More Tory lies

[Cade]

That's the thing about the mega-rich. 

They don't really have a set nationality. With homes around the world, they can claim to be a citizen of any of those nations.

Or they buy the cheapest nationality available via "golden passport" schemes and other such nefarious tax evasion methods.

They are parasitical citizens of nowhere that change nationality on a whim, according to which one saves them the most in tax.

 

This is why combating ultra-rich tax evasion is so difficult, as you need ALL the nations to work together to close all the loopholes.

[JudyJudyJudy]

2 hours ago, jack D and coke said:

I made a point about people as wealthy as Sunak making decisions for people struggling. I mean a man with more money that 20-30 people could spend in a lifetime knows exactly what it’s like for families seeing bad times approaching. They shouid be absolutely nowhere near this stuff. He apparently spends over 80% of appointments with bankers and high finance. This doesn’t shine too well on him either. He’s a little rodent and his and his wife’s reputation going right down the shitter of late has been fully deserved. 

 

I think it has already been discussed about not needing to be skint to be empathic to others who are..  Ask Ian Blackford. 

[The Mighty Thor]

Snout right in the trough 

 

 

[Victorian]

1 minute ago, The Mighty Thor said:

Snout right in the trough 

 

 

 

Ffs.  What a country.

[The Mighty Thor]

1 hour ago, Footballfirst said:

No doubt we will get the oft quoted line from Tory MPs that she pays all the UK taxes that she is legally required to do so, i.e. she pays the minimum that she can get away with.

 

Change the tax laws to tax her more, one might ask. That's all very well, but when her husband is responsible for tax laws it ain't going to happen.

 

Oh, and she did claim furlough payments from HMRC during the lockdowns.  

Apparently her non-dom status cost her £30,000 per annum

[The Mighty Thor]

1 minute ago, jonesy said:

Hmm...

 

Whispers that Sunak may be getting himself into position to oust Johnson...

 

Stories start spreading about Sunak's wife...

 

Hands up if you are surprised.

 

 

Better than that, one of the defences offered about Mrs Sunak's tax shenanigans is that there's a whiff of racism about all this. It's only because she's Indian. 

 

 

[jack D and coke]

27 minutes ago, JamesM48 said:

I think it has already been discussed about not needing to be skint to be empathic to others who are..  Ask Ian Blackford. 

Sunak avatar today then?

 

[jack D and coke]

17 minutes ago, The Mighty Thor said:

 

Better than that, one of the defences offered about Mrs Sunak's tax shenanigans is that there's a whiff of racism about all this. It's only because she's Indian. 

 

 

Imo it’s clearly Johnson’s pals digging Sunak out  did the stories not start in Lebedev’s paper? 
Protect big dog. 

[Mikey1874]

1 hour ago, Dazo said:

Regardless of income don’t we all try to pay as little tax as legally possible ? There would be a lot of unemployed accountants if we didn’t. Reducing your tax liabilities isn’t just for the millionaires. 

 

So how do ordinary people reduce their tax liabilities? 

 

People whose tax and national insurance is taken at source before they get their pay in the bank? 

 

Most people. 

[Victorian]

Unpaid VAT is basically theft.  It never belongs to you.  You collect it on behalf of HMRC.  Same applies to unpaid PAYE wages deductions.

 

In an honest country there might be an investigation into the financial movements of that company before it left any unpaid taxes.  

[Footballfirst]

I just heard an explanation of how Akshata Murthy may be using the Indian/UK tax systems from an Indian interviewee on BBC News.

 

As an "Indian citizen", India would normally tax the income of wealthy individuals in the range 35%-42%, e.g dividends from her family firm Infosys.

 

However, as Murthy is a "resident" of the UK for tax purposes (albeit non domiciled), which is required so she can stay in the UK for more than 90 days a year, a cross border tax arrangement between the UK and India allows her income to be taxed at just 10% in India.

