Business leaders back spending cuts

[Sysman]

Bollox - financial director's job is to ensure company has got sound finance (ie cashflow), money don't get stolen etc.

It would be a dereliction of their financial duty of they didn't claim what they are entitled to against tax.

What everyone seems to forget is that many of the so-called "tax avoidance schemes" were in fact deliberately enacted to encourage investment in specific sectors of the economy.

TESSAs, ISAs, tax relief on mortgages?

[lilelvis2000]

I watched that Dispatches last night too. A great many Tories are saying one thing and doing another.

[AtW]

It would be a dereliction of their financial duty of they didn't claim what they are entitled to against tax.

If they don't claim VAT that they are owed then yes, it can be dereliction of their duty, however it is not dereliction to refuse to take part in dodgy schemes involving lots of offshore companies.

[SupremeSpod]

If they don't claim VAT that they are owed then yes, it can be dereliction of their duty, however it is not dereliction to refuse to take part in dodgy schemes involving lots of offshore companies.

Nothing Dodgy about it. If the mechanism is there, exploit it.

[HairyArsedBloke]

I watched that Dispatches last night too.

HAB Inc's old offices were in one shot. So was HAB's local. HAB's home was just missed.

[Doggy Styles]

It has always been a financial director's job to minimise tax exposure

Bollox - ...

I think you'll find you are wrong there AtW.

Minimising tax liability is definitely on the menu.

[AtW]

Nothing Dodgy about it. If the mechanism is there, exploit it.

The point is that it's not their job to do it - nobody would make FD go to jail or lose job if they refuse to use dodgy tax schemes that involve outside countries.

[AlfredJPruffock]

Of course they back spending cuts. It saves the government from having to come after them for the wholesale tax avoidance schemes most of them are pulling. I'm sure I read a figure of upto £12bn a year avoided by large UK based corporations through the use of blatant corporation tax avoidance schemes.

This Tory government are corrupt scum.

It is only the Private Sector which can create genuine new Jobs which in turn enriches the Nation - the Public Sector is bloated due to NLs social engineering - now - take your medicene !

[HairyArsedBloke]

It is only the Private Sector which can create genuine new Jobs which in turn enriches the Nation - the Public Sector is bloated due to NLs social engineering - now - take your medicene !

Amen, brother.

[original PM]

well of course the business leaders are going to want to be seen kissing the arses of the current government - just as they were seen kissing the arses of the last government.

It is nothing to do with policy it is all to do with personal gain.

And of course the couldn't give a fig that the cost savings will cause people to be short of cash they are alright so they do not care.

I do not care one way or the other - the rich will get richer, the poor will get poorer and those in the middle will normally manage to get by.

But lets not think any of this is to do with people actually agreeing with what other people are saying.