Loan Charge on BBC front page : the general version

[AtW]

If some poor immigrants who could not have possibly known about crazy UK tax laws were scammed by “scheme providers” then I would believe they had no clue.

Any UK tax payer who paid tax at 40% level would know full well what is the high rate of tax in this country - you can’t fooking miss it. When I first started working in this country I got charged 40% as “emergency tax rate” - I have learnt about it even before I earned enough to pay it, you can’t miss 40% tax if you ever earned enough to pay it.

How many of these “scheme users” did not know about 40-45% tax? It can’t be anything other than close to 0%.

Therefore they all knew what they were doing - engaging in “tax avoidance” scheme AKA fooking over the taxpayers.

If they had any brains they would at the very least obtain Certificate of Tax Deposit to hedge against obvious risk of being caught.

So in addition to being very greedy they were also very stupid.

P.S. They are double morons for agreeing to pay percentage based fee - if it was all legal, why did it require payment of an effective tax? It should have been fixed cost legal opinion if it was legit in the first place.

[AtW]

P.P.S. And accepting being paid in “loans”, that so obviously stay on the books and therefore easy target, how moronic is that?

How can this stupidity be explained by other than greed???

[AtW]

And this is what the BBC should have written - as a public service to educate people.

[stonehenge]

It looks like some schemes are now using cryptocurrencies instead of loans.