 

It therefore looks like she is reducing her tax in India by claiming she is resident of the UK, but in parallel claiming that she is not domiciled in the UK so that her international income is not taxed here either. It's a win/win for her, unless HMRC declares her non-dom status invalid, or if the Indian government reconsiders her eligibility for a lower rate of tax.  

Edited April 7, 2022 by Footballfirst

[Don Dan]

You initially pay heavily for non dom status but in the long run it pays its way.

It’s only for the super rich. 

[joondalupjambo]

1 hour ago, Mikey1874 said:

 

So how do ordinary people reduce their tax liabilities? 

 

People whose tax and national insurance is taken at source before they get their pay in the bank? 

 

Most people. 

Some can transfer part of their wife's tax allowance to themselves if wife not earning enough in terms of the personal tax allowance / threshold or vice versa of course.  

 

If you are lucky enough to have a few grand savings in a building society sitting in an interest account then any interest is classed as income and taxed so option is to put it in an ISA where you do not pay tax on the income.

 

Not saying either will save you a fortune but they are two examples.  There wil be others but it all depends on personal circumstances.

 

 

 

 

 

 

Edited April 7, 2022 by joondalupjambo

[SectionDJambo]

1 hour ago, jonesy said:

Hmm...

 

Whispers that Sunak may be getting himself into position to oust Johnson...

 

Stories start spreading about Sunak's wife...

 

Hands up if you are surprised.

 

It's long been suspected that Sunak, as well as Cummings, has been behind the photos and revelations about Johnson's parties. Johnson getting his own back? 

They've been in power for so long that they are now fighting wiith each other as well as the opposition parties.

[SectionDJambo]

44 minutes ago, Victorian said:

Unpaid VAT is basically theft.  It never belongs to you.  You collect it on behalf of HMRC.  Same applies to unpaid PAYE wages deductions.

 

In an honest country there might be an investigation into the financial movements of that company before it left any unpaid taxes.  

I had a wee business many years ago, and knew many other small retailers. If we were late on any VAT or tax payment the Revenue were right on it. I can never understand how big business manages to default such huge amounts.

[Footballfirst]

1 hour ago, joondalupjambo said:

Some can transfer part of their wife's tax allowance to themselves if wife not earning enough in terms of the personal tax allowance / threshold or vice versa of course.  

 

If you are lucky enough to have a few grand savings in a building society sitting in an interest account then any interest is classed as income and taxed so option is to put it in an ISA where you do not pay tax on the income.

 

Not saying either will save you a fortune but they are two examples.  There wil be others but it all depends on personal circumstances.

Both the examples you quote are promoted by the UK government, unlike non-dom status, or individuals limiting their time spent in the UK to avoid being classed as a resident for tax purposes.

 

In your 2nd example, one assumes that the money invested in the building society and ISA has previously been taxed as income through PAYE or self assessment, unlike some of the schemes designed to enable high net worth individuals to avoid paying tax in any jurisdiction, or limiting payments to those jurisdictions with the lowest tax rates.

[Joey J J Jr Shabadoo]

That disgustingly, fat, cockroach, Eric Pickles tried to get out of a Grenfell inquiry, as he said he was too busy. He's now apologised.

This is what Tory scum think of the voters.

[joondalupjambo]

37 minutes ago, Footballfirst said:

Both the examples you quote are promoted by the UK government, unlike non-dom status, or individuals limiting their time spent in the UK to avoid being classed as a resident for tax purposes.

 

In your 2nd example, one assumes that the money invested in the building society and ISA has previously been taxed as income through PAYE or self assessment, unlike some of the schemes designed to enable high net worth individuals to avoid paying tax in any jurisdiction, or limiting payments to those jurisdictions with the lowest tax rates.

Yeah understand but sorry I was replying to an earlier post, that asked what can normal blow Joe's in the street do that are on PAYG might do to minimise tax liabilities.

 

I appreciate what you are talking about though.  You are referring to high worth folk who have some wiggle room.

