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

[swede]

Fantastic article.

Lord Flight: Retrospective, arbitrary, unfair. Problems with the Finance Act | Conservative Home

Brilliantly put!!!

[centurian]

Brilliantly put!!!

Yes, he did put it well.

However, he does have a highly vested interest - chairman of EISA - an association promoting the use of EIS investments, which are now attracting a reputation for being the next big thing in aggressive tax avoidance.

He also seems to have a "loony" reputation, even within the Tories - was slammed for saying something like "cuts will encourage the poor to breed".

So while his comments probably don't hurt, I wouldn't get overly excited, because he comments can (and probably are) being quickly dismissed. What you really need is someone a bit more mainstream to say something similar. Who knows, maybe this will spur someone else on.

[weetbix]

Post # 6193 on this thread (page 620) has the link

http://forums.contractoruk.com/accou...ml#post1955148


This the article to which the post refers:

Why should MPs be exempt from new law to block tax avoidance? – Telegraph Blogs

great thanks.

[honeyridges]

Donation made

Happy to continue supporting the campaign - keep up the good work.

[Rob79]

Yes, he did put it well.

However, he does have a highly vested interest - chairman of EISA - an association promoting the use of EIS investments, which are now attracting a reputation for being the next big thing in aggressive tax avoidance.

He also seems to have a "loony" reputation, even within the Tories - was slammed for saying something like "cuts will encourage the poor to breed".

So while his comments probably don't hurt, I wouldn't get overly excited, because he comments can (and probably are) being quickly dismissed. What you really need is someone a bit more mainstream to say something similar. Who knows, maybe this will spur someone else on.

I have no particular opinion about Lord Flight other than to observe he's hardly somebody the Government listen to.

Why do you think EIS is "the next big thing in aggressive tax avoidance"?

EIS has been around in various forms for a long time. Presently there is a consultation going on which on the one hand will prevent the scheme from being used to double dip HMG subsidy and/or provide a "guaranteed" return, but otherwise is looking to expand the ways in which an investment can be made.

There are some concerns but hardly a rush to block investment because it's used for tax avoidance.

Do you have any evidence of your claim please?

I ask because I've been asked to input ideas and observations into the consultation as part of the "user panel" and as I have a vested interest in keeping out of the scheme those who would abuse it and encourage those who use it for the right reasons, any grist for the mill is welcome. Thanks.

(And, no, I'm not about to advertise for investors to join an EIS, I'm really just interested in the above question).

[BrilloPad]

I have no particular opinion about Lord Flight other than to observe he's hardly somebody the Government listen to.

Why do you think EIS is "the next big thing in aggressive tax avoidance"?

EIS has been around in various forms for a long time. Presently there is a consultation going on which on the one hand will prevent the scheme from being used to double dip HMG subsidy and/or provide a "guaranteed" return, but otherwise is looking to expand the ways in which an investment can be made.

There are some concerns but hardly a rush to block investment because it's used for tax avoidance.

Do you have any evidence of your claim please?

I ask because I've been asked to input ideas and observations into the consultation as part of the "user panel" and as I have a vested interest in keeping out of the scheme those who would abuse it and encourage those who use it for the right reasons, any grist for the mill is welcome. Thanks.

(And, no, I'm not about to advertise for investors to join an EIS, I'm really just interested in the above question).

I don't think this thread is the right place to discuss your questions.

[SantaClaus]

I don't think this thread is the right place to discuss your questions.

I'm still puzzled whether Rob is trying to help or hinder us, or just lonely and wants a chat.

[d000hg]

I was thinking about starting a campaign on 38 Degrees regarding this..... "Any new legislation should equally apply to politicians as well as to their constituents. ".

What do people think?

Sorry to go on a tangent (mods split to General if you think better) but where did this law come from in the first place? It seems unlikely it was initially done for cynical reasons - because it sounds SO dodgy even the electorate would've noticed - but based on a reasonable principle, but if so what was it?

[Rob79]

I'm still puzzled whether Rob is trying to help or hinder us, or just lonely and wants a chat.

Fair enough about the EIS - quietly dropped.

[BrilloPad]

Sorry to go on a tangent (mods split to General if you think better) but where did this law come from in the first place? It seems unlikely it was initially done for cynical reasons - because it sounds SO dodgy even the electorate would've noticed - but based on a reasonable principle, but if so what was it?

I am also interested in this - but feel this thread should stick to the point. Feel free to start a thread in general or a/l? Post a link to the thread from here?

Fair enough about the EIS - quietly dropped.

You could start a seperate thread in accountancy/legal on it - or PM the original poster.