Reply to: Britons still spending like drunkards?

[BrilloPad]

I will happily fight HMRC on levels terms. Prospective law changes are fine. Retrospective is not.

Anyway not a great deal I can do at this stage. No savings. So they can do what they want.

[ZARDOZ]

Nothing to do with envy.
Its poor judgement to take home what some of those schemes were offering. Also greedy IMO.
I would always have the niggling feeling that I would get done one day and so they have.

WSS

It was a dodgy gamble that didn't pay off. It's time to pay up and not coward out. You don't mess with HMRC.

[Robinho]

Blame fractional reserve banking.

A system almost designed to create debt bubbles.

[nomadd]

Despite the crisis, Britons are still spending like drunkards - Telegraph

I'm still sticking tenners down young girls knickers.*

Mind you, I'm not always drunk when doing so.

I will continue to help the UK economy in this manner for as long as I can.

(* 18+, before the perves start up. )

[sasguru]

So you're advocating paying more tax than necessary?

When does tax avoidance become greed, immoral, unfair?

Usually when the next man is getting more than you are.

Isn't that envy?

Nothing to do with envy.
Its poor judgement to take home what some of those schemes were offering. Also greedy IMO.
I would always have the niggling feeling that I would get done one day and so they have.

[Platypus]

So your greed had nothing to do with it?

So you're advocating paying more tax than necessary?

When does tax avoidance become greed, immoral, unfair?

Usually when the next man is getting more than you are.

Isn't that envy?

[sasguru]

Its only the government who will not get their money. And as they introduced retrospecive tax legislation (the UK is one of only 5 countries in the world who allow this) then tough luck.

If people are not treated fairly they will not behave themselves.

So your greed had nothing to do with it?

[d000hg]

If it's not retrospective tax you're not going to end up owing then that's just vigilante Robin Hoodism. Just admit you want to shaft them, don't try and paint it as some form of morality!

[BrilloPad]

So you intend to shaft a few people.

Its only the government who will not get their money. And as they introduced retrospecive tax legislation (the UK is one of only 5 countries in the world who allow this) then tough luck.

If people are not treated fairly they will not behave themselves.

[alreadypacked]

In the City, they call it a “false market”. This occurs when erroneous information, often deliberately circulated, becomes the basis for investors’ decisions.

I have said for a long time that property in the UK is over priced.

What we have witnessed is inter-generational theft. In leaving today’s newborn babies with ballooning debts, unfunded pensions and a dysfunctional housing market, we have stolen their future and rendered ourselves morally bankrupt.

[ZARDOZ]

I intend to go down owing the maximum.

So you intend to shaft a few people. Nice. Not worried they will send you to prison?


PS how can a high earning contractor have no savings? Especially one that hasn't been paying much tax.

[d000hg]

If we're spending, why is there a recession... I thought the whole point was that we get economic problems when we stop spending and this causes a spiral effect.

[BrilloPad]

What is the S58 thing? Is that the offshore loan scheme that IIRC you were involved with?

Thats the one. With the retrospective legislation. My mortgage is about the value of my house. I have no savings. Though I still have a job. Interesting times ahead for me with HMRC.

A dose of hyper inflation would do me alot of good - though I accept that for the overall economy it would be bad.

[Platypus]

What is the S58 thing? Is that the offshore loan scheme that IIRC you were involved with?

[BrilloPad]

OK, serious point...



Should we all vote Labour and hang the future?

I'm getting to an age now when free state money, a fat pension, etc. is very appealing. I've paid enough tax, maybe it's time to grab what I can back for myself.

Whadya think?

I am not entirely convinced that from this point Labour would do much different to conservative.

With the s58 thing I am in the happy position of going bankrupt before too long - and I intend to go down owing the maximum.