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George Osborne's family company has paid no tax for seven years
- Thread starter kevo
- Start date
crookie
Well-known member
We're all in it together eh George !!??
gregbrighton
New member
Tory fecking hypocrites!
Creaky
Well-known member
Don't see the problem 
If the company wants to use all its profits by paying higher salaries then the Treasury will receive more in tax.
If the company wants to use all its profits by paying higher salaries then the Treasury will receive more in tax.
Pavilionaire
Well-known member
- Jul 7, 2003
- 31,269
This is where the Tory Party get it SO wrong.
severnside gull
Well-known member
The wonder is that anyone is surprised.
BensGrandad
New member
It is not illegal to avoid tax only to evade it and if anybody can find a loophole that exploits the system all power to their elbow as it is available to all in the know. Whether or not these loopholes should be closed is another matter entirely
crookie
Well-known member
Which just leaves the poor mugs on PAYE to carry the can, which is totally inadequate, as our £90 billion budget deficit perfectly illustrates
Dolph Ins
Well-known member
Being self employed you mean me. But I do not earn enough to pay a tax specialist. So yet again rich people can 'play' the system and the rest of us pick up their tab.
You have completely missed the point. Have a read of a proper newspaper. Eventually you may get it. Maybe.
- Jan 3, 2012
- 17,356
Just wondered out of interest where the article came from?
It would be interesting to hear mr Osbourne explain it, when he is so vociferous about other companies tax avoidance. I think the word is hypocrisy.
GingerBeerMan
3-0
- Dec 29, 2011
- 8,205
Why is the burden of reducing our benefit being placed on the poor and middle class? Get the rich ***** to pay their fair share and the poor people won't have to take a 8% cut in income. I still can't believe people voted these ***** into power, it really defies belief.
Vegas Seagull
New member
- Jul 10, 2009
- 7,782
Indeed, creating a firm that employs a hundred that all pay tax & NI, maybe 500k or £1m all in.
Hands up those families on here that do more
It's why they walked the Election
pastafarian
Well-known member
I obviously don’t know the inns and outs of your income or your self employed business,but you really should put a couple of hundred quid aside for someone to have a look at your books.Any decent tax accountant should be a specialist anyway in matters of tax for self employed.You really don’t have to hire a "tax specialist" to save you money
If you like I can recommend a great one in Brighton,very very reasonable rates and saved me beaucoup £`s (all legitimate)……big .albion fan as well. PM if interested,at the very least you will get a free consultation to see if the firm can help and a costs verses savings scenario
pastafarian
Well-known member
Don't see the problem
If the company wants to use all its profits by paying higher salaries then the Treasury will receive more in tax.
This
I also don’t understand why anyone would be against companies in the UK using "historical losses" and "capitol allowances" to offset against tax in profit years.It makes economic common sense to allow this and keep companies alive during leaner periods (totally different scenario from multi nationals moving their accounts across EU borders to friendlier tax havens)
If some people really want to put an end this practice of offsetting in this country,then I hope they are prepared for millions upon millions on the dole when companies shut,the loss of the employee generated income tax,loss of business rates,loss of VAT on sales and god knows what else adverse effects.
its as though some people are desperate for the economic infrastructure of this country to fail and put everyone on the breadline and reliant on the state.
Plake
Unregistered User
Don't see the problem
If the company wants to use all its profits by paying higher salaries then the Treasury will receive more in tax.
Is the the only sensible post in the thread so far.
mikeyjh
Well-known member
Don't see the problem
If the company wants to use all its profits by paying higher salaries then the Treasury will receive more in tax.
I think you can bet your bottom dollar that the major shareholder did not inconvenience himself by paying extra tax on a salary that he could have avoided by paying dividends. Reckon I'm on fairly safe grounds saying that these arrangements were not put in place to ensure extra revenue for the treasury.
We're all in it together....
Tom Bombadil
Well-known member
Actually pure tax avoidance ( the exploitation of loopholes to reduce tax ) isn't allowed. It's not criminal in the way tax evasion is, but hmrc will test tax evasion schemes in the courts. How rigorously they pursue certain organisation is the scandal, historically too many schees have been waved through due to the cosy relationship between the senior figures in HMRC and the major acoountancy and tax lawyers.