[micole]

3 hours ago, SectionDJambo said:

I had a wee business many years ago, and knew many other small retailers. If we were late on any VAT or tax payment the Revenue were right on it. I can never understand how big business manages to default such huge amounts.

Like you my mate ran a small business a few years back. He was 2 days late with his vat payment ( admin error) and they were all over him like a rash. He actually got a visit from HMRC and they went through his books , now his business was hardly Amazon and he just fell into the vat range. I find it hard to take that companies can get away with murder yet the small guy gets hounded.

[maroonlegions]

"It's like Sunak's team planned a "yes he is very rich and no he doesn't think the rules apply to him" week", one person commented on Twitter.

 

THELONDONECONOMIC.COM

Today's newspapers donimated by bombshell Sunak revelation

"It's like Sunak's team planned a "yes he is very rich and no he doesn't think the rules apply to him" week", one person commented on Twitter

 

 

 

 

[manaliveits105]

Mrs Sunak is a very attractive lady it has to be said 

[maroonlegions]

And there we have it.. "The ALL In It Together" Tory mantra.

 

People like him should be no were near government.. They serve their own, they never intended to serve the "people's" will or electorate.

 

 

What is government if not serving the people , is it now a serve the 1%and 2 % and privileged few  who own so much??

 

"Feather the nest and feck the rest" ???

 

 

 

Winchester College - where Sunak was head boy - charges parents £43,335 a year.

 

THELONDONECONOMIC.COM

Rishi Sunak has donated more than £100k to his old boarding school

Winchester College charges parents £43,335 a year, making it one of the most expensive schools in the country.

 

 

 

 

 

[maroonlegions]

1 minute ago, manaliveits105 said:

Mrs Sunak is a very attractive lady it has to be said 

Witch more like.

 

The heart and soul of a cold blooded reptile , dont judge a book by its cover..

 

Medusa.. 

 

 

[Japan Jambo]

6 minutes ago, manaliveits105 said:

Mrs Sunak is a very attractive lady it has to be said 

 

So what exactly attracts you to the billionaires daughter mana? 🤣

[Victorian]

"We were the first to split the atom... we're bringing nuclear home... "

 

 

 

[Mikey1874]

4 hours ago, Joey J J Jr Shabadoo said:

That disgustingly, fat, cockroach, Eric Pickles tried to get out of a Grenfell inquiry, as he said he was too busy. He's now apologised.

This is what Tory scum think of the voters.

 

He's actually one of better guys in real life. 

[Mikey1874]

7 hours ago, Footballfirst said:

I just heard an explanation of how Akshata Murthy may be using the Indian/UK tax systems from an Indian interviewee on BBC News.

 

As an "Indian citizen", India would normally tax the income of wealthy individuals in the range 35%-42%, e.g dividends from her family firm Infosys.

 

However, as Murthy is a "resident" of the UK for tax purposes (albeit non domiciled), which is required so she can stay in the UK for more than 90 days a year, a cross border tax arrangement between the UK and India allows her income to be taxed at just 10% in India.

 

It therefore looks like she is reducing her tax in India by claiming she is resident of the UK, but in parallel claiming that she is not domiciled in the UK so that her international income is not taxed here either. It's a win/win for her, unless HMRC declares her non-dom status invalid, or if the Indian government reconsiders her eligibility for a lower rate of tax.  

 

Good work. 

 

Hopefully get more now on the India link from journalists. 

[The Mighty Thor]

11 minutes ago, Victorian said:

"We were the first to split the atom... we're bringing nuclear home... "

 

 

 

World beating nuclear. Built and owned by the Chinese and French no doubt.

 

Less than 12 months ago we were to be 'the Saudi Arabia of wind'.

 

Boosterism and soundbites. Classic Spaffer. 

 

If he wanted to deliver an energy strategy he should've pumped money into home insulation which would benefit punters now. Obviously no money in that for the donors and sponsors. 

 

 

[Victorian]

1 minute ago, The Mighty Thor said:

World beating nuclear. Built and owned by the Chinese and French no doubt.

