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Reply to: Tax Rates
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Previously on "Tax Rates"
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Don't have a brolly, don't have a Ltd either. I'm a Freiberufler - a Freelance Professional
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Originally posted by PhoenixDo you live on that Pikey estate up the road?
Yes, Rebecca is withheld at source (with the exception of the last year calculation which is normally like 1 month salary that goes off in taxes which you can avoid - it's rather complicated actually) but you can get a credit at the end of the year which will be very valuable as long as you don't have the immediate need for it. Yes, some countries can do without that because the tax evasion has been historically very low, I wonder if they only introduced that in Italy or in UK what would happen...
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yes Franco but do you have tax withheld at source for permies in Italy? In many European countries, it is not (unlike the UK), and therefore as easy to cheat if you're a permie as if you're a contractor
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Originally posted by FranckoIf you think that if you are a permie you cannot fraud taxes you should have a trip to Italy. I have heard of so many strategies... simulating a marriage separation and let the wife take the residenceship somewhere else, fake support of some invalid members of your family , charity work and donations to some business owned by relatives and so on....
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Originally posted by BlasterBatesQuoi
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...aha Brolly on 70% interesting is this within or oustide IR35?
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Tax Rates
27in a brolly and take approx 60%3.70%1in a brolly and take approx 70%14.81%4only wufftas use brollies22.22%6have a Ltd and take 80%29.63%8have a Ltd and take 85%3.70%1in jail for tax evasion11.11%3on social security7.41%2a permie wermie7.41%2So who's got the biggest take after tax.Last edited by BlasterBates; 12 January 2006, 14:56.
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