Originally posted by Old Greg
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Previously on "He is either a liar, a moron, or being badly misreported"
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Originally posted by Paddy View PostWe do have a written constitution; it is called the ‘Magna Carta’. If the Government, institutions and Courts adhered to it there would be far less trouble. The ‘Magna Carta’ also allows in certain cases for lawful rebellion by citizens. A corrupt Parliament and misuse of finance are just a couple of reasons. Bring your pitch forks to London.
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Originally posted by AtW View PostGood idea.
Unfortunately some rich knuts would still prefer to pay 10% to an offshore firm to avoid paying any tax in UK.
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Why don't they simply tax rich people on over £250k at 20%. that way they wont bother employing complex tax avoidance vehicles and nor will they fart around with the amount of time they spend in the Uk. More tax will be raised - everyone's a winner!
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Originally posted by IR35 Avoider View PostHow about tax relief is only given via the charities themselves, who supply HMRC with a list of donors and donations, and any charity with fewer than 100 separate donors isn't eligible for tax relief?
The alternative would be only allowing approved charities to get tax relief, but that would be bureaucratic. Rather than whitelisting, allow popularity (number of different donors) to indicate which appear to be be genuine charities, then blacklist any of those you have a problem with.
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There are lots of ways to solve it including pursueing people who used false charities for tax evasion which it would certainly be in this case.
Also making all tax returns public would be a good idea.
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I think we should thank the chancellor for alerting us to tax avoidance possibilities us minnows hadn't previously considered.
So if I set up an overseas charity (who presumably have no obligation to tell the UK government who they employ, what they pay them, and how they spend the rest of their money) then I can currently donate any amount of money to the charity, and that money won't be taxed in the UK?
To put it another way, there's nothing stopping me from creating my own personal financial black hole that will swallow all my taxable income and UK government has no way of knowing what becomes of it?
I get giddy just thinking about the possibilities....
More seriously I don't think the 25% limit is enough of a clamp-down, to be honest.
How about tax relief is only given via the charities themselves, who supply HMRC with a list of donors and donations, and any charity with fewer than 100 separate donors isn't eligible for tax relief?
The alternative would be only allowing approved charities to get tax relief, but that would be bureaucratic. Rather than whitelisting, allow popularity (number of different donors) to indicate which appear to be be genuine charities, then blacklist any of those you have a problem with.Last edited by IR35 Avoider; 11 April 2012, 11:20.
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Originally posted by DodgyAgent View PostAnd here we have a bunch of people who are highly paid who have a history of tax avoidance berating the chancellor and the rich for being party to it all The irony of it.
I thought Ken Livingstone was the only hypocrite until I read this thread.
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And here we have a bunch of people who are highly paid who have a history of tax avoidance berating the chancellor and the rich for being party to it all The irony of it.
I thought Ken Livingstone was the only hypocrite until I read this thread.
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