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 Post subject: Re: Paradise tax news
PostPosted: Tue Nov 07, 2017 10:55 am 
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Location: Big Red, Australia
goff wrote:
Spider wrote:
I think for the most part, despite all the hype, none of the people & organisations have done nothing illegal. This is the way the 'system' has been set up by law makers and so these people are working within these laws.

I think morally though, there may well be a different argument or view point.

While not enshrined in law, I feel that every company has an obligation to also be a good corporate citizen too. It raises the bar and sets certain standards.


Spider these people have no MORALS !!!!!!


You must be referring to Unilever then?


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 Post subject: Re: Paradise tax news
PostPosted: Tue Nov 07, 2017 1:00 pm 
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Posts: 254
Goff hit the nail on the head.
However if the shoe was on the other foot would we be any better? I think that we'd all like to say yes, but that's a hypothetical and easy answer, (please don't read this as support for what's going on in any way shape or form its not).
The small person is always the one that gets hit the hardest.


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 Post subject: Re: Paradise tax news
PostPosted: Tue Nov 07, 2017 1:09 pm 
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Location: Solihull, UK
Its just the tip of the iceberg. They are all at it, every large company, every premiership footballer, filmstars, 'celebs'; you name it. They are called loop holes for the reason they can be exploited.

But as said these are the ones who bring in the most taxable income if they weren't offshore, so it just helps the rich get richer.


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 Post subject: Re: Paradise tax news
PostPosted: Tue Nov 07, 2017 1:35 pm 
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Posts: 631
rpb203 wrote:
Goff hit the nail on the head.
However if the shoe was on the other foot would we be any better? I think that we'd all like to say yes, but that's a hypothetical and easy answer, (please don't read this as support for what's going on in any way shape or form its not).
The small person is always the one that gets hit the hardest.


Gary , I know i have morals that's why i never made a fortune and i think you have too ,
They are greedy bastards , the more they get the more they want ,not happy with a few £1000,000,000, which they could not spend in a life time ,Its another world out there and we don't know half.


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 Post subject: Re: Paradise tax news
PostPosted: Tue Nov 07, 2017 1:44 pm 
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How Lewis Hamilton got a £3.3million VAT refund on his private jet......
http://www.bbc.co.uk/news/uk-41886607


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 Post subject: Re: Paradise tax news
PostPosted: Tue Nov 07, 2017 5:06 pm 
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Location: Aberdeen Scotland
mab01uk wrote:
How Lewis Hamilton got a £3.3million VAT refund on his private jet......
http://www.bbc.co.uk/news/uk-41886607

Ridiculous. Legal loophole or not it's sheer greed. He will continue to earn millions long after he stops racing, what justification can there be, apart from some corporate accountant earning a fat wedge for "optimising" his tax expenditure. Difficult for a normal person to figure out why this happens, even more difficult to see the likes of Boris Becker losing his vast fortune. My accountant jumps down my throat if I submit a receipt for something he doesn't consider fully justifiable for the business, not talking private jets here, only a few quid on tools and such like.


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 Post subject: Re: Paradise tax news
PostPosted: Wed Nov 08, 2017 9:03 am 
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Joined: Wed Apr 20, 2011 6:51 pm
Posts: 120
I take a slightly different view on this , the average person as part of a group =the taxpayer employ Public servants to take care of their affairs and I place responsibility for these loopholes squarely on the shoulders of these Public servants , they fabricate the tax laws and clearly they don't do a decent job when some clever accountant finds the loophole for his client , unfortunately morals don't come into it as all one has to do is look at the behaviour of the Banking sector in the past .they behaved recklessly and when the house of cards came tumbling down the average guy on the street had to pick up the pieces . put simply if there were no loopholes there would be no abuse .
G


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 Post subject: Re: Paradise tax news
PostPosted: Wed Nov 08, 2017 9:42 am 
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Joined: Fri Jan 15, 2016 1:22 pm
Posts: 154
Irlmin .. you are 100% correct.


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 Post subject: Re: Paradise tax news
PostPosted: Wed Nov 08, 2017 9:56 am 
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Location: Big Red, Australia
irlmin wrote:
. put simply if there were no loopholes there would be no abuse .
G


One person's ' loophole ' is another's legal rights within the law.

They only seemed to get called ' loopholes ' by people not using them. I cottoned on to some of these ' loopholes ' as a young kid and made my mind up then and there, not to work for 'the man' but for myself to legally use some of these ' loopholes ' and also have (for the most part) a life style that I wanted and not what work 'would allow'. It's not easy and it's not for everyone. I am well at the point (and beyond) where I just yearn for a job where all I need do is 2 things in the day, one is to show up and the other is to go home. Anything in between is purely optional. ' Loopholes ' also exist and are used buy people working for wages too.

I've had a few clients point out who much 'money I make' (bahahahahaha) and mutter under their breath what ever,,, I take delight in pointing the door out to them and letting them know there's nothing in the world stopping them walking out through that door today and walking back in, doing exactly what ever it is I do, tomorrow, making the 'same money'. Same goes for anyone and also in regards to these high flyers who use these ' loopholes '.

As much as we all may want to call out those who are using the tax havens and 'loopholes' there is nothing legally what so ever stop any of us jumping on this band wagon. If you envy this lot, then join them.

I think - in principal - most people don't object to paying their fair share of tax and contributing. I think what many of us do object to is those who can clearly afford to well pay their share and don't.

Also, some of these people to don't pay their share of tax, contribute in other ways as they see fit (not as dictated by the 'system). quite a few of them are well know philanthropists, well off ones, by contributors in their own way.


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