rate is reduced, which is the assumption (albeit risky) of what would happen, long-term, under a Conservative government. Similar measures have been considered by City bankers determined to escape the government’s “super tax”.
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Not just the evil bankers who try to avoid (not evade) tax, you know....
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