Reply to: Brexit Bill expected tomorrow.

[AtW]

Write to Philip Hammond and suggest it.

I would have better result writing to Putin and asking him to turn himself into Hague

Also I don't like begging (ok to whine though)

[SueEllen]

I know how it is, I am talking about how it should be - tax on dividends should be taken regardless of where shareholder is located, double taxation agreements will allow them to offset this tax, the only people who will be fooked are those who used offshore companies - which is nice.

This would help reduce overall dividend tax rate

Write to Philip Hammond and suggest it.

[AtW]

Offshoring is primarily used by individuals, not companies.

Companies tend to use profit transfer which is slowly being caught up with.

If you receive dividends then you have to meet the tax implications as it is your personal income and no-one else's. You pay tax according to the jurisdiction in which you are deemed resident at the time. If you're in the UK then you are subject to UK tax law.

I know how it is, I am talking about how it should be - tax on dividends should be taken regardless of where shareholder is located, double taxation agreements will allow them to offset this tax, the only people who will be fooked are those who used offshore companies - which is nice.

This would help reduce overall dividend tax rate

[GB9]

PM for SASGURU

People who have liquid assets that don't lose a lot of value overnight (ie shares) will be able to make a lot of money from Brexit.

sasguru will double or maybe even triple his wealth, enough to have a nice retirement in Portugal, living like a King in a nice mansion...

sasguru triples his wealth and buys a castle in Portugal.

Bee, watch out. He's coming for you!!!

[GB9]

Tax on company profits and tax on dividends are different things - if company reinvests profits then there is no extra tax, if not then why not take tax from declared dividends regardless who is the shareholder? This way big loophole of using offshore company is closed dead

Offshoring is primarily used by individuals, not companies.

Companies tend to use profit transfer which is slowly being caught up with.

If you receive dividends then you have to meet the tax implications as it is your personal income and no-one else's. You pay tax according to the jurisdiction in which you are deemed resident at the time. If you're in the UK then you are subject to UK tax law.

[AtW]

The companies have already paid tax themselves. Paying a tax on the dividend at source would effectively be more tax on the company.

The tax on the dividend to individuals is because it is part of their income. That's how tax works in this country.

Tax on company profits and tax on dividends are different things - if company reinvests profits then there is no extra tax, if not then why not take tax from declared dividends regardless who is the shareholder? This way big loophole of using offshore company is closed dead

[Bee]

People who have liquid assets that don't lose a lot of value overnight (ie shares) will be able to make a lot of money from Brexit.

sasguru will double or maybe even triple his wealth, enough to have a nice retirement in Portugal, living like a King in a nice mansion...

Hey, hang on.....whaattt!!!

[GB9]

Yes, UK tax on dividends paid by UK companies, why can't it be taken at source regardless of where shareholder is living? That would be fair - making money from UK company, then pay some tax, however the system only very heavily now taxes those who choose to stay in country, and allowing those who have fooked off to pay 0%, or just make shareholder a company in Isle of Man and collect the money as you please later.

Obviously UK Govt is choosing to fook over locals because they ain't got anywhere to go, which will be especially true after Brexit.

The companies have already paid tax themselves. Paying a tax on the dividend at source would effectively be more tax on the company.

The tax on the dividend to individuals is because it is part of their income. That's how tax works in this country.

[tomtomagain]

All hail to sasguru.................a legend in his own lunchtime. Tell us what to do oh great one!!

He was kind enough to post repeatedly that he's shifted his savings into CHF/USD.

Obviously he did this after sterling fell against, rather than before.

There is of course a chance that sterling will continue to depreciate but it is also equally possible that it will not and it will in fact strengthen against other currencies.

It would be churlish to take any sort of enjoyment in the recovery of sterling and I would expect restraint from the CUKer's should that be the case.

[AtW]

It's a UK tax.........

Yes, UK tax on dividends paid by UK companies, why can't it be taken at source regardless of where shareholder is living? That would be fair - making money from UK company, then pay some tax, however the system only very heavily now taxes those who choose to stay in country, and allowing those who have fooked off to pay 0%, or just make shareholder a company in Isle of Man and collect the money as you please later.

Obviously UK Govt is choosing to fook over locals because they ain't got anywhere to go, which will be especially true after Brexit.

[GB9]

And then they decided to increase tax on dividends for UK tax residents, ffs, it would have been fair to tax ALL DIVIDENDS, regardless if the shareholder in UK or not - common practice in many countries, then the tax on dividends could have been much lower for ALL.

It's a UK tax.........

[shaunbhoy]

sasguru will double or maybe even triple his wealth, enough to have a tumbledown "project" in Portugal, living like a Big Issue seller in some hovel...

ftfy

[AtW]

Until the Treasury realised not enough tax was being paid into government coffers.

And then they decided to increase tax on dividends for UK tax residents, ffs, it would have been fair to tax ALL DIVIDENDS, regardless if the shareholder in UK or not - common practice in many countries, then the tax on dividends could have been much lower for ALL.

[AtW]

All we need to do is get sasguru to agree to hold seminars on how to become colossally wealthy under any given set of circumstances.

People who have liquid assets that don't lose a lot of value overnight (ie shares) will be able to make a lot of money from Brexit.

sasguru will double or maybe even triple his wealth, enough to have a nice retirement in Portugal, living like a King in a nice mansion...

[shaunbhoy]

Even when forced to involve Parliament they've done the teeny tiniest amount, and it looks certain they'll be able to seamlessly carry out the democratic wishes of the majority of the Electorate at last.

ftfy