General Chat

The rich and their tax loopholes is always a great way for politicians to point the finger?

The poor unworthy scroungers who pray on the benefit system is the other great way for politicians to point the finger?

If people want the rich to pay their taxes then STOP believing politicians who blaming loopholes in the tax system

The truth is that loophole do NOT exist

The tax legislation does not have LOOPHOLES

The tax legislation only has EXEMPTIONS

These exemptions are their because the POLITICIANS put them their and then they blame these rich people with these top accountants for finding these exemptions,

You do not have to be rich and employ top accountants to find these exemptions you only need to read up on tax law

but you do need to be rich enough to be able to take advantage or these exemptions

Roy

Danny Alexander in June:

The basic rate of tax could be cut by more than 2p if everybody paid what they owed to the state, Danny Alexander suggested today.


The Treasury Chief Secretary said everyone else had to pick up the tab when the wealthy avoided their obligations.

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I suppose I could say 'What's 2p in the £ to me, I work 37hrs a week and earn exactly what I earned 9 years ago!! - basically a pittance.

However, 2p in the £ for many people could be the difference between having to claim one of the various benefits, or not.
...and where do the benefits come from? Taxes paid by honest people, not those who avoid paying tax.

...so who's in favour of paying tax on behalf of those wealthy enough to avoid it?

Just been announced by a government spokesperson that 'those who pay cash to tradesmen in return for a discount' are contributing to tax evasion by the tradesmen.


Probably not as bad as the exremely wealthy (just how much does one person need to live on?) stashing their money in offshore accounts. But the government's 'on their case'.

I wonder who will be exposed first - the very wealthy or the window cleaner?

Quite so maggiewinchester re cash to avoid VAT

How many of us have tried that? Quite a few, OH and I included!

If folk were being truly honest I am guessing there'd be very few who haven't paid cash at one time or another for a job or a service x

I can imagine my window cleaner's face if I said I wanted to pay with a credit card.

Gwynne

I can only imagine the face of a window cleaner. Haven't seen one in this area for years.

I almost always pay the small job man in cash and confessi I once and only once paid for a fairly big job in cash too to my (on behalf of my daughter) advantage.

I proimise to pay penance for that.

Vera

A friend of mine works for the 'Inland Revenue' (guess someone has to lol) and managed to have the outside of his house painted 'for free' :-). He had accepted the quote of a tradesman and assumed that on completion of the job, he would be presented with the final invoice. Instead of which, the chap knocked on the door and basically asked for cash for the job. When my friend asked for an invoice and explained that as he worked for the Inland Revenue he wouldn't be able to settle in cash, the guy disappeared pretty quick, muttering that he would of course return with the bill and yes a cheque would be fine. He was never seen again lol. I guess he was one of the guys that the government are trying to pin down.

I find it rich that a PM has made a statement like that,
They have very short memories about their fiddling of expenses, they were dipping their slimy GREEDY hands in the honey pot.

I wonder how many in the government try to avoid paying tax.?

george

George, your comment

I wonder how many in the government try to avoid paying tax.?

Answer= the majority

http://blogs.telegraph.co.uk/finance/ianmcowie/100009953/why-should-mps-be-exempt-from-new-law-to-block-tax-avoidance/

Roy

.......then they try to put the moral pressure on the majority of us, who are struggling to survive!!!!

If we had a decent wage (perhaps paid for by firms not having to double their last years profit before they declare they have made a profit) there would be no need for tax credits etc.and the insurmountable cost of the admin!!

As Father Ted said: "The money was just resting in my account".