Tax Havens

We don't all expect to agree with each others point of view, but at least we should be able to understand that people do have different points of view..... Something that seems to be lacking .

As usual, Cameron wiped the floor with Corbyn at PMQ's.On the question of transparency, the tax people here will be able to 'see the books' in future but not the general public , but who wants to see them anyway? As long at HMRC knows what's what that is fine by me.

So why have Cameron and Osborne and co said again and again that aggressive tax avoidance is morally wrong and must be stopped then? If it's not wrong, not immoral? At a time when the NHS is being sold down the river, our schools, etc, etc, and the disabled have their benefits cut, etc.?

Oh come on now, roses - durhamjen's is the ONLY point of view worthy of even considering - you should know that by now!

www.taxjustice.net/2016/04/13/area-more-than-three-times-the-size-of-greater-london-owned-by-secret-companies-in-offshore-tax-havens/

This is an interesting one about London property, from Global Justice.

And YOU don't djen?

www.taxjustice.net/

A whole load of links for you here, POGS, about tax avoiders.
I am sure you will not read them, though, as you only want your point of view to be justified.

fullfact.org/economy/tax-evasion-and-avoidance-border-control-and-school-governors-prime-ministers-questions-factchecked/

It's on already.

Whitewave

I am not missing the point.

I am basing what I think and post on what the UK Law on taxation decrees. It is the obfuscation and spin that has raised my dander. I am 100% behind any illegal form of taxation being irradicated. I don't think it can be done unilaterally however and it is more complicated than I would hazard a guess any GN poster could claim to know how to deal with it.

I will reiterate too. I am sick to death of watching and listening to individuals time after time calling someone a tax avoider who has done something wrong. When pinned down to catagorically state why they make that 'accusation' , give an example of how something illegal or wrong has in fact taken place, they clam up and say 'well, nothing 'BUT'. The ' BUT ' is based on nothing illegal has happened, the ' BUT ' is often based on class warfare, the ' BUT ' is no more than rhetoric to imply that the person when challenged looked a tad foolish by admitting they could not come up with evidence to prove their accusations but they have to keep face and keep a good story going.

Didn't get that impression from PMQs today, though., whitewave. Dodgu Dave gave the impression that everything was up to speed and they were raking in taxes.

Fullfact will put him right tomorrow.

Been like that for donkeys years

www.theguardian.com/politics/2016/apr/11/one-in-four-hmrc-staff-have-confidence-in-senior-management-poll

This means that three in four do not.
Morale at HMRC is at an all time low.

Who, apart from HMRC, deals with tax collection, Nonnie?
And why? What else is HMRC for?

Non Dom status is indeed rally dodgy. I can't put detail here- but let it be said that I KNOW for facts how dodgy indeed it can be! And that for years and years ...

Eloethan. Your post 00.18.

POGS "in saying that you are not a ' green eyed monster ' you are using the age old put down of implying that those who support inhereitence tax - or any other attempt to distribute wealth more evenly - do so because they are envious.

No . May I remind you , you previously asked me why I 'personally' thought Inheritence Tax was a shit tax. I responded by saying " I am no 'green eyed monster' , hate class warfare , I can't abide attacking wealth for the sheer joy of doing so, I don't care if when a person dies they had more wealth than I do." . I was answering directly your question as I see it. As for turning the term 'green eyed monster' into indignation be assuming I was generalising then whilst I in all sincerity made the comment in a personal manner I don't suppose I will argue with you as I think there is an element of truth behind my feeling there is an element of society that does hate wealth.

Your precis of my friends father shows we both think differently but after his home/estate was valued basically the compensation he had fought so hard for, waited so long to be awarded and the subsequent cause of his death and which was given to him after living a horrid existence with a terminal disease , The Treasury took their share because he had the nerve not to live long enough to find the benefit. Taxing death will never sit right in my mind.

For the record when I die if the Inhereitence Tax is at it's present threshold my estate will not be subject to Inhereitence Tax. My home is my financial asset, certainly not my savings. I am not coming at this from the point of view my family will benefit from Inhereitence Tax being scrapped I genuinely have an issue on taxing death.

You raise another type of tax that could be implemented as an 'opt in' to align with your view that the present threshold of £325.000.00 is as you state 'more than enough' in your opinion to pass on to your family or whom ever.. Perhaps The Treasury could set up an 'opt in' system where ALL monies over the threshold could be passed on to the Treasury as a sort of Gift Aid.

We also need to look closer to home and one of the things I would like to see ended is non Dom status.

act.one.org/sign/territories/?t=1&utm_source=email&utm_medium=email&akid=7944.6964335.p_giap

To ask Cameron to commit to a public register in the offshore territories, too.

Nonnie, I have less than £500 in my current account most of the time, moving money between accounts to pay bills. I still get more than he does over the year.

Nonnie- enjoy your trip.

Petty though? Come on- billions of unpaid tax that would support our NHS, education, social services, environment, etc, etc, is NOT PETTY- it makes the difference between the country being to run well or fall apart, as it is now.

The huge majority of tax payers just cannot avoid paying tax- as Osborne and Little have been for many years- most businesses can't either.

We can afford to travel too- we even live in Europe- and NO Duncan, we are not 'jealous' we are sick about the hypocrisy and lies and the 'must tighten our belt as we are all in this together' NOT!

So JKR thinks as I do about paying our tax , so at least the reduces the number of people who would legally avoid tax by two

I have always admired Rowling, person with a big heart. Love HP too!

Excellent, granjura. Have passed it on to those I know who use facebook, as I do not.
Hopefully every Harry Potter fan will read it.

That was only part of the question, he also said there were more people dealing with claimants than in HMRC. The answer was that more were needed to ensure that the claimants got what they were due. Not exact words, my memory but it is more complete than quoted above.

On PMQs today, Corbyn asked why Cameron had cut the number of staff working in HMRC. Cameron said that there were more than when he took over.

Then I read this.

www.taxresearch.org.uk/Blog/2016/04/13/can-a-government-committed-to-closing-all-but-14-of-the-uks-tax-offices-be-serious-about-tackling-tax-abuse/

While MPs have been taking the flack for tax abuse, what has been happening about the Tory party donors who have been hiding their money in Panama?

white I don't think we know how much hidden cash there is. One of the reasons cited for putting funds offshore was secrecy for perfectly good reasons e.g. you don't want a competitor to know what you are doing, like buying a property. I can understand the commercial sense in that.

Yes white all packed except the toothbrushes and hair straighteners. Will definitely have a great time regardless of the weather.

Those whose money earns interest offshore have to pay tax on it when they bring it back to the UK.

I think GO probably manages his bank account very well if he doesn't get much interest on his current account, he still gets more than we do! The secret is to keep just enough in the bank to pay bills but not enough to gain interest which is pitiful in the bank.

Just the sort of person I was pointing out to pogs but she chose to ignore the post.

Well said JKR:

www.facebook.com/photo.php?fbid=10152917575102901&set=a.431833357900.228915.514002900&type=3