Originally posted by rootsnall
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: Shrinking tax base
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "Shrinking tax base"
Collapse
-
Originally posted by Robinho View PostThe main problem isn't so much how we tax, it's the level of tax revenues the gov needs to receive, thanks to entitlement spending, interest payments and pretendy austerity.
However, if you want a tax that is fair, almost impossible to avoid or offshore and doesn't distort the market, then the land value tax it is.
Leave a comment:
-
Originally posted by Robinho View PostBut there would be no scope for avoidance because the tax code would be so simple. They say it's 11,000 pages at the minute. Dunno if that's true or not but whatever it is it's ridiculously complicated.
With each new tax regulation it took over 100 years to reach 2500 pages. Then Gordon doubled the size of it.
It was like writing a sequel.
Leave a comment:
-
Originally posted by vetran View Postyes but how do you make it evasion?
The lawyers make sure its avoidance. Have a look at the tax affairs of Mr Tetrapak, we pay him to live here and its all legal.
Leave a comment:
-
Originally posted by Robinho View PostLawyers are good for tax avoidance, but they can't get you round evasion, so would be of little help here.
The lawyers make sure its avoidance. Have a look at the tax affairs of Mr Tetrapak, we pay him to live here and its all legal.
Leave a comment:
-
Originally posted by vetran View Postthey would, they have better lawyers, its the real problem with taxation only the little people pay it.
yes and then the relevant company would respond by getting the action ruled as illegal by the EU or similar.
Knee jerk sloutions tend not to work.
Leave a comment:
-
Originally posted by Paddy View PostAnd why do I pay more than double Council Tax than Westminster residents?
Westminster City Council - Council tax bands and rates
Westminster chief: We're sorry for Dame Shirley and 'homes for votes' - News - London Evening Standard
Leave a comment:
-
Originally posted by Robinho View PostThey wouldn't be legally avoiding it.
If an offshore owns the house, then simply say, if you don't pay tax, we are repoing it until you do. The tenants would just be the irrelevant middle-men.
yes and then the relevant company would respond by getting the action ruled as illegal by the EU or similar.
Knee jerk sloutions tend not to work.
Leave a comment:
-
Originally posted by vetran View PostThey can't even get council tax right.
I pay about 10% less than someone with a house worth 30 times my homes value. (2nd to top band)
more people in prison due to council tax than income tax.
Massive rise in council tax arrears | Money | guardian.co.uk
half the rich don't pay council tax anyway, their estates are owned by offshore organisations, don't tell me we are going to get them to pay. Their lawyers are better than ours.
VAT is the tax you want, on everything 0 value up. Paid on imports before it reaches customs.
Large companies can claim it against their corporation tax bill.
Small UK companies can claim it back partially.
we can then vary to encourage UK manufacture.
20% of everything, lovely chubbly.
Westminster City Council - Council tax bands and rates
Leave a comment:
-
Originally posted by vetran View Postwhy when they are legally avoiding it?
I assume we just take your money from your ISA? After all you paid no tax on it.
Magna Carta etc stopped that sort of thing.
If an offshore owns the house, then simply say, if you don't pay tax, we are repoing it until you do. The tenants would just be the irrelevant middle-men.
Leave a comment:
-
Originally posted by Robinho View PostThat's alright, just kick them out of their house if they don't pay.
Simples.
I assume we just take your money from your ISA? After all you paid no tax on it.
Magna Carta etc stopped that sort of thing.
Leave a comment:
-
Originally posted by vetran View Posthalf the rich don't pay council tax anyway, their estates are owned by offshore organisations, don't tell me we are going to get them to pay. Their lawyers are better than ours.
Simples.
Leave a comment:
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: