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#71
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In article ,
Bill Wright wrote: It all goes back to the image of the "evil" tax collectors of the crown or empire extorting money from the peasants. In percentage terms a mediaeval surf paid less tax than a modern surf (ie me and thee). Not disputing that. Would you like a list of the services now provided by the state via taxation that didn't exist then? -- *No matter how much you push the envelope, it'll still be stationery* Dave Plowman London SW To e-mail, change noise into sound. |
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#72
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In article , Robin
wrote: IIRC we'd need first to the repudiate the ECHR (and hence exit the EU). Mmmmmm....if only. Afraid it isn't clear to my why that would be needed. OT warning: this is more about the boring tax stuff. Let's suppose someone comes up with a scheme for aerial riggers to avoid tax. (Some should of course be exempt from tax altogether for services to Usenet but that's a separate issue.) The scheme starts with the rigger selling his vans, ladders, meters and other plant and machinery to a bank and leasing them back. (Any similarity to schemes actually used in the past is purely coincidental.) You seem to think legislation could stop the rigger doing so until HMRC has passed the scheme. But Article 1 of the ECHR gives the rigger the right to the peaceful enjoyment of his possessions (which includes selling them). No. He'd be free to sell things. Just not to expect this to have any affect on his tax unless said scheme was accepted in advance by HMRC for that purpose. 'Leasing' the equivalent of what he 'sold' could be a scam. Of course if the 'leasing' was costing him far more than simply buying, then his income would fall and we'd have to get the tax from the company 'leasing' him the equipment as we taxed their UK revenue from this. If the rigger wants to reduce his income to pay less tax accordingly and have someone else make the profit, I guess that is his choice. Seems a weird sign of being almost paranoid about not paying tax, though. Cutting his own throat. But it is his throat, I suppose... :-) While the Article does allow states to control the use of property to secure the payment of taxes, IIRC that is thought not to permit a blanket ban on genuine sales unless and until "passed" by the state. Ah "genuine", eh? Wonder how he'd establish that in advance with HMRC in such a case... Many things can be said by lawyers to be "thought". That doesn't make them all 'true' though. Lawyers are like dice, are they not?[1]... You pay them, and they give you the "thought" that suits you... :-) Let's suppose the scheme to reduce the tax burden on aerial riggers is dreamt up by a Hong Kong bank. They advertise it on their website - hosted on Hong Kong servers. I cannot see how UK legislation can stop them doing that. Nor can we stop a UK aerial rigger seeing it. And we can't prosecute a HK bank for selling intellectual property to the UK - eg sending an email to the rigger. But the idea is that UK rigger can't "buy" the scheme and **use** it for tax purposes withough HMRC having accepted in advance that the scheme is acceptable to HMRC as a legitimate one in tax terms. Nothing stops him from paying ther Hong Kong bank, and them taking his money, though. Just that he would not be allowed to benefit from it in tax terms *unless and until* HMRC had accepted such a scheme was OK. So we have to make it illegal (a criminal offence?) for the aerial rigger to buy advice on how to manage his business tax-efficiently unless HMRC has sanctioned that advice in advance? Nope. People can buy whatever "advice" they wish. Their problem is when the advice is a crock, the sellers won't indemnify them against that, and hide the fact that the scheme won't work. The government doesn't have to prevent the greedy and stupid from "always" wasting their money. :-) Quite apart from the ECHR, fundamental freedoms etc , HMRC would collapse under the weight of all those pre-transaction clearances. ahem Maybe the fact that those who wanted to get such schemes approved would have to *pay HMRC* for the approval process might help with the fear of a log-jam here. :-) They pay up-front, and lose the payment if the scheme is eventually refused. Their choice. They payments would create employment as HMRC took on people to assess all the submitted schemes - paid for by those submitting them. The rest of us could even make a profit in terms of lower tax due to the income from such payments. What a terrible outcome. :-) But if you think your scheme might run there is a new review of a GAAR which I expect will be open for suggestions in the new year http://www.hmrc.gov.uk/budget-updates/gaar.htm I doubt I'm the first person to suggest such ideas. I also doubt the goverment would do it. But I think the reason they won't is that the rich and powerful would make it hard for them to do so. There is a curious overlap between "off shore tax dodging", "owning newspapers that tell people who to vote for", and "bankrolling politicians". IIRC there was a recent Tory Party treasurer who also became a Lord... Did he ever pay UK tax as his mates said he would?... Or did they just obfuscate and play word-games about it for a decade or so?... Funny old world, eh? :-) Slainte, Jim [1] I assume you have read "The Devil's Dictionary". :-) -- Please use the address on the audiomisc page if you wish to email me. Electronics http://www.st-and.ac.uk/~www_pa/Scot...o/electron.htm Armstrong Audio http://www.audiomisc.co.uk/Armstrong/armstrong.html Audio Misc http://www.audiomisc.co.uk/index.html |
