Jeremy Corbyn omits income from his tax return

[AtW]

Good on you - a business owner who does not take dividends or loans or expenses but pays NI on everything he earns. My hat goes off to you Atw

I don't take loans or expenses.

I do take dividends.

And why should not I take dividends from my business? That's the whole point of business.

I pay all taxes on dividends, even though I could have structure company affairs in such legal way that foreign non-UK revenues would go to offshore company that won't pay any corp tax, whilst the cost base and UK earnings will remain in UK, there won't be corp tax to pay here either, that would be totally legal because no UK revenues would leave UK and there won't be any artificial "royalty" charged by offshore to suck those profits out, all all legal.

By the way, Gidiots removal of dividend tax credit means that dividends from UK companies are taxed at same way as dividends from offshore companies which pay no corp tax.

[DodgyAgent]

I don't take loans or expenses.

I do take dividends.

And why should not I take dividends from my business? That's the whole point of business.

I pay all taxes on dividends, even though I could have structure company affairs in such legal way that foreign non-UK revenues would go to offshore company that won't pay any corp tax, whilst the cost base and UK earnings will remain in UK, there won't be corp tax to pay here either, that would be totally legal because no UK revenues would leave UK and there won't be any artificial "royalty" charged by offshore to suck those profits out, all all legal.

By the way, Gidiots removal of dividend tax credit means that dividends from UK companies are taxed at same way as dividends from offshore companies which pay no corp tax.

So in other words you are a tax avoider

[AtW]

So in other words you are a tax avoider

How is that? Please explain.

[vetran]

So in other words you are a tax avoider

and that is a problem because?

[DodgyAgent]

and that is a problem because?

it is not me that thinks it is a problem it is him

[AtW]

it is not me that thinks it is a problem it is him

But it's you who thinks getting dividends from your UK business that paid corp tax is somehow tax avoidance, please explain it.

[DodgyAgent]

But it's you who thinks getting dividends from your UK business that paid corp tax is somehow tax avoidance, please explain it.

it is. You could quite easily pay yourself a salary and thus pay your dues

[AtW]

it is. You could quite easily pay yourself a salary and thus pay your dues

On what grounds would I pay myself greatly inflated salary instead of dividends?

Why would other shareholders approve top management sucking profits from shareholders, how would it even work if I get my share via higher salary, and then still take my share of dividends from remaining pot???

Why should I adjust my salary on quarterly basis based on profits and seek approval from shareholders to do so?

[FatLazyContractor]

and that is a problem because?

because DA has no option but to pay full tax

[DodgyAgent]

On what grounds would I pay myself greatly inflated salary instead of dividends?

Why would other shareholders approve top management sucking profits from shareholders, how would it even work if I get my share via higher salary, and then still take my share of dividends from remaining pot???

Why should I adjust my salary on quarterly basis based on profits and seek approval from shareholders to do so?

So what is different between what you do and others like Cameron, Miliband, Hodge, Ashcroft etc do? I have an ISA is that OK with you?