 

Less than 12 months ago we were to be 'the Saudi Arabia of wind'.

 

Boosterism and soundbites. Classic Spaffer. 

 

If he wanted to deliver an energy strategy he should've pumped money into home insulation which would benefit punters now. Obviously no money in that for the donors and sponsors. 

 

 

 

Correct.  The complete disinterest in reducing energy demand is the real story.

 

Sunak pulled the plug on energy efficiency.  The backbenchers kyboshed any meaningful onshore wind.

[The Mighty Thor]

Just now, Victorian said:

 

Correct.  The complete disinterest in reducing energy demand is the real story.

 

Sunak pulled the plug on energy efficiency.  The backbenchers kyboshed any meaningful onshore wind.

Bizarrely the bammers glueing themselves to the M25 had a point. 

 

It's an easy win with an immediate benefit to get the insulation in the houses of the poorest up to scratch. 

 

It's always grandiose schemes that generally never happen or never deliver. Track and trace, bridge to Ireland, tunnel to Ireland, Brexit. 

He's a mitty type fantasist. 

[manaliveits105]

38 minutes ago, Japan Jambo said:

 

So what exactly attracts you to the billionaires daughter mana? 🤣

I don’t like Dom women 

and she is non Dom apparently 

[Victorian]

2 minutes ago, The Mighty Thor said:

Bizarrely the bammers glueing themselves to the M25 had a point. 

 

It's an easy win with an immediate benefit to get the insulation in the houses of the poorest up to scratch. 

 

It's always grandiose schemes that generally never happen or never deliver. Track and trace, bridge to Ireland, tunnel to Ireland, Brexit. 

He's a mitty type fantasist. 

 

They're not interested in helping people,  which would actually help them become more popular and even more secure in power in an organic way.  Everything is governed by rigging the economy,  the taxation settlement and the relationships between government and the rich and powerful.  

 

The narrative today is all about energy security.  Energy independence.  Feeding off another fantasy that Britain is too big and too great to remain at the mercy of global energy pressures.  **** all to do with helping people pay their bills.  

[jack D and coke]

4 minutes ago, Victorian said:

 

They're not interested in helping people,  which would actually help them become more popular and even more secure in power in an organic way.  Everything is governed by rigging the economy,  the taxation settlement and the relationships between government and the rich and powerful.  

 

The narrative today is all about energy security.  Energy independence.  Feeding off another fantasy that Britain is too big and too great to remain at the mercy of global energy pressures.  **** all to do with helping people pay their bills.  

Half a century of energy in the North Sea again too…just a few years after it was aw running oot and worthless🤣

Wee Anus Sarwar talking about a windfall tax on the profits….

Eh….energy is reserved Anus…

 

Edited April 7, 2022 by jack D and coke

[Victorian]

1 minute ago, jack D and coke said:

Half a century of energy in the North Sea again too…just a few years after it was aw running oot and worthless🤣

Wee Anus Sarwar talking about a windfall tax on the profits….

Eh….energy is reserved Anus…

 

 

That was part of his Scottish local elections manifesto.  Wtf?  

[jack D and coke]

1 minute ago, Victorian said:

 

That was part of his Scottish local elections manifesto.  Wtf?  

Aye🤣

[Cade]

Double glazing, cavity wall insulation, loft insulation, draught excluder brushes on all doors......all have been around for donkey's years and should have been heavily subsidised to help reduce the need for heating and the demand on leccy and gas.

 

Oh, and every single new build should have been required by law to be clad with solar panels on the roof.

 

[The Mighty Thor]

5 minutes ago, Victorian said:

 

They're not interested in helping people,  which would actually help them become more popular and even more secure in power in an organic way.  Everything is governed by rigging the economy,  the taxation settlement and the relationships between government and the rich and powerful.  

 

The narrative today is all about energy security.  Energy independence.  Feeding off another fantasy that Britain is too big and too great to remain at the mercy of global energy pressures.  **** all to do with helping people pay their bills.  

