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More tax revelations
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Old 06-11-2017, 20:58   #1
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More tax revelations

Once again we find loads of people/companies (including some of the lefty leaning but capitalist loving great and the good) have been avoiding as much tax as they can and in some cases in spite of what they preach to others or being the world's richest company...

http://www.bbc.co.uk/news/world-us-canada-41889787

http://www.bbc.co.uk/news/uk-41886608

http://www.bbc.co.uk/news/uk-41878305

http://www.bbc.co.uk/news/world-41880153

https://www.theguardian.com/news/201...aradise-papers

I note the Guardian makes plenty of comment whilst having their own questions to answer about the tax they pay and how their company is set up with regard to tax liability.

https://blogs.spectator.co.uk/2016/0...-arrangements/

The amount of vitriol the targets are subjected to doesn't, however, always seem to correlate to the sums avoided but more how popular they are. Double standards clearly but what's new though eh?...

Last edited by Osem; 06-11-2017 at 21:13.
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Old 06-11-2017, 21:16   #2
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Re: More tax revelations

The Queen ? Lefty leaning ? How very dare you ! (although I did have my suspicions )
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Old 06-11-2017, 21:50   #3
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Re: More tax revelations

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The Queen ? Lefty leaning ? How very dare you ! (although I did have my suspicions )
lol. Prince Philip's always been on-message but I've had my concerns about Prince Charles despite his love of countryside sports.
Saw something about a Russian with shares in two Premier League clubs yesterday and one of Trump's crooked guys making bucks from sanctioned Russians so really must catch up on today's developments!
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Old 07-11-2017, 00:26   #4
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Re: More tax revelations

Seems mostly like Jealousy, there is no indication that these people are breaking any laws.

Pretty much anyone would avoid taxes if they could.
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Old 07-11-2017, 01:20   #5
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Re: More tax revelations

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Seems mostly like Jealousy, there is no indication that these people are breaking any laws.

Pretty much anyone would avoid taxes if they could.
Surely it's sensible self-interest not jealousy? The more taxes the rich and multinationals pay, the more money spent on the NHS or alternatively, the less tax you and I have to pay?
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Old 07-11-2017, 01:46   #6
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Re: More tax revelations

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Seems mostly like Jealousy, there is no indication that these people are breaking any laws.

Pretty much anyone would avoid taxes if they could.
Don't be fooled by this not breaking any laws guff, 80% of aggressive tax avoidance schemes are found not to be legal in court and yet we swallow it, we allow people to get away with comparing stuff like this to having an isa or shopping in duty free.
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Old 07-11-2017, 10:31   #7
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Re: More tax revelations

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Surely it's sensible self-interest not jealousy? The more taxes the rich and multinationals pay, the more money spent on the NHS or alternatively, the less tax you and I have to pay?
In which case, the Government should change the law.

It's all very well people trying to rubbish the rich for what they are doing, but if it is legal, I think people should shut up about it.

If they want to protest, they should protest to the Government about our lax tax laws.
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Old 07-11-2017, 11:18   #8
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Re: More tax revelations

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In which case, the Government should change the law.

It's all very well people trying to rubbish the rich for what they are doing, but if it is legal, I think people should shut up about it.

If they want to protest, they should protest to the Government about our lax tax laws.
As we know, avoidance is legal and evasion isn't. It's up to governments to determine where the lines are to be drawn between and then enforce them. The problem is that the tax system is so complicated that it's very hard to do effectively, especially when many other countries are quite happy to be havens of one sort or another.

What sticks in the throat however is the double standards and hypocrisy evident both on the part of some of the companies and individuals involved in minimising their own tax whilst preaching morals to the rest of us but also the manner in which some are harshly targeted by the media and general public whereas others are not. It's easy to make a gesture to boycott a coffee shop chain in order to pressure them to change their policy but not so easy to boycott the maker/supplier of products and services you love and rely on like Apple's for example.

Last edited by Osem; 07-11-2017 at 11:24.
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Old 07-11-2017, 13:03   #9
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Re: More tax revelations

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Originally Posted by Osem View Post
As we know, avoidance is legal and evasion isn't. It's up to governments to determine where the lines are to be drawn between and then enforce them. The problem is that the tax system is so complicated that it's very hard to do effectively, especially when many other countries are quite happy to be havens of one sort or another.

What sticks in the throat however is the double standards and hypocrisy evident both on the part of some of the companies and individuals involved in minimising their own tax whilst preaching morals to the rest of us but also the manner in which some are harshly targeted by the media and general public whereas others are not. It's easy to make a gesture to boycott a coffee shop chain in order to pressure them to change their policy but not so easy to boycott the maker/supplier of products and services you love and rely on like Apple's for example.
What sticks in my throat is the double standards of those corrupt and in power when it comes to tax evasion and benefit cheats. One rule for the riff raff, one rule for us and our accountants.
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Old 07-11-2017, 13:16   #10
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Re: More tax revelations

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What sticks in my throat is the double standards of those corrupt and in power when it comes to tax evasion and benefit cheats. One rule for the riff raff, one rule for us and our accountants.
Well l have no sympathy for benefit cheats as they should have the book thrown at them but in comparison to tax evasion that is a much bigger problem IMO and yet it continues to go on unabated.
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Old 07-11-2017, 13:20   #11
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Re: More tax revelations

no one with an ounce of sense would pay a single penny more than they have to in tax as long as it's legal to do so .
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Old 07-11-2017, 14:30   #12
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Re: More tax revelations

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The more taxes the rich and multinationals pay, the more money spent on the NHS or alternatively, the less tax you and I have to pay?
If you believe that then you really are more gullible than I thought.

If laws are being broken, then they should be held accountable.
If laws are not being broken then people need to stop whinging about it.

We already seem to have plenty of witch hunts on the go.
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Old 07-11-2017, 15:39   #13
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Re: More tax revelations

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Seems mostly like Jealousy, there is no indication that these people are breaking any laws.

Pretty much anyone would avoid taxes if they could.
If only I had enough income to do so..
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Old 09-11-2017, 14:54   #14
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Re: More tax revelations

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Well l have no sympathy for benefit cheats as they should have the book thrown at them but in comparison to tax evasion that is a much bigger problem IMO and yet it continues to go on unabated.
I don't know about that, Den. There seems to be a lot of confusion between tax evasion and tax avoidance.

If the law is too complicated to enforce, the solution seems to be straight forward to me. Simplify it, dear Henry, dear Henry....
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Old 09-11-2017, 15:17   #15
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