Was given inheritance JUST below the threshold for paying tax and then mummy decided to gift him £100,000 two years in a row afterwards. Of course there is nothing dodgy about that Cameron you corrupt bent *******
Read an interesting study the other day about how unequivocally the highest link to suicide rates regardless of economic crashes, droughts, all other factors was a conservative government. Not surprised but very sad.
Perfectly legal and something you'd be taught to arrange for clients if you studied law or accountancy. The problem comes when you criticise someone else doing it as "morally unacceptable". Or if you cut payments to the poorest or starve public services of resources. It was £200,000.
Not defending Cameron, but if any of us were already paying **** loads of tax and knew of a way (legally) of stashing some out of the way who wouldn't consider it?
Probably not, no. Even despite your shaky morals it's irrelevant you aren't the PM and you don't have a history of criticising people for doing exactly what he himself is guilty of. Not sure how you can defend a man who said the following: "I think some of these schemes – and I think particularly of the Jimmy Carr scheme – I have had time to read about and I just think this is completely wrong." "People work hard, they pay their taxes, they save up to go to one of his shows. They buy the tickets. He is taking the money from those tickets and he, as far as I can see, is putting all of that into some very dodgy tax avoiding schemes." "That is wrong. There is nothing wrong with people planning their tax affairs to invest in their pension and plan for their retirement – that sort of tax management is fine. But some of these schemes we have seen are quite frankly morally wrong."
As much as it pains me he's done absolutely nothing wrong here. Off shore accounts however are a different matter.
Of course we would. We aren't the Prime Minister though are we. Do as I say, not as I do springs to mind.
never put any money in an ISA then? and I did say if you were already paying loads of tax, just pointing out its easy to say no when you aren't in that position. BTW I do think Camerons a right lovely person for what he's said about tax avoidance whilst knowing what he's done
Or if your up there making the laws and purposely leaving out or adding bits that doesnt immediately grab attention or worded to translate accordingly ( if you can afford a top barrister or friends in high places rallying round) something like this.
It's called IHT planning, you would be foolish if you didn't plan for ways of mitigating this unfair tax.
Isa's were sanctioned to get people saving to invest in our economy. Can't say the same about offshore investments designed to bypass our economy.
So its better to diminish our services,police ,NHS etc than to tax people who make masses of money in our society courtesy with our permission and blessing. They already make millions and investments are designed to make money to from money is it too much to ask these people to contribute to society . And besides of which these were secretive to the extent that criminals,jihadists,corrupt politicians and even the north Koreans were using it. Its lousy whoever invested and they knew.
fair enough I suppose, but they are still tax free. I have always had the same attitude to tax though so at least I'm consistent, I have always believed that you should pay tax on all your earnings as per the law of the land. BUT I also believe that once you have paid that tax whatever you earn on that money after that should be yours, same with pensions when you have paid tax all your working life
Love to see this guys full tax returns !! The last two lines of the article sum it up i presume. http://www.telegraph.co.uk/news/pol.../Tony-Blair-and-the-8million-tax-mystery.html They all p*ss in the same pot pal !!!
Just imagine the press's appetite if it had been Jeremy Corbyn that had done what Cameron's done. You wouldn't hear the last of it then.
As is fairly well known, the Traesury have, over the years co-opted representatives of the major accountancy firms as consultants when drafting new finance/taxation legislation. The same people then go back and advise their wealthier clients how to circumvent the same laws to their advantage. A good account of all this (if admittedly a fairly one-sided one) is Owen Jones' "The Establishment".
Plenty of working people transfer their parents property into their childrens ownership to avoid inheritance tax and residential fees.
Your confusing ordinary people with oligarchs etc. Modern taxes in most countries are designed to reinvest into the infrastructure etc. Individuals who are given access to exploit resources are taxed to avoid them stashing wealth to use as blackmail and other influences on democratically elected govts .and gaining unfair advantages over the majority . Some say this is politics of the envious (mostly the oligarchs and their supporters) ,but most people myself included are not against millionaires or even multi millionaires. But for democracy to work we cannot allow rich individuals holding unfair advantages over the vast majority . Some of the people,firms,criminals and even countries using these schemes with the secrecy they are afforded is frightening IMO.
Although illegal that is probably understandable but the people and the money they are hiding are riding on this principal ,some are investing in hundreds of properties and passing it of as inheritance.most of these properties lay empty whilst people are homeless or in insecure accommodation.