Tens of thousands face 'bully boy' investigations in new crackdown - The DM

Generali

People should pay their taxes within the rules and laws of the land. If you can put money into a pension fund from untaxed income as you can in the UK currently then that is paying tax within the rules, albeit at 0%. If the rules say you can't work cash in hand to prevent yourself from having a tax liability and you do so then you are breaking the rules.

A distinction between avoidance and evasion is unhelpful. Either you break the law or you don't.

chewmylegoff

Generali wrote: »

Either you break the law or you don't.

erm... isn't that the exact distinction between avoidance and evasion? avoidance is just a word for what you're doing when you're paying into your pension scheme at 0% tax.

Generali

chewmylegoff wrote: »

erm... isn't that the exact distinction between avoidance and evasion? avoidance is just a word for what you're doing when you're paying into your pension scheme at 0% tax.

Yes it is.

It was Mr Clegg that is apparently confused or perhaps (and perhaps more likely) the Daily Mail reporter in the OP's piece.

My opinion also is that the word 'avoidance' is unhelpful as it implies you are a bit shady.

BTW (and this isn't meant to be a criticism of you or anyone else chewmylegoff) is it just me or do increasing numbers of people seem to be posting on here using only lower case?

1984ReturnsForReal_2

Generali wrote: »

Yes it is.

It was Mr Clegg that is apparently confused or perhaps (and perhaps more likely) the Daily Mail reporter in the OP's piece.

My opinion also is that the word 'avoidance' is unhelpful as it implies you are a bit shady.

BTW (and this isn't meant to be a criticism of you or anyone else chewmylegoff) is it just me or do increasing numbers of people seem to be posting on here using only lower case?

They didnt confuse anything. They were quite clear saying they would target both.

Funny that I dont think there is any real intention to change the law so those that will be paying will be those with nothing & make a couple of pound at a carboot....

Degenerate

kabayiri wrote: »

Can anyone here explain the benefits we taxpayers gain from the widespread use of offshore companies, in all their forms?

They just seem an excuse to pay less tax, or hide your earnings.

Do they have a beneficial purpose to the economy?

They facilitate the existence of other nation's economies with which we do trade. I'm pretty sure that if we attempted to ban them, the other 99% of the world's population would think it rather presumptuous and point out we have no jurisdiction. I suppose we could stop them being used for tax avoidance by banning cross-border trade, but even that might backfire on us somewhat...

Degenerate

FTBFun wrote: »

It's actually quite to difficult to minimise income tax for most people, despite the claims often put forward.

NI is the real win for directors of small limited companies. Payable on salaries, not on dividends.

olly300

Generali wrote: »

Yes it is.

It was Mr Clegg that is apparently confused or perhaps (and perhaps more likely) the Daily Mail reporter in the OP's piece.

Mr Clegg in his interview on The Politics Show clearly stated "evasion and avoidance".

So no Journalist is misreporting what he said.

Edited to say: He is clearly trying to win the left of his party back by following Labour stance

olly300

Degenerate wrote: »

NI is the real win for directors of small limited companies. Payable on salaries, not on dividends.

And when those companies get bigger or need help they have to employ people.

Generali

1984ReturnsForReal wrote: »

They didnt confuse anything. They were quite clear saying they would target both.

I don't see how you can target tax avoidance. He seems to be saying he'll target people that follow the rules and those that break the rules.

I think that's the same thing as saying, "I will target everyone" which seems oxymoronic to me.

1984ReturnsForReal_2

Generali wrote: »

I don't see how you can target tax avoidance.

You can't.


They were talking bollox to pacify the union membership.