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The Boat Race Protestor

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Boat-Race-Protestor-Dead-In-The-Wat.jpg:wink: :wink:

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I didn't have a picture of Boris in the Thames <_< <_< <_<

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I see that Boris has his tax affairs in order and it is Red Ken who is doing the fiddling..... typical socialist! :D

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Asp, you need to drop Ken down a little...... he isn't quite up to his neck in it! :D

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apparently so..... Red Ken pays himself dividends via a limited company and so pays corporation tax rather than income tax; which is less

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Apparently it's quite a common practice in local government circles :wink: :wink:

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It's quite a common practise for the aspiring rich to emulate the rich, and employ Accountants to ensure they pay as little as possible! :wink: :wink:

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Which brings us back to the tax avoidance/evasion question again, tax avoidance being legal but, in some people's opinion, immoral :wink:

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The general thinking is that everyone (from binmen to millionaires) all paid the same rate of tax the actual percentage take per person would be a lot less than it is now. However, the jealousy of the bin man would kick in to demand the millionaire pays more; thus the millionaire employs accountants to ensure he legally pays as little as possible....and the binman pays a higher percentage of his wages to cover the shortfall....

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OR they tighten up the laws, get rid of the loop holes and increase staff in the HMRC to ensure the pips are squeezed out! :wink:

 

but you will never eliminate all of the loopholes.....because if you close one; another is found. Just tax everyone the same and you would get more in

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We're dealing with a game, and the HMRC need the staff and powers to stay on top of it. I was actually waiting for the usual retort, that the rich would skip the Country; if we discount the pop stars, footballers and other celebs, I'm sure anyone who would be missed ,or rather their wealth and assets, could be forfeited prior to departure! :wink: :wink:

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if we discount the pop stars, footballers and other celebs, I'm sure anyone who would be missed ,or rather their wealth and assets, could be forfeited prior to departure! :wink: :wink:

 

Translation please? :unsure: :unsure: :unsure:

 

Actually what we need is a tax system that is simple enough for everyone to understand, fair enough that people will not resent paying it, and levied taking into account the taxpayers wishes that the government is not going to just urinate it against the nearest brick built vertical structure :wink: :wink: :wink:

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The simplest and fairest taxation system would be one based on consumption rather than income or wealth.

 

Sales taxes are MUCH harder to avoid than income taxes, MUCH cheaper to administer because the retailler has to do the collecting on behalf of the government, MUCH greener because they encourage reductions in waste, and MUCH fairer because the rich tend to consume more stuff and more expensive stuff so would pay more.

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Think most of us resent "paying it", especially those aware of the disparity of wealth in this land, who can't afford a firm of accountants to run their tax affairs. The idea, prompted by the Tories, that a tax reduction from 50p to 45p would result in a larger tax take is absolutely stupid. Having set up their tax avoidance schemes, they would be retained whatever the rate is. A more simple system yes, a fairer system - depends from which end of the telescope your looking. They could of course put the HMRC on a percentage of their tax take, which may get them chasing the biggest fish first?! :wink:

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That would have the opposite effect Obs.

 

If you want to land a ton of fish for the minimum effort do you go after the big and clever fish one at a time with a rod and fly, or do you just sweep through a whole shoal of the little ones with a bloody great trawl net?

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