Is being a tax avoider socially unacceptable?

CLAPTON

TickersPlaysPop wrote: »

Vote with your feet where you can....

Choose small businesses, local companies.... avoid as much as possible the huge multi nationals.

We need a targeted campaign on 1 or 2 high profile companies to bring about change.

Do we all think that anything will change after the election? Where is all the money coming from for the election campaigns?.... and less transparently, look historically at how many MP's end up in board rooms and positions of high pay after their 'public' service.

excellent practical advice

we should all stop buying
-food
-petrol
-gas
-electricity
-supermarkets
-electrical goods
-phones
-broadband
-cars
-computers/pads/printers etc
-houses
-newspapers
-media company offering

jjlandlord

kinger101 wrote: »

Let's be clear on this. Putting money in an ISA, and manipulating your profits through transfer pricing are not the same thing.

It is the same thing as long as they are both legal.

The difference is just the amount of effort one puts into reducing his tax burden.

All companies in the UK use similar tools to try to reduce their tax.

Nikkster

chewmylegoff wrote: »

Do you ever tip someone in cash in a restaurant?

How about when you buy something in a newsagent? Do you insist that they close the till drawer and watch whilst they enter the correct amount so it is properly reflected on the till receipt. What about if you buy something from a market stall? Do you ask to see their VAR return and reconcile the numbers to make sure they have declared all of their income properly?

I think Ed Balls may have been reading this...

Gangaweed

kinger101 wrote: »

Let's be clear on this. Putting money in an ISA, and manipulating your profits through transfer pricing are not the same thing. Tax avoidance usually involves minimising the tax liability by applying the law in a way which was not originally intended when it was drafted.

Transfer pricing is not black and white, there are no definite answers, and if HMRC doesn't challenge then folks will push the boundaries. Its natural.

Nikkster

Nikkster wrote: »

I think Ed Balls may have been reading this...

Excellent observation from the renowned political commentator builder Craig, who was on one of the early series of Big Brother... maybe Ed gets receipts for everything because he's claiming it all back on expenses

antrobus

Nikkster wrote: »

Excellent observation from the renowned political commentator builder Craig, who was on one of the early series of Big Brother... maybe Ed gets receipts for everything because he's claiming it all back on expenses

Apparently he doesn't.:)

Mr Balls claimed £1,610 for cleaners and his wife Yvette Cooper claimed £2,640 for cleaning and gardening,....Mr Balls, in common with his 11 colleagues, did not submit a single receipt for the work done, despite his insistence on Monday that he had obtained receipts for every single cash payment since he entered politics 21 years ago.

http://www.telegraph.co.uk/news/politics/labour/11416788/Ed-Balls-among-12-shadow-cabinet-members-who-claimed-expenses-without-receipts.html

Perhaps he has them all neatly filed away somewhere, and simply wanted to spare IPSA the routine task of checking them.:)

Nikkster

antrobus wrote: »

Apparently he doesn't.:)

Mr Balls claimed £1,610 for cleaners and his wife Yvette Cooper claimed £2,640 for cleaning and gardening,....Mr Balls, in common with his 11 colleagues, did not submit a single receipt for the work done, despite his insistence on Monday that he had obtained receipts for every single cash payment since he entered politics 21 years ago.

http://www.telegraph.co.uk/news/politics/labour/11416788/Ed-Balls-among-12-shadow-cabinet-members-who-claimed-expenses-without-receipts.html

Perhaps he has them all neatly filed away somewhere, and simply wanted to spare IPSA the routine task of checking them.:)

Or maybe he paid by cheque/ card rather than cash so they didn't meet his criteria for insisting on a receipt?

http://www.theguardian.com/politics/2015/feb/17/ed-balls-ask-window-cleaner-receipts-criticised

If he's worried about small businesses not putting things through their books properly, it's a good job we don't also have to worry about people claiming expenses without submitting supporting receipts, isn't it?

Hoopie1

I participate in Venture Capital Trust and Enterprise Development Zone investments. Can someone clarify if this sort of tax avoidance is morally acceptable or not?

chucknorris

Hoopie1 wrote: »

I participate in Venture Capital Trust and Enterprise Development Zone investments. Can someone clarify if this sort of tax avoidance is morally acceptable or not?

Not only morally acceptable, you should also be awarded a medal for bravery!

Hoopie1

chucknorris wrote: »

Not only morally acceptable, you should also be awarded a medal for bravery!

Not according to my financial adviser (he'd better be right, or he's getting sued, I guess).