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#73
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Do you think it's OK for someone to exploit a "loophole" that enables them
to buy something, without breaking any laws, at a low price, when the same thing is available at higher prices elsewhere? Rod. This actually happens, see :- http://en.wikipedia.org/wiki/Value-A...hannel_Islands The upshot is that many mainland UK based music & video shops have been put out of business by the likes of play.com expoiting this loophole. CDs & videos imported in bulk to the UK, are shipped to the Channel Islands so that they can be re-shipped back to the UK. |
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#74
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Incidentally, if anyone knows an easy way to close the "loopholes" without
buggering the economy then HM Treasury and HMRC would be happy to engage them - and most if not all fiscs from OECD member states will be in the queue. Prior to her death the Queen Mother argued with Treasury officials that her estate ( estimated @ £250-300 million ) should not have inheritance tax imposed on it. She said that it was for the benefit of her grandchildren and great grandchildren. Surely HM Treasury could just have said "F**k off!" It would'nt have needed any legislation to be passed. No prizes for guessing what actually happened. One law for the rich etc. |
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#75
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In article ,
alanp wrote: Incidentally, if anyone knows an easy way to close the "loopholes" without buggering the economy then HM Treasury and HMRC would be happy to engage them - and most if not all fiscs from OECD member states will be in the queue. Prior to her death the Queen Mother argued with Treasury officials that her estate ( estimated @ £250-300 million ) should not have inheritance tax imposed on it. She said that it was for the benefit of her grandchildren and great grandchildren. Surely HM Treasury could just have said "F**k off!" It would'nt have needed any legislation to be passed. No prizes for guessing what actually happened. One law for the rich etc. and where is the reference for this story? -- From KT24 Using a RISC OS computer running v5.16 |
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#76
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On Fri, 17 Dec 2010 16:43:39 +0000, Bill Wright wrote:
Furthermore, I do not 'whinge'. I complain. That's another of those irregular verbs minister. I complain, you whinge... Yes, thankyou Bernard. |
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#77
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Jim Lesurf wrote:
In article , Bill Wright wrote: J G Miller wrote: On Fri, 17 Dec 2010 14:13:12 +0000, Mark wrote: Taxation should not be avoided Everybody, no matter what level of income, always tends to avoid paying more tax that is required by law. We have a moral duty so to do, because the state wastes money, thus the more tax that's paid the poorer the nation becomes. How fortunate we all are that the Banks, and big companies like those who run the railways, etc, never ever waste any money. :-) They do, of course, inevitably. But I find private industry far more canny with their money than any state-backed outfit. And I think I'm in a fairly good position to generalise. Bill |
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#78
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On Saturday, December 18th, 2010 at 10:35:54h +0000, Jim Lesurf wrote:
When I now tell you I don't have a car you'll know how weird I am. 8-] You drive a pick-up truck instead? Probably with bull bars and a gun rack in the back. Nothing weird about that, especially for the wild boonies of Scotland. |
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#79
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On Saturday, December 18th, 2010 at 10:31:22h +0000, Richard Tobin wrote:
I don't want the state to waste money, but when they do it doesn't generally make "the nation" poorer, it just redistributes it in ways that we may not agree with. This is just so true. Consider the case of welfare families being paid to live in very expensive houses. Probably these very expensive houses would be much less likely to be occupied and so less likely to generate revenue for the wealthy people who own them. Therefore the councils are doing these wealthy people a financial favor by paying money to them in the form of rent. Now after the Great Oktober Socialist Revolution, the wealthy aristocracy had to share their mansions with the ordinary needy people. You never see Buckingham Palace with all of its empty rooms being opened up to the desperate homeless in the freezing cold in the middle of winter, do you? |
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#80
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On Sat, 18 Dec 2010 15:00:30 +0000, Bill Wright wrote:
But I find private industry far more canny with their money than any state-backed outfit. As the great personal wealth generated by Jack Abramoff and Bernie Madoff demonstrates. |
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