Effective solution to tax evasion aka "avoidance"

[cailin maith]

No No No!

The government should be clear about the rules. If this new coalition don't like the old rules they can change them for the future. If there is abiguity then that is their fault for not thinking it through and making the intention clear in the first place.

Indeed and as in the case of BN66, they should not be allowed to fanny around for 7 years before finally deciding on an argument as to why a "scheme" breaks the rules.

[AtW]

Oi, you naughty nun - repent your sins or it's ze killswitch!!!

[cailin maith]

Oi, you naughty nun - repent your sins or it's ze killswitch!!!

This fembot is rebelling!

[AtW]

Indeed and as in the case of BN66, they should not be allowed to fanny around for 7 years before finally deciding on an argument as to why a "scheme" breaks the rules.

They are not going to waste time and money trying to prove conclusively why every new scheme is illegal - that's very expensive, so what they do (very logically) is focus on schemes that became popular: as soon as tax loss reaches certain threshold they HAVE TO take some action.

It can take years to collect data on what is actual loss from particular scheme and it can take years for scheme to become popular, mainstream and that's when HMRC has to take action which may take some years also, that's how you arrive to 6-7 years.

[AtW]

This fembot is rebelling!

It's fine by me so long as you look like Six

[cailin maith]

They are not going to waste time and money trying to prove conclusively why every new scheme is illegal - that's very expensive, so what they do (very logically) is focus on schemes that became popular: as soon as tax loss reaches certain threshold they HAVE TO take some action.

It can take years to collect data on what is actual loss from particular scheme and it can take years for scheme to become popular, mainstream and that's when HMRC has to take action which may take some years also, that's how you arrive to 6-7 years.

Bollocks - when they have been given all details in the very beginning? Why should it take 7 years? And in any case 7 years for them to dream up of a reason (a not very good reason at that?!) is total bollocks.

Just because they don't like it - doesn't mean it's illegal. It means that whoever drafted the legislation in the beginning was an ejit.

It's fine by me so long as you look like Six

She doesn't look like a nun.

[RichardCranium]

It's fine by me so long as you look like Six

Give a bachelor a flat and he thinks he's Hugh Hefner.




(Says RC speaking from experience.)

[AtW]

Bollocks - when they have been given all details in the very beginning? Why should it take 7 years? And in any case 7 years for them to dream up of a reason (a not very good reason at that?!) is total bollocks.

No, it's not bollocks - they need at least few years to estimate tax loss from a scheme to decide if they want to focus very expensive resources to determine if it's illegal or not, then it can take few more years to actually put things in motion.

This lag is part of the system - partly due to its inefficiency, but partly due to creating uncertainty that would hopefully prevent in the future people from allowing their greed to take over their common sense.

What's bollock is having one man band Ltd who expects to pay feck all tax by using some obscure offshore arrangement.

She doesn't look like a nun.

She is just wearing her off-duty dress

[AtW]

Give a bachelor a flat and he thinks he's Hugh Hefner.(Says RC speaking from experience.)

Larry Flynt

I hope I'll get that sniper before he gets me - pity UK laws mean that I'll have to use colourful language for that

[cailin maith]

No, it's not bollocks - they need at least few years to estimate tax loss from a scheme to decide if they want to focus very expensive resources to determine if it's illegal or not, then it can take few more years to actually put things in motion.

This lag is part of the system - partly due to its inefficiency, but partly due to creating uncertainty that would hopefully prevent in the future people from allowing their greed to take over their common sense.

What's bollock is having one man band Ltd who expects to pay feck all tax by using some obscure offshore arrangement.

Nope, I'm still not buying that it takes 7 years to close a loophole. How long does it take for a Civil Servant to draft some legislation?

I kinda feel like I'm pissing into the wind with this conversation

So shall we just agree to disagree? or we could just agree that I'm totally right!