The Mudcat Café TM
Thread #104214   Message #2139458
Posted By: Folkiedave
03-Sep-07 - 04:47 AM
Thread Name: BS: Why are they leaving the UK?
Subject: RE: BS: Why are they leaving the UK?
Now just to hammer logic a bit if a tax loophole exists it exists for the rich and poor alike - True?

What a naive and simplistic view of life you have Teribus.

As carefully explained to you (but clearly not carefully enough) they are not available to rich and poor alike. So the answer to that is - not true.

Let me try and get that through to you again in the hopes that this time around you understand it.

If you are taxed at source by your employer as the lower paid tend to be, then you are unable to avoid tax. The rich almost invariably have income that is not taxed at source and so they can avoid tax. Geddit?

As far the Vestey Empire is concerned - it was a British company whose profits were remitted to the UK. Had the profits stayed in Argentina they may have been taxed on them - but they didn't, they sent them back here because they weren't paying any tax here - remember?

The only advantage the Argentinians got from it was paid (and taxed probably) employment. The ships were flagged UK - Liverpool as I remember. They didn't have to flag them in low tax, low safety countries - they weren't paying tax in the UK - remember?

They spent some of their untaxed profits on a £15 million pile called Stowell Park in Gloucestershire. Do you think they did that so they didn't live in the UK? Do you believe people who live in the UK should pay tax in the UK on their income? And if not would you tell me how I can avoid doing it?

Where money is made in most irrelevant in most tax regimes. Rich people just declare they live in another country - where the tax regime is lowest - like Philip Green and a host of other city financiers do - they live in Monaco. Again that option is not available to the low-paid. But you clearly think it is, since you believe tax aviodance is something both the rich and poor can do!!

It isn't a case of failing to collect tax that is due - it is clever accountants who spend their life dreaming up schemes for the rich to avoid tax.

As for the source of my quote I am fed up of doing your research for you - go seek it out yourself. You might learn something to avoid the nonsense you spout whilst doing so.

As for posting crap do you sincerely believe that the rich don't spend time and money trying to avoid tax via routes not available to the low-paid? So who do you think puts the billions into off-shore accounts? The low-paid?