Ever being the opportunists, the Ukraine war changed the narrative for them beautifully. Nothing to do with us guv. Don't you know there's a war on?

The reality? 'Our' energy is owned by global corporations. They flogged off the distribution network 2 weeks ago. Our energy security is a myth. 

[Lone Striker]

18 minutes ago, Victorian said:

 

The narrative today is all about energy security.  Energy independence.  Feeding off another fantasy that Britain is too big and too great to remain at the mercy of global energy pressures.  **** all to do with helping people pay their bills.  

On the subject of global energy pressures - including the price to  UK consumers - is there really much saving in having our own production & generation facilities ?   Other than some protection from global headbangers like Putin and avoiding adding to climate change by having stuff shipped from overseas, will this lead to UK consumers getting cheaper electricity than countries who don't have as much production/generation ?

 

We've got loads of local wind, hydro, nuclear (plus declining  coal/gas) generation feeding into the National Grid. Yet electricity bills are going through the roof here and  across Europe.   If we add to our local generation capacity, is it likely that the UK consumer will see the benefit on their bill ?

 

Just to say, I'm not against beefing up our local capacity - it makes sense on several levels - but I suspect we're being lulled into wrongly thinking that at some stage in the near future, our bills will come down.  A cynic might start to think that there's a global conspiracy brewing.  

[Jeffros Furios]

1 hour ago, manaliveits105 said:

Mrs Sunak is a very attractive lady it has to be said 

[Footballfirst]

If the UK wanted to look at having a reliable source for their base load electricity supplies, then they should have been looking at tidal power from the Severn with its huge tidal range.  

 

Unfortunately that has been scuppered previously by environmentalist campaigns about the impact on the wildlife on the mudflats.

 

Alternatives are also available in Scotland from wave power down the west coast and exploiting the strong currents in the Pentland Firth. It's time for a scale up in these technologies.

[Footballfirst]

No mention that his wife had non-dom status

 

Edited April 7, 2022 by Footballfirst

[jack D and coke]

5 minutes ago, Footballfirst said:

If the UK wanted to look at having a reliable source for their base load electricity supplies, then they should have been looking at tidal power from the Severn with its huge tidal range.  

 

Unfortunately that has been scuppered previously by environmentalist campaigns about the impact on the wildlife on the mudflats.

 

Alternatives are also available in Scotland from wave power down the west coast and exploiting the strong currents in the Pentland Firth. It's time for a scale up in these technologies.

We can keep exporting all our energy (that’s remarkably no running oot the now 🤣) to keep their lights on ken😅😅and they can give us Johnson, Patel and Brexit and whatever else. 
 

[Lone Striker]

21 minutes ago, Footballfirst said:

If the UK wanted to look at having a reliable source for their base load electricity supplies, then they should have been looking at tidal power from the Severn with its huge tidal range.  

 

Unfortunately that has been scuppered previously by environmentalist campaigns about the impact on the wildlife on the mudflats.

 

Alternatives are also available in Scotland from wave power down the west coast and exploiting the strong currents in the Pentland Firth. It's time for a scale up in these technologies.

Agreed.  I think they started a trial last year of some tidal devices up north.   One used the kinetic energy of waves to produce electricity, another was a turbine tunnel anchored to the seabed, which kept producing a current even when the tidal flow changed direction.   The Pentland Firth seems an ideal location for that sort of thing.

 

24 minutes ago, Footballfirst said:

No mention that his wife had non-dom status

 

 

So he didn't bother even mentioning her interests in "foreign" companies !!      As an aside, do we know if Catamaran Ventures UK just happened to win a contract to supply PPE   2 years ago  ?  

[jack D and coke]

22 minutes ago, Lone Striker said:

Agreed.  I think they started a trial last year of some tidal devices up north.   One used the kinetic energy of waves to produce electricity, another was a turbine tunnel anchored to the seabed, which kept producing a current even when the tidal flow changed direction.   The Pentland Firth seems an ideal location for that sort of thing.

