Gordo's action against "artificial" companies

[Churchill]

Oi SallyAnne, would you mind paying my share of tax?

[wendigo100]

Sorry SA, but anyone now saying we should be happy to pay more taxes must be a bit of a mug. You'll learn.

[SallyAnne]

**"when I was a permie civil servant."

So the job you do now which is so different to that of a permie civil servant, does it entail going on site using the skills you picked up as a permie civil servant and working along side permies, who depending on the client, might well be permie civil servants.

No. The job I do now is completely different. I provide a reporting solution to companies. I didn't learn any of this in the civil service. I dont work alongside permies either. Nice try though.

"**Quite well - I'd love to see the figures on how much extra tax he's captured."

And so would we, but the IR are unable to give us this information. The PMG has been asked this in the house but could not answer it.

Hmmm thats disappointing. I wonder why?

[Euro-commuter]

This doesn't take into account of other secondary taxes, such as NI, council tax, fuel duty, VED, inheritance tax, stamp duty, cap gains etc does it?

It counts income tax and employee NI or other "social security taxes", as a percentage of personal income.

Here is the chart, if you Google oecd tax bit you'll get to the right areas. The chart shows that the figures quoted are for "a married one earner couple with two children, at the wage of the average production worker".

Figures are also available from the OECD on total income tax bite, i.e. the same with employer's contributions included; and for total tax grab as a percentage of GDP. I could Google for them, or you could Google for them.

The figures you need obviously depend on what you need them for:
1. how heavily a salary is taxed,
2. how heavily a person's real income is taxed,
3. how heavily the country's economy is taxed.
4. not to mention how heavily you are taxed, which I suspect is all that conerns some of the people on here.
Though as SA says a more important question is how the money is spent.

[Burdock]

Sorry SA, but anyone now saying we should be happy to pay more taxes must be a bit of a mug. You'll learn.

There's nothing wrong with paying tax, and perhaps more tax, if it is being spent correctly and efficiently. Socialism is not a dirty word! It is a good thing. So I think SA's beliefs are well-founded, rather than her being a mug.

The question is whether tax is being spent correctly.

[SallyAnne]

I can only hope you were being tongue-in-cheek.

I was you idiots.

And I fancied a bit of a fight to pass the time.

[wonderwaif]

I was you idiots.

And I fancied a bit of a fight to pass the time.

Wind-up of the week SA. Well done.

[SallyAnne]

The higher you raise your bar-ri-errs
The less tax I will pay...

[SallyAnne]

Now a contractor for EDS/ CAP GEM...... You (SA) probably are!

How dare you

[Tool]

Hi SA,

I assume you run a ltd.
The best way in your case would be to keep a few cash in your company for your expenses (accountant, etc.) and to pay all the rest as a salary. This is, I think, the best way to maximize your tax liabilities.

You will then probably be very happy, when you look at the final figure.

If you ever need to "expend" your business later, you can always introduce some capital in your ltd with your after-tax money.

HTH