Why no 'outrage' on TAX FRAUD, David?

Generali

reduceditem wrote: »

...says who?

Me!....................

reduceditem

Generali wrote: »

Me!....................

Good enough.

lewisa

Is the £25 Billion figure relating to avoidance, evasion, or both?

reduceditem

lewisa wrote: »

Is the £25 Billion figure relating to avoidance, evasion, or both?

http://www.taxresearch.org.uk/Blog/2008/02/01/25-billion-the-cost-of-tax-avoidance/


http://citywire.co.uk/new-model-adviser/tax-evasion-costs-treasury-15-times-more-than-benefit-fraud/a378274

(I've edited to add the second report)

Rochdale_Pioneers

I think the OP fundamentally misunderstands the government. !!!!less scum on benefits deserve everything coming to them. Valiant captains of industry are this nation's future. Or thats what they told oik when he was in the Bullingdon club

Generali

Rochdale_Pioneers wrote: »

I think the OP fundamentally misunderstands the government. !!!!less scum on benefits deserve everything coming to them. Valiant captains of industry are this nation's future. Or thats what they told oik when he was in the Bullingdon club

Stereotyping is so much easier than reasoned debate.

lewisa

I dont understand then, I thought avoidance was legal. Doesnt every small business up and down the land do what they can (within the rules) to reduce their tax bill?

michaels

Hmm - not sure I agree with you about fairness - if someone is stealing from me (as a taxpayer) I would rather it was someone who had very little and was earning £20 a week extra cash in hand on top of benefits than a self employed contractor earning 50k a year and avoiding 10k in tax by doing the majority of it for cash.

I would further argue that for the self employed contractor they would probably only lose 40% income tax on the money they are not declaring whereas the person on benefits might lose 95% in tax plus reduction in benefits thus somehow the contractor is being more greedy in refusing to give up his 40% than the benefits cheat not giving up their 95%?

Pete111 wrote: »

This should be a priority - without doubt

However, I think that part of the reason benefits fraud illicits a greater level of angst is that the people committing it are quite often contributing the square route of b*gger all to UK PLC. Ie they are Net 'takers'

In many cases of tax evasion, I would imagine many of those involved are Net 'givers' and contribute to the countries coffers...just not as much as they ought.

As an aside, I wonder how much of this 25 Billion is 'normal' people having work done 'for cash.' Lets be honest, we have pretty much all been there...

lewisa

michaels wrote: »

a self employed contractor earning 50k a year and avoiding 10k in tax by doing the majority of it for cash.

That isnt avoidance, its evasion. Im not sure if that kind of fraud is included in these numbers

The contractor settig up as a company (or possibly under an umbrella company) with a single client in order to pay corporation tax instead of income tax would be avoidance. Wouldnt it?

reduceditem

lewisa wrote: »

I dont understand then, I thought avoidance was legal. Doesnt every small business up and down the land do what they can (within the rules) to reduce their tax bill?

Try this one:

http://citywire.co.uk/new-model-adviser/tax-evasion-costs-treasury-15-times-more-than-benefit-fraud/a378274