 

 

So he didn't bother even mentioning her interests in "foreign" companies !!      As an aside, do we know if Catamaran Ventures UK just happened to win a contract to supply PPE   2 years ago  ?  

Rodent Rishi

[Lone Striker]

2 minutes ago, jack D and coke said:

Rodent Rishi

imo, the biggest immorality/loophole/scam is the concept & rules of non-dom status,  and how new applicants and existing status holders are checked and then regularly re-checked.   

 

    You'd think it ought to be quite difficult to convince HMRC that you should continue to have non-Dom status in the UK when you're married to and normally live with a UK citizen in the UK.   The fact you're originally from India and have income from companies over there shouldn't trump that.

 

I read somewhere that India doesn't allow an Indian citizen to also hold dual citizenship with another country  - he/she would have to revoke the Indian citizenship first, which Mrs S doesn't seem to be willing to do.   Seems like a perfect Catch 22 situation to benefit folk like her.

 

 

[jack D and coke]

8 minutes ago, Lone Striker said:

imo, the biggest immorality/loophole/scam is the concept & rules of non-dom status,  and how new applicants and existing status holders are checked and then regularly re-checked.   

 

    You'd think it ought to be quite difficult to convince HMRC that you should continue to have non-Dom status in the UK when you're married to and normally live with a UK citizen in the UK.   The fact you're originally from India and have income from companies over there shouldn't trump that.

 

I read somewhere that India doesn't allow an Indian citizen to also hold dual citizenship with another country  - he/she would have to revoke the Indian citizenship first, which Mrs S doesn't seem to be willing to do.   Seems like a perfect Catch 22 situation to benefit folk like her.

 

 

David Cameron and Gideon wanted to outlaw it.

 

[Lone Striker]

15 minutes ago, jack D and coke said:

David Cameron and Gideon wanted to outlaw it.

 

Interesting - didn't know that.  Yet, it didn't happen - any idea why ?   Just quietly swept under the EU referendum carpet ?

[jack D and coke]

2 minutes ago, Lone Striker said:

Interesting - didn't know that.  Yet, it didn't happen - any idea why ?   Just quietly swept under the EU referendum carpet ?

Well they left not too long after the brexit vote so yeah I’d imagine something like that. 

[dobmisterdobster]

2 hours ago, Lone Striker said:

imo, the biggest immorality/loophole/scam is the concept & rules of non-dom status,  and how new applicants and existing status holders are checked and then regularly re-checked.   

 

    You'd think it ought to be quite difficult to convince HMRC that you should continue to have non-Dom status in the UK when you're married to and normally live with a UK citizen in the UK.   The fact you're originally from India and have income from companies over there shouldn't trump that.

 

I read somewhere that India doesn't allow an Indian citizen to also hold dual citizenship with another country  - he/she would have to revoke the Indian citizenship first, which Mrs S doesn't seem to be willing to do.   Seems like a perfect Catch 22 situation to benefit folk like her.

 

 

 

Why should she be expected to relinquish her Indian citizenship? It's funny to see liberals obsess over someone's nationality and heritage.

[Ulysses]

15 minutes ago, dobmisterdobster said:

 

Why should she be expected to relinquish her Indian citizenship? It's funny to see liberals obsess over someone's nationality and heritage.

 

It's nothing to do with liberals.  He's calling the situation as it is.  Indian law says that if she becomes a citizen of a foreign country, her Indian citizenship is automatically revoked.  She's not willing to do that.  He hasn't said she should be required to give up her citizenship; his point is that her foreign citizenship should not of itself allow her to to pretend - for tax purposes - that she isn't domiciled in the United Kingdom.

 

It's bad enough for countries to have liberal rules about residency to make life easier for the rich.  Most modern economies do it, and their rules should be a lot tighter.  But this is way worse.  It is literally taking the piss and chucking it down the throats of British voters, workers and small businesses when the actual sodding Chancellor of the Exchequer's family is offshore for tax purposes.