No To Retro Tax – Campaign Against Section 58 Finance Act 2008

[Shropshire Lad]

Sorry my fight is wavering, I'm not seeing the woods for the trees anymore.
So how on earth can we convince anyone outside we are right?

The vast majority of us don't know how this weird and wonderful country works and are not able to truly judge progress or failure from any of these events. Just don't forget that we have been singled out for retrospective action when the rich and famous just get a slap on the wrist. This action was brought about by years of incompetance and then lies. Whatever the outcome us bunch of cats now have a very good shepherd and are being herded in the right direction. We have to believe that there will be some sort of justice and the chances have increased tenfold with NTRT.

[WelshRarebit]

The amendment was a probing amendment and as such was not tabled to be voted on, but to stimulate discussion on the subject, gauge support and to get the government to show their stance in more detail. In that the objective was successful.

The NTRT campaign has longer term objectives that we as infantry are not party to nor should we be. The NTRT team are the strategists and generals in this and our job is to wait until called upon to respond with the next phase of our assault.

The amendment shouldnt be seen by anyone as a failure. That's what they will want you to believe. The MP's letter was designed to get you to give up by trying to indicate we are getting nowhere. Noone said this was going to be easy. But we have to be persistant and determined. The content of the letter will be noted and acted upon if necessary.

We must be patient. Time will bring this thing to the right conclusion.

Edit: in the time it took me to write my response I see many have already responded.

[smalldog]

Just to add a more upbeat statement, I received a letter from my MP last week. I believe that he is speaking for both himself and another MP I met with recently.

[I]I fully endorse the stance they have taken [Mills et al] and I believe that they have made a compelling case against the retrospective nature of this legislation. Please be assured of my continuing support in this matter and do not hesitate to contact me again if I can be of further assistance in this

I should add that the meetings I had were before the amendment was tabled, but we discussed the tabling of the amendment. We all agreed that it was unlikely to go anywhere. However, that doesn't mean support for us is not there. It's given some who were going to bash us anyway another peg to hang their hat on, but realistically as far as they were concerned, it's made no difference.

Oyb That's a breath of fresh air! Nice to see the other side

[smalldog]

You are thinking too much, and it will do your head in.

Leave the strategy to Whitehouse.

We just need to send the letters when we are asked to.

Dr I know logical thought can be a dangerous thing in politics, difficult to cap my thinking sometimes!

And on that note I'm cool to pay further towards the cause so can u pm me how I can further contribute, think its time!

[DonkeyRhubarb]

The amendment was a probing amendment and as such was not tabled to be voted on, but to stimulate discussion on the subject, gauge support and to get the government to show their stance in more detail. In that the objective was successful.

The NTRT campaign has longer term objectives that we as infantry are not party to nor should we be. The NTRT team are the strategists and generals in this and our job is to wait until called upon to respond with the next phase of our assault.

The amendment shouldnt be seen by anyone as a failure. That's what they will want you to believe. The MP's letter was designed to get you to give up by trying to indicate we are getting nowhere. Noone said this was going to be easy. But we have to be persistant and determined. The content of the letter will be noted and acted upon if necessary.

We must be patient. Time will bring this thing to the right conclusion.

Edit: in the time it took me to write my response I see many have already responded.

WHS

A quick look at Whitehouse's client list shows we're in good hands.

The Whitehouse Consultancy | Specialists in public and parliamentary affairs | OUR CLIENTS

[the great escape]

response from my MP below after me chasing him again a couple of weeks ago..

Dear Mr xxx,

Thank you for contacting me about Section 58 of the Finance Act 2008.

British residents are taxable on their income wherever it arises across the globe, including through foreign partnerships. Section 58 was introduced in order to help put this beyond any doubt and it is a reasonable response to a wholly artificial tax avoidance scheme. It clarified existing legislation and therefore has not affected any UK taxpayer’s tax position. The Government does not have any plans to change this.

A proposed amendment to the Finance Bill, that the Chancellor of the Exchequer shall review the implementation of section 58 of the Finance Act 2008, and the impact of its retrospective nature on the taxpayers involved, was withdrawn. I know this may not be the answer you were hoping to hear, but it is important that the UK collects the tax it is owed by its citizens.

Thank you again for taking the time to contact me.

Yours sincerely,



xxx MP
(Dictated by xxx and sent on his behalf)

Write back to him and ask if it's important that they also collect tax from Mr Carr and Mr Barlow using the K2 avoidance scheme.

[swede]

Utter cobblers.

... and therefore has not affected any UK taxpayer’s tax position.

Seriously? If he was right, why would we care, or be bothering them? Idiot.

[SantaClaus]

Seriously? If he was right, why would we care, or be bothering them? Idiot.

At the same time ask him if the treasury are going to collect the £223 trillion defrauded by Barclays:

The Biggest Banking Scam Ever - Yahoo! Finance UK

"According to one estimate, around $350 trillion (£223 trillion) of lending and derivatives is priced off Libor. That’s enough to pay for the whole of UK Government spending for around three centuries at current levels. Thus, if misconduct by banks caused Libor to increase by a mere one tenth of one basis point (0.001%), this amounts to $35 billion (£22 billion) a year in extra interest – that’s roughly the UK’s annual budget for transport and close to as much as council tax brought in last year."

[FredBasset]

Not defending them in any way but I've yet to see any compelling evidence that they always manipulated the rate upwards, if they made it go down then we all paid less. I'm not impressed but if Section 58 has taught us anything its that the politicians and civil servants bend the truth sometimes to fit their agenda and we should be less quick to judge others. Its very useful for Whitehall to paint the blame for the financial crisis but they had as big a hand in it as the banks.

As an example Barclays is getting all the publicity but why single out one of 20 banks that are believed to be involved first and not name them all at the same time.

Just my 0.02p

I'm mostly a lurker but as I've posted thanks to all involved with NTRT and the efforts they are making. Quite happy to chip in again when needed.

Regards
Fred

[Disgusted of Coventry]

...
Section 58 was introduced in order to help put this beyond any doubt [...]. It clarified existing legislation and therefore has not affected any UK taxpayer’s tax position.
...

HMRC's Advanced Linguistics Laboratories have been working round the clock to achieve this.

Looks like they've finally proved the existence of the 'Bollox Particle'.