Tax Avoidance - What Are Your Thoughts?

you dont need to look v,far to see the differences in tax rates and the benefits it brings. the UK has some divergence across the four nations.
we didn't cut police numbers, teachers and nurses figures are steady transport on the whole is good, dont go going into that mode again btw. its just examples of even with