Ernest
Stupid IDIOT
Don't think he will be selling quite so many tickets or DVD's in the future and hopefully that fuckwit Barlows OBE will be rescinded too
If they're travelling all the time, don't stay here much, and they are within the accepted rules, I'm ok with it. No doubt Monaco are charging them 25% or something. But to just set-up a fake loan (one that you will never pay back) and not pay any tax at all (1% or so) is sickening.
He had a chance to put his hand up and say "I got it wrong" and put things right, but no, the arrogant twat pushes it further down our throats ... for every penny he doesn't pay us law abiding people have to pay more, twat!
Oh.Monaco charge individuals no income tax.
So in the case of racing drivers, they'd be earning most of their money outside of Monaco, so shouldn't they be paying a large chunk?Companies registered there pay no tax either unless more than 25% of their turnover is generated outside Monaco, then they pay 33% after allowable deductions
Oh.
So in the case of racing drivers, they'd be earning most of their money outside of Monaco, so shouldn't they be paying a large chunk?
It used to be perfectly acceptable to find ways to hide your money from the tax man, who was very much the big bad wolf. There have been threads on how to avoid Stamp Duty etc on this very board. I wonder if attitudes are changing?
The fact that Cameron said its morally wrong is the funny bit. Oh the irony.
I think it's the fact that the average person is more aware of it these days. In the good times, no-one gave a shit because we all had plenty of money in our pockets. Now things are tougher for everyone, the issue has been brought into the spotlight more by the media, making the masses aware of it. Its always gone on...they just chose to ignore it...until now.
Why - do you have evidence that suggests Cameron has avoided tax or is it just an anti-Tory rant ?
Let's remember that that Ken Livingstone has avoided tax and he's Labour through and through.
I guess it depends on how they are paid, I'd think the money they earn from driving in F1 is paid as a salary so no income tax. Sponsorship money from endorsements etc will no doubt be through some sort of company looking after their imaging rights so more than likely that will be liable for corporation tax, however after allowable deductions that works out at under 6% in real terms so they aren't paying much no matter what, that's if the company is registered in Monaco. It's why these people move to Monaco.
So long as none of them ever want to be treated at an NHS hospital if they have a car accident while over here. Or want help from a policeman if they get robbed. Or expect their kids to be educated at a UK school or university.
Wonder how many of Cam's mates do the same ? We're all in this together, are we f***