Venezuela about to go down the tubes...a lesson for Corbyn and the Labour Party perhaps?

Not when the tax dodgers have members of goverment in tax havens changing laws to facilitate even more tax dodging. Remember that next time a hospital is closed down due to lack of funds, or if someone steals your car as there is not enough plod around to act as a deterrent due to police cuts.
Really? Really?
 

DaManBugs

LE
Book Reviewer
Not when the tax dodgers have members of goverment in tax havens changing laws to facilitate even more tax dodging. Remember that next time a hospital is closed down due to lack of funds, or if someone steals your car as there is not enough plod around to act as a deterrent due to police cuts.
It's not just that. The remarkably low taxes they (the privileged classes) pay are also supplemented by further goodies, such as grants, lower utility prices, special "deals" (like building a public road extra so that Amazon opens a warehouse in Wales) and all manner of stuff like that. Which it's been conservatively estimated adds up to around £95 billion a year.

Added to that, PwC, Deloitte and all the rest of the creepy shysters maintaining huge departments to advise the rich on how to avoid tax also send (and pay) their own folks to work for HMSC, allegedly "advising" but in reality actually writing the tax laws. And that's because the personnel strength of HMSC has been reduced by around 61 percent since 2008. One hand washing the other, and all that.

Why not make it simpler? Firstly, get rid of all the "sweetheart deals" for the oil companies and all the rest of the scroungers. Then, no tax on earnings up to £20,000, 30 percent up to £60,000. Anything over that gets taxed at 65 percent, regardless of where it's earned. If it adds to your fortune, it gets taxed. That way there'd be a lot more in the public kitty for the NHS, firefighters, the Old Bill, mental and old-age healthcare, etc.

MsG
 
(like building a public road extra so that Amazon opens a warehouse in Wales)
Utter tosh. The Welsh LABOUR government are very good at doing very bad deals. I have a list if you wish to see them. It is all to do with the socialist Labour lot being very very bad at business to run a country.
Learn how Wales is run, it's scary.

EDIT removed "the" from before Wales. The Wales? There is nice boyo.
 
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It's not just that. The remarkably low taxes they (the privileged classes) pay are also supplemented by further goodies, such as grants, lower utility prices, special "deals" (like building a public road extra so that Amazon opens a warehouse in Wales) and all manner of stuff like that. Which it's been conservatively estimated adds up to around £95 billion a year.

Added to that, PwC, Deloitte and all the rest of the creepy shysters maintaining huge departments to advise the rich on how to avoid tax also send (and pay) their own folks to work for HMSC, allegedly "advising" but in reality actually writing the tax laws. And that's because the personnel strength of HMSC has been reduced by around 61 percent since 2008. One hand washing the other, and all that.

Why not make it simpler? Firstly, get rid of all the "sweetheart deals" for the oil companies and all the rest of the scroungers. Then, no tax on earnings up to £20,000, 30 percent up to £60,000. Anything over that gets taxed at 65 percent, regardless of where it's earned. If it adds to your fortune, it gets taxed. That way there'd be a lot more in the public kitty for the NHS, firefighters, the Old Bill, mental and old-age healthcare, etc.

MsG
Regardless of where it's earned? So for example; a person who is born in the UK but whom lives and works abroad must still pay taxes to the UK? That kinda thing?
 
Not when the tax dodgers have members of goverment in tax havens changing laws to facilitate even more tax dodging. Remember that next time a hospital is closed down due to lack of funds, or if someone steals your car as there is not enough plod around to act as a deterrent due to police cuts.
Not dodging tax, they are paying what is legally due - Now show us all where any crime or illegal act has taken place rather than spouting platitudes......Still nothing, thought not.
 
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Utter tosh. The Welsh LABOUR government are very good at doing very bad deals. I have a list if you wish to see them. It is all to do with the socialist Labour lot being very very bad at business to run a country.
Learn how the Wales is run, it's scary.
Run?? limped more like
 
Given the new tax powers of the WG, I shall be finding ways to avoid paying said tax. The ideas so far are 6th form finger in the air what can we get away with flawed ideas.
I'll just pass the buck to my accountant - that's his job after all :)
 

DaManBugs

LE
Book Reviewer
Regardless of where it's earned? So for example; a person who is born in the UK but whom lives and works abroad must still pay taxes to the UK? That kinda thing?
Why not? That's the way the Septics do it. Ask Boris Johnson.

