Reply to: High Earners 'Will Dodge New 50p Tax Rate'

[AtW]

Little companies don't.

Indeed, and it's a bit tulipy to say the least.

[Moscow Mule]

If you are the sole director, and live & work in the UK, even if the company is registered in France, Hector will want to tax you.

Why do you have to be in different places? Irish Ltd will bill (like it does for Google UK) and declare there profits pay low corporate tax and pay you dividends as owner of that Ltd who lives in the UK.

Big companies certainly get away with it.

Little companies don't.

[AtW]

Aside from one person only being able to be in one place at a time, I can see no flaws in that whatsoever.

Why do you have to be in different places? Irish Ltd will bill (like it does for Google UK) and declare there profits pay low corporate tax and pay you dividends as owner of that Ltd who lives in the UK.

Big companies certainly get away with it.

[Moscow Mule]

Why can't you have Ltd in Ireland which will bill end client here and pay you as another local Ltd subcidiary for doing the services? That's how Google UK operates.

Aside from one person only being able to be in one place at a time, I can see no flaws in that whatsoever.

[AlfredJPruffock]

UK should issue war bonds. Get the Middle East guys invest in a war with the Middle East. It makes perfect sense. In a New Labour way.

We don't want to fight - but by Jingo if we do ...

[ThomasSoerensen]

As Hitler once said

'It as well for the Leaders that the people cannot think'

PS War in Iran anybody ?

UK should issue war bonds. Get the Middle East guys invest in a war with the Middle East. It makes perfect sense. In a New Labour way.

[AtW]

The domicile (I think that's the correct term) of a company depends where the direction and control of the company comes from.

“Search giant Google has been accused of avoiding UK tax by routing most of its earnings through Ireland. This means it saves about £100m a year by paying Irish corporation tax at 12.5 per cent rather than the 28 per cent it would face in the UK.

British advertisers send their money to Google’s Irish subsidiary, an arrangement that has been described as unfair and unacceptable.

This means that even though Google UK turned over £1.25bn in the UK it paid only £600,000 in UK corporation tax - 90 per cent of its earnings were channeled through Ireland.”

http://blog.freshegg.com/google-accu...tax-dodge_920/

[AlfredJPruffock]

Of course. Darling is not stupid. He just depends on stupid people to vote for his party.

As Hitler once said

'It as well for the Leaders that the people cannot think'

PS War in Iran anybody ?

[AtW]

You can't be a one man-band working here and be incorporated overseas.

Why can't you have Ltd in Ireland which will bill end client here and pay you as another local Ltd subcidiary for doing the services? That's how Google UK operates.

[ThomasSoerensen]

Have you no faith in our Politicians ?

Is there no end to your cynicism ?



Alistair Darling need have no personal worries about the 50p tax rate he has introduced, because his cabinet minister's salary is under the parapet, at £141,866

Of course. Darling is not stupid. He just depends on stupid people to vote for his party.

[AlfredJPruffock]

Is it a coincidence that the £150k threshhold happens to be slightly more than what a government minister earns.

Have you no faith in our Politicians ?

Is there no end to your cynicism ?



Alistair Darling need have no personal worries about the 50p tax rate he has introduced, because his cabinet minister's salary is under the parapet, at £141,866

[Moscow Mule]

Why not? Here I'm thinking of a one-man-band doing something else, such as opening a bookshop as a Plan B for semi-retirement.

The domicile (I think that's the correct term) of a company depends where the direction and control of the company comes from.

If you are the sole director, and live & work in the UK, even if the company is registered in France, Hector will want to tax you.

[Sysman]

You can't be a one man-band working here and be incorporated overseas.

Why not? Here I'm thinking of a one-man-band doing something else, such as opening a bookshop as a Plan B for semi-retirement.

[Mich the Tester]

You miss the point. These dudes will not change their work pattern, style or attitude. It will be a device to avoid paying tax, true monday to friday syndrome

Not until they're confronted with a recession and increased competition for a limited number of contracts; that's when the real entrepreneurs get going and the permatractors go back to permying. Net result is still that lots of new businesses get off the ground.

[Moscow Mule]

not if they incorporate overseas...

You can't be a one man-band working here and be incorporated overseas.