London mayoral candidates publish tax records

chewmylegoff

Yes Ken does, but Boris doesn't which is what was being talked about

Generali

chewmylegoff wrote: »

Yes Ken does, but Boris doesn't which is what was being talked about

D'oh!

tartanterra

http://www.bbc.co.uk/news/uk-politics-17642736

Chancellor George Osborne says he would be "very happy" for the government to consider publishing the personal tax returns of senior cabinet ministers.

Strange one this.

First we find out that Red Ken is indulging something that he calls others "b*stards" for doing, then we have the Tory party leading the calls for publishing ministers tax affairs.

Labour seem to be very quiet on the issue. Wonder why.

http://www.dailymail.co.uk/news/article-2093272/21K-day-David-Miliband-exploits-tax-loophole-Government-pledged-close.html

David Miliband is channelling his earnings of up to £21,000 a day through a controversial tax loophole his own Government vowed to close.

I think this is just the beginning. Expect a lot more politicians to be caught out in the next few weeks.

A._Badger

[QUOTE=tartanterra;52332505Expect_a_lot_more_politicians_to_be_caught_out_in_the_next_few_weeks.[/QUOTE]

Why am I not surprised?

tartanterra

A._Badger wrote: »

Why am I not surprised?

This is going to be like a slow motion car crash. It looks like Labour's elite have been taking tax advice from Harry Redknapp's dog.:doh:

misskool

more importantly, will the unbiased bbc cover this?

heathcote123

Generali wrote: »

D'oh!

You get a gold star for that one!

heathcote123

tartanterra wrote: »

I think this is just the beginning. Expect a lot more politicians to be caught out in the next few weeks.

Good. Should hopefully be far more damaging to labour than the tories.

heathcote123

chewmylegoff wrote: »

I don't think he does use a company, and I think he has specifically denied doing so. At the same time operating as an unincorporated sole trader doesn't result in his full income becoming immediately taxable as other poster suggested as a sole trader can offset relevant expenses against their taxable income.

Yes sorry the point I was getting at is that the profit (rather than income, my bad) becomes taxable in that year. (or at least I think it does, this is why I pay an accountant!)

You can't, for example, do as you may with a ltd co... eg earn 300k, pay 20% on it and then pay yourself 30k divs tax free free for 10 years.

Which might be a good plan for a politician about to retire...

Sophie22

boris mental ha ha