With a necessity like socks you would, but Amazon has created a market for all kind of impulse buy crap that would not necessarily be bought elsewhere if the Amazon shop front did not exist.
Can I have a 10% Tax rate as well please?
- Thread starter SirGalahad
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With a necessity like socks you would, but Amazon has created a market for all kind of impulse buy crap that would not necessarily be bought elsewhere if the Amazon shop front did not exist.
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What you don't seem to understand is that people on a higher income have a far higher 'disposable income' regardless of the tax rate whilst those at the bottom struggle (and often fail) to pay for the basics...
It's the same with pay rises...
Why do you think inequality rises relentlessly?
Can you work out what 1% on £10k is compared with 1% on £100k ?
Yes, it is.
Think of tax-dodging Philip Green.
Think of tax-dodging Lord Rothermere
Think of tax-dodging Barclay Brothers
Think of tax-dodging Amazon
Think of tax-dodging Starbucks
It's lucky the EU has formed a United front against these sponging parasites so they can no longer flit to and fro between the countries where they make their money and avoid tax on it.
Oooops..... the tax dodgers have managed to trick UK voters into resigning from the Union!
I wonder who will gain from that.
Who owns UK media?
Do they pay tax here?
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So we should have a regressive tax regime?
I don't mind them being billionaires, shouldn't they pay a proportion equivalent to the middle classes?
The point isn't who wouldn't take steps, the issue is why is that even an option.
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D
durhamplumber
Yet you seem to think nothing will be traded if we leave EU!
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I don't have a problem with it tapering the other way for people earning over a certain amount. If it can be established that it can benefit the country. .e.g. by removing the tax efficiency scheme incentives.
If I was earning 1.5M a year I'd do everything possible to reduce my 700k tax liability. The reality is very few people earning 1M+ are PAYE anyway.
@JohnD - IMO if its legal its not tax dodging. At the other end of the scale I wonder how many bicycles purchased on cycle to work were ever ridden to work?
If I was earning 1.5M a year I'd do everything possible to reduce my 700k tax liability. The reality is very few people earning 1M+ are PAYE anyway.
@JohnD - IMO if its legal its not tax dodging. At the other end of the scale I wonder how many bicycles purchased on cycle to work were ever ridden to work?
Actually, it is.
But the solution is to change the laws to prevent tax dodging.
Why did no-one think of that before?
Oh...
they did.
https://www.diynot.com/diy/threads/should-billionaires-and-multinationals-pay-fair-tax.489988/
If all the billionaire tax dodgers paid their fair share, would we need a 40% rate?
they did.
https://www.diynot.com/diy/threads/should-billionaires-and-multinationals-pay-fair-tax.489988/
If all the billionaire tax dodgers paid their fair share, would we need a 40% rate?
B
Brigade77
At the recovery garage Co' I used to run we had the area contract with Mondial who organise warranty breakdown recovery for most of the expensive/exotic makes. We were asked to collect a very famous footballers Aston Martin from a nearby 5* Hotel for onward delivery to the dealer next day. It was kept stored inside overnight & the lads just happened to come across his PAYE payslip casually left on the passenger seat. I don't remember all the exact figures but the top line was £22k+ PER WEEK & some of the stoppages made interesting reading.
This was in the early 2000's. In their defence, the lads had to list everything left on display inside the cars & no one can ever tell me that it wasn't left there on purpose.
B
Brigade77
It's obviously a game you don't get to play.
B
Brigade77
OK. Here's your scenario.
A UK PLC has a duty to it's shareholders (who ultimately own the company). How much tax should the managing director allow the company to pay?
Do they have an obligation to minimise the tax liability within legal boundaries?
Be careful & take the time to think about your answer, because your pension fund invests in this PLC.
Whatever amount HMRC legally demand.
Legally, yes. However, as I have said, the tax laws are intentionally framed so that the wealthy may pay next to nothing.
Ok. So - do you think that the pension fund will benefit from Amazon's Bezos having 160 billion for himself (and ex-wife)?
If earning 100,000 per week then not bad for him.
Who has more left over after paying a percentage of wages to tax? The footballer or a nurse.
B
Brigade77
We're getting warm. Do you have a problem with tax avoiders or do you have a problem with politicians???
I'll give you a clue, you don't get to vote for who runs the company.
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