If you need urgent support, call 999 or go to your nearest A&E. To contact our Crisis Messenger (open 24/7) text THEMIX to 85258.
Read the community guidelines before posting ✨
Options
The super-rich who don't pay any tax
BillieTheBot
Posts: 8,721 Bot
So on top of the group of private equity partners who bragged about paying less income tax than their cleaners we now have nearly 400 super-rich people who don't pay any income tax at all.
These greedy bastards cost the country far, far more money than all the spongers, scroungers and benefit cheats put together. Something to remember the next time the right wing tabloids feel like having a go at.
So what are we to do with them?
These greedy bastards cost the country far, far more money than all the spongers, scroungers and benefit cheats put together. Something to remember the next time the right wing tabloids feel like having a go at.
So what are we to do with them?
Beep boop. I'm a bot.
0
Comments
There is certainly a debate to be had purely along efficiency lines, about how the tax regime might be structured to be more progressive, I know little about accountancy so couldn't really suggest anything.
It certainly shouldn't be made into a moral issue however....
There is something very amoral indeed with it. Specially when the people in question, unlike you and me, can afford to pay the tax in full without their luxurious lifesytle being affected by it.
That's greed, pure and simple. And it's morally repugnant.
how?
maybe, but they dont take any money out of the Nation? where as "spongers, scroungers and benefit cheats" as you put them are taking money out, so your statement that
"These greedy bastards cost the country far, far more money than all the spongers, scroungers and benefit cheats put together."
is in fact wrong?
You don't make any effort to avoid it because you have comparatively little to lose.
I don't think it makes you an immoral person if you avoid tax, I don't think there are many people, who offered the choice between 9 million for themselves and 1 million for the treasury, or 6 million for themselves and 4 million for the treasury, would choose the latter.........
Surely where someone decides to pay their taxes is up to them and whatever their circumstances allow them to do?
As things currently stand there's nothing wrong with keeping money offshore and paying the tax on it there instead. If we as a nation are going to gripe about it maybe we should look at how we can make ourselves a more competitive place for the loaded to handle their finances. I think you'll also find you are wrong in stating that they don't pay income tax at all, they just don't pay UK tax.
It's also worth remembering that if they have any UK involvement that they will be contributing to the national economy in many other ways.
They do pay tax, just not in the UK, they'll have to pay tax on wherever they manage their finances, they just tend to go for somewhere with very low tax.
They are no better in anyway than somebody who is illegally claiming benefits.
They're worse, in fact- for their lifestyle would not be affected by them acting honestly. Certainly not nearly as much as someone living in a sink estate who can't afford much of anything.
Unless you are suggesting someone would be hard-pressed to live a living on 6 million Pounds a year.
Being a law abiding international business person who pays the required tax in wherever the chose to handle their finances is so much worse than being a deceiving criminal.
:banghead:
Since they are going out of their away to avoid paying what they should, they are stealing that money from the country and from all of us- you included.
But carry on thinking such behaviour is any less reprochable than a bloke claiming dole and working cash in hand, if you wish...
They should be paying taxes in the UK since they conduct their business in the UK. Instead they avoid paying most of it, and then pay a risible small percentage of the rest to some offshore island.
Don't try to pass it as some businessman responsably paying his taxes like everyone else, only to a different country. It's not quite like that at all.
(there is a different argument about whether someone who is starving would be justified to steal a loaf of bread but that is not the case here).
But I chose not to. Because I believe in paying taxes and contributing towards the common welfare of the nation.
Apparently however I'm the minority...
it would be dumb to pay more tax then if you moved your money
If it results in less money coming into the exchequer because they go abroad and pay no UK tax etc then you may just have to grin and bear it...
It's because of taxes that we have infrastructures and services. They are extremely important to the wellbeing of a nation and benefit all of us. Anyone who defrauds the State's coffers of money they should be paying is making muppets of you and me as well.
Possibly the better question is 'Do we have a rubbish tax system'
Answer: Almost certainly yes, and because it's rubbish and archaic in places and inconsistent these things happen very easily.
at the same time, it gives a reason for people to get as much benefit as they 'can'
however when you argue on the basis of this:
You miss the real issue. There is no fraud taking place, they are doing what the law allows them to do. The fact that they earn so much allows them to employ an accountant to find the loopholes, something which neither you nor I could do.
Therefore the solution is to change the tax laws and close many of these loopholes. If the money is earned in the UK then the taxes should be paid there, regardless of the nationality of the person earning or the company involved.
What the like of Territ seem to miss is that these people are very much taking money out of the country. They are also increasing the tax burden on the likes of us - in just the same way that the actions of benefit fraudsters do. The ony difference is that the it's a perfectly legal way to rip us off.
You really think it's ok to not pay fair amounts of tax, and still live here? Everyone should pay a fair amount of tax if they live here, as they use this countries services, they want the police to protect them (and thier unfairly immesurable wealth) the fire service ot put thier fires out. And I bet they'd want an ambulance if injured.
I'd let people who refuse to or think they shouldn't pay tax not pay it. Then when someone robs them I'd say "Hire your own fucking security if you don't want to pay tax. Who funds the police?".
Tossers. Tax should be income reflective.
But they use services like hospitals, GPs. fire service, etc.
Aladdin does have a fair point.
But in total amount they still put more in - someone earning 6m and paying 10% tax pays a lot more in total than someone on 20K who pays 22%.
If by moving the tax up to 22 % and they move abroad and don't pay tax we're worse off off as loose £600k.
The answer is to tax this at the tipping point where you can maximise the amount, before people say 'sod, this for a game of soldiers'
It may be a fair point, but it also may not be the best way to bring in tax.
It just pisses me off no end.
You are right that the law allows for this to happen in the first place. It should be tightened. And if any businessman threatens to take his business elsewhere there should be financial penalties elsewhere for such shameless blackmailing too.
But the current rates are not. And anyone who threatens to leave the country because they're made to pay 40% tax (just what millions of other people with far less money pay) is a greedy scumbag.