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[Politics] Labour Party meltdown incoming.......



nevergoagain

Well-known member
Jul 28, 2005
1,607
nowhere near Burgess Hill
- Doesn't really bother me in the slightest but thought I'd post it so all those so mortally offended by JRM doing something similar can scream for a policeman at this one too.
 








Eeyore

Colonel Hee-Haw of Queen's Park
NSC Patron
Apr 5, 2014
26,376
These NSC debate threads remind me of this, all played out by NSC members. Funniest party broadcast ever

 


Is it PotG?

Thrifty non-licker
Feb 20, 2017
25,753
Sussex by the Sea
These NSC debate threads remind me of this, all played out by NSC members. Funniest party broadcast ever


The sad thing is, they're are all the same.

At best a bunch of kids at heart, at worst a bunch of self-servers with noses in the trough.
 








seagullsovergrimsby

#cpfctinpotclub
Aug 21, 2005
43,978
Crap Town
Starmer has set out his stall early. 7 Labour MPs lose the whip for 6 months for voting on a SNP amendment on the 2 child cap. His message is "don't double cross Il Capo".
 






TomandJerry

Well-known member
Oct 1, 2013
12,323
The super-rich are being advised how to use a loophole in pensions investments to shelter their wealth from Labour’s clampdown on large-scale tax dodging, the Guardian can reveal.

Undercover filming by the Guardian suggests multimillionaire UK residents are being pitched offshore products said to legally protect their fortunes from inheritance tax (IHT) and capital gains tax (CGT).


At a private event held a week before the general election, the international accounting brand Baker Tilly told advisers to the ultra-wealthy how they could use offshore pension schemes to shield their clients’ fortunes from tens of millions of pounds of inheritance taxes.
 


timbha

Well-known member
Jul 5, 2003
10,589
Sussex
The super-rich are being advised how to use a loophole in pensions investments to shelter their wealth from Labour’s clampdown on large-scale tax dodging, the Guardian can reveal.

Undercover filming by the Guardian suggests multimillionaire UK residents are being pitched offshore products said to legally protect their fortunes from inheritance tax (IHT) and capital gains tax (CGT).


At a private event held a week before the general election, the international accounting brand Baker Tilly told advisers to the ultra-wealthy how they could use offshore pension schemes to shield their clients’ fortunes from tens of millions of pounds of inheritance taxes.
Tax avoidance isn’t illegal. Baker Tilly doing its job even if some think it’s immoral.
 




Is it PotG?

Thrifty non-licker
Feb 20, 2017
25,753
Sussex by the Sea
Tax avoidance isn’t illegal. Baker Tilly doing its job even if some think it’s immoral.
Precisely.

There are legal vehicles available to secure the few quid down the back of the sofa, and anyone (you don't need to be mega wealthy) is able to benefit with the correct advice.
It has been thus for many a year, just being highlighted now as Labour have said they intend to clamp down.
There are quite a few folk shifting stuff around right now.
 


Is it PotG?

Thrifty non-licker
Feb 20, 2017
25,753
Sussex by the Sea
Very interesting piece in the Telegraph the other day about staying on the right side of tax law.

Tax avoidance is nothing new. It is said to be the second oldest profession. The earliest recorded example of tax avoidance was the Roman poet, Virgil (70BC). He kept a pet fly and after it died he buried it on valuable land he owned, declared it a cemetery, and thereby avoided land tax. The avoidance of window tax (first imposed in England in 1696) is still evident in the bricked-up windows of some older houses.

Beard tax, introduced by Henry VIII, was easily avoided with the aid of a razor, but beards nevertheless became popular with vain gentlemen who wanted to show that they were so wealthy they didn’t need to do so.

Bachelor tax (1695) was introduced to fund the war with France, but was less easily avoided, requiring a lady prepared to marry you for rather unromantic reasons. Incidentally, income tax (1799) was also introduced to fund the Napoleonic Wars with France, as was stamp duty on legal documents.
 


Bold Seagull

strong and stable with me, or...
Mar 18, 2010
30,514
Hove
Very interesting piece in the Telegraph the other day about staying on the right side of tax law.

Tax avoidance is nothing new. It is said to be the second oldest profession. The earliest recorded example of tax avoidance was the Roman poet, Virgil (70BC). He kept a pet fly and after it died he buried it on valuable land he owned, declared it a cemetery, and thereby avoided land tax. The avoidance of window tax (first imposed in England in 1696) is still evident in the bricked-up windows of some older houses.

Beard tax, introduced by Henry VIII, was easily avoided with the aid of a razor, but beards nevertheless became popular with vain gentlemen who wanted to show that they were so wealthy they didn’t need to do so.

Bachelor tax (1695) was introduced to fund the war with France, but was less easily avoided, requiring a lady prepared to marry you for rather unromantic reasons. Incidentally, income tax (1799) was also introduced to fund the Napoleonic Wars with France, as was stamp duty on legal documents.
Difference between tax avoidance and tax evasion?



‘The thickness of a cell wall.’
 








rippleman

Well-known member
Oct 18, 2011
5,032
Tax avoidance isn’t illegal. Baker Tilly doing its job even if some think it’s immoral.
Quite. Cameron said it was "immoral" when he was PM. But neither he nor the parade of Tory PMs after him have done anything about it. (Hmmm, I wonder why)

Tax avoidance schemes in their many guises will continue until they are made illegal. Until that happens (I'm betting it won't) it is pointless anybody whining or complaining about them.
 








Is it PotG?

Thrifty non-licker
Feb 20, 2017
25,753
Sussex by the Sea
Rules need to change - in that transaction there was no mechanism to pay the stamp duty even if they wanted to. Has to be the motivation from law makers to change the laws accordingly. Hopefully that will start to happen now.
:lolol::lolol:

Any change will be too late now; stable, horses and bolting spring to mind.
 


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