tag:blogger.com,1999:blog-6615941543485589009.post109918782536336641..comments2024-02-19T12:05:47.873+00:00Comments on Something Surprising: Another £25 billion lost to us?Plasma Engineerhttp://www.blogger.com/profile/02891736950166421184noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6615941543485589009.post-16884807281238964132012-03-01T06:24:40.399+00:002012-03-01T06:24:40.399+00:00The £25bn figure reported has nothing to do with t...The £25bn figure reported has nothing to do with tax avoidance. UKuncut simply jumped on a number reported by the Public Accounts Committee without considering the source material.<br /><br />HMRC accounts show that it's tax under consideration, not avoidance. This could be anything from a claim for vaccine research relief (for research into treatments for malaria, tb or HIV), research and development relief, capital allowance claims to something more aggressive, such as a controlled foreign company, transfer pricing or thin capitalisation avoidance issue.<br /><br />To call it all avoidance is like calling the entire welfare state bill fraudulent.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6615941543485589009.post-47862464381347433652012-02-27T15:40:30.026+00:002012-02-27T15:40:30.026+00:00Anonymous - I read in the paper today that Ken Liv...Anonymous - I read in the paper today that Ken Livinstone has been identified as using such techniques by processing income via a company set up for this purpose so he pays 20 percent corporation tax rather than 40 percent income tax. Legal but!!!Derby Sceptichttps://www.blogger.com/profile/03629477237742844883noreply@blogger.comtag:blogger.com,1999:blog-6615941543485589009.post-66944363353214264972012-02-27T07:55:19.596+00:002012-02-27T07:55:19.596+00:00Anonymous - the point that I believe Plasma Engine...Anonymous - the point that I believe Plasma Engineer is making is that those right at the top are avoiding paying the tax they should so the rest of us have to top up the shortfall.<br /><br />This is done by a number of schemes, some of which are legal but morally suspect, others I am sure a simply illegal. I have no doubt if I were in that wealth category, there would be no end of 'tax advisers' telling me the best ways to avoid tax!Derby Sceptichttps://www.blogger.com/profile/03629477237742844883noreply@blogger.comtag:blogger.com,1999:blog-6615941543485589009.post-11468386821868763212012-02-27T02:17:58.568+00:002012-02-27T02:17:58.568+00:00No, if the top 1% stopped paying tax the rest of u...No, if the top 1% stopped paying tax the rest of us would each have to pay about 50% more than we do now.<br /><br />Its easy for the top 1% to leave the UK.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6615941543485589009.post-62105205700317336772011-08-15T12:22:06.740+01:002011-08-15T12:22:06.740+01:00I don't see your point. Yes I know that a sma...I don't see your point. Yes I know that a small number of us pay the tax. It is the super-rich who should be paying tax who avoid it.Plasma Engineerhttps://www.blogger.com/profile/02891736950166421184noreply@blogger.comtag:blogger.com,1999:blog-6615941543485589009.post-91905425854750176962011-08-15T08:17:04.167+01:002011-08-15T08:17:04.167+01:00The evidence demonstrates the reverse. A small min...The evidence demonstrates the reverse. A small minority are paying most of our tax.Anonymousnoreply@blogger.com