Income Tax Avoidance

A board for news and views on what's happening in the world

Income Tax Avoidance

Postby AliasAggers » 21 Aug 2017, 13:03

I see (or rather, read) that many high paid BBC people are avoiding paying income tax
by having their salaries paid In such a way that they avoid paying any. It appears that
this practice of tax avoidance is not illegal, which I find rather strange. Why isn't it?
Could it be that the people who's responsibility it is to pass the necessary legislation
might find themselves out-of-pocket it this was done? As someone who throughout my
working life - and as a pensioner - have always been required to pay income tax, I am
somewhat annoyed that these sorts of tax-evading schemes are allowed.
There are no strangers here; Only friends you haven't yet met.
User avatar
AliasAggers
 
Posts: 1568
Joined: 17 Sep 2016, 12:22
Location: West Midlands

Re: Income Tax Avoidance

Postby manxie » 21 Aug 2017, 15:28

You only get these perks if you are a friend of the government and/or rich.

Us commoners are the ones who just make them rich and greedy.

You nor I have any chance of doing it ever

Manxie xx
manxie
 
Posts: 421
Joined: 28 Nov 2012, 19:34

Re: Income Tax Avoidance

Postby cromwell » 21 Aug 2017, 17:43

Especially annoying when the bbc said they were going to stop paying people this way five years since.
"Facts do not cease to exist because they are ignored" - Aldous Huxley
cromwell
 
Posts: 9157
Joined: 26 Nov 2012, 12:46
Location: Wakefield, West Yorkshire.

Re: Income Tax Avoidance

Postby TheOstrich » 21 Aug 2017, 19:01

HMR&C are clamping down on tax avoidance schemes, but they are so varied - and prolific - it's like trying to run through treacle to catch them all. A lot of the problem is that tax legislation is simply too complex; it really needs a complete re-write.
User avatar
TheOstrich
 
Posts: 7582
Joined: 29 Nov 2012, 20:18
Location: North Dorset

Re: Income Tax Avoidance

Postby Suff » 21 Aug 2017, 19:39

Come on now, the HMRC tax return for small businesses has a section for reporting "approved" tax avoidance schemes.....

These schemes exist because the UK has downsized from large traditional companies to smaller, more flexible, service orientated businesses. This happened in Maggie's time.

Instead of just giving huge subsidies to a smaller number of firms, the Government allows "tax avoidance" to a large number of smaller businesses.

All you are seeing with the BBC employees is abuse (or use), of these schemes to reduce tax to very low levels.

That is why it's legal and why people do it.
There are 10 types of people in the world:
Those who understand Binary and those who do not.
User avatar
Suff
 
Posts: 10785
Joined: 26 Nov 2012, 08:35

Re: Income Tax Avoidance

Postby AliasAggers » 23 Aug 2017, 10:06

Well, that explains it Suff.

Just another reason for me to think that this
thing called democracy is nothing but a farce.
There are no strangers here; Only friends you haven't yet met.
User avatar
AliasAggers
 
Posts: 1568
Joined: 17 Sep 2016, 12:22
Location: West Midlands

Re: Income Tax Avoidance

Postby medsec222 » 23 Aug 2017, 12:11

Pensioners are taxed quick enough if they try to earn a few extra pounds to supplement their pensions.
User avatar
medsec222
 
Posts: 987
Joined: 05 Feb 2013, 18:14


Return to News and Current Affairs

Who is online

Users browsing this forum: No registered users and 47 guests