MsG
 
Why not? That's the way the Septics do it. Ask Boris Johnson.

MsG
Dunno about that tbh. However, as I'm not besties with BoJo, perhaps you'd care to elaborate for me?
 

DaManBugs

LE
Book Reviewer
Dunno about that tbh. However, as I'm not besties with BoJo, perhaps you'd care to elaborate for me?
Sure. See here: Boris Johnson - Wikipedia and click on "Citizenship". Wherever Septics work in the world, they have to pay taxes in the US. I'm not sure of the history of how that happened, but it still applies.

MsG
 
Sure. See here: Boris Johnson - Wikipedia and click on "Citizenship". Wherever Septics work in the world, they have to pay taxes in the US. I'm not sure of the history of how that happened, but it still applies.

MsG
Interesting. I too would be interested to see as to how the US enforces this. I don't pretend to know any where near enough about international finance and tax laws to offer a cogent counter view point, but it does surprise me (or does it, coming from the US). Hopefully; someone more knowledgeable on the subject can shed some light upon it for us both.
 
Regardless of where it's earned? So for example; a person who is born in the UK but whom lives and works abroad must still pay taxes to the UK? That kinda thing?
Partly true, I think.

It used to be the case that if you didn't spend more than a certain number of days in the UK during any financial year then you didn't have to pay UK tax.

Fair enough, if you're not using the services, why should you be paying for them? It did lead to abuses like one enterprising soul who chartered a private jet and flew it out over the Atlantic to get the extra day out of the UK that he needed to avoid paying tax.

All these arguments about tax avoidance and loopholes beg the question, why didn't Labour do anything about it when they were in power for 13 years? IIRC, Gordon Brown as Chancellor and PM managed to add over 10,000 pages of legislation to our tax laws. Not one of them dealt significantly with the issues that Labour are now complaining about.
 
Interesting. I too would be interested to see as to how the US enforces this. I don't pretend to know any where near enough about international finance and tax laws to offer a cogent counter view point, but it does surprise me (or does it, coming from the US). Hopefully; someone more knowledgeable on the subject can shed some light upon it for us both.
So what he is saying is that person A working for Snograss and Son will PAYE to the UK and at the same time pay tax to the US. How does the US know what they are earning. Having watched a number of US TV shows they seem to have to collect receipts for what they have spent the money on (never quite understood that so may have got that wrong) and can claim back TAX on them. Can't see it working myself.
 
So what he is saying is that person A working for Snograss and Son will PAYE to the UK and at the same time pay tax to the US. How does the US know what they are earning. Having watched a number of US TV shows they seem to have to collect receipts for what they have spent the money on (never quite understood that so may have got that wrong) and can claim back TAX on them. Can't see it working myself.
Which is what I said. And why I asked about some one more knowledgeable on the subject to comment mate.
 
I worked with an expatriate Yank in Oz many years ago, and he said the US "encouraged" citizens in his situation to pay a one percent tithe to the US. He didn't, and was an occasional visitor back to Texas to visit family etc.
But that was decades ago, so I've no idea if it's still the case.
 
I worked with an expatriate Yank in Oz many years ago, and he said the US "encouraged" citizens in his situation to pay a one percent tithe to the US. He didn't, and was an occasional visitor back to Texas to visit family etc.
But that was decades ago, so I've no idea if it's still the case.
Well paying 1% to the country of your birth, is hardly in what's keeping with what Bugsy is suggesting then? Especially, if it's voluntary contributions that Uncle Sam is looking for.
 
It's true, US Citizens are supposed to submit a tax return every year regardless of where in the world they live and are taxed on their worldwide earnings. Their US tax liability, however, is offset by any foreign tax that they pay, so a US expat in the UK, for example, is extremely unlikely to have to pay anything.
If they don't submit their annual tax return, things get very complicated when they return to the US.
 
Do you mean these wealth classes!
I'm looking forward to watching Panorama tonight!

Paradise Papers leak reveals secrets of the world elite's hidden wealth
My, you really don't have much of a clue about anything, do you.

God help us if you are the type teaching kids in the future, because they'll barely be able to spell their name but will know all about ranting about people richer than they are.

Especially when the teacher is a hypocrite planning on buggering of to earn big bucks whilst not paying UK taxes on these big bucks, just like the people who have done nothing illegal but dare to have more money than the hypocrite teacher....
 

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