Tax dodging scum

[threaded]

Only poor people pay taxes...

It's only fair.

WHS

[AlfredJPruffock]

The official estimated gap between the £40bn corporation tax collected by HM Revenue & Customs in 2005 and "the theoretical tax liability if all taxpayers complied with the letter and the spirit of the law was somewhere between £3.7bn and £13.7bn.

Heres a thought - thats a load of Wonga - ie between 3 and13 Billion.

Why not let the Jo Public-have-a go take the corporations to Tax Courts on a no-win - no fees basis and see if they can wangle a few billion back ?

Would make excellent Reality TV viewing as well.

[bobspud]

I read somewhere that Philip Green paid himself (or rather his non-domicile wife), a £1.2 billion pound dividend last year. As she's a 'non-dom', not a penny was paid in tax!

Yes thats right. Apparently he was also advised that he could structure the buyout of Arcadia to avoid paying any tax at all but chose to ensure that the company at least payed its corporation tax...

Thats quite nice of him private equity tends to structure their finances to ensure the victim takes on enough debt to put an end to ever paying tax again...

[AlfredJPruffock]

Yes thats right. Apparently he was also advised that he could structure the buyout of Arcadia to avoid paying any tax at all but chose to ensure that the company at least payed its corporation tax...

Thats quite nice of him private equity tends to structure their finances to ensure the victim takes on enough debt to put an end to ever paying tax again...

Nice people , Captains of Industry - get in with the Blairs and you dont care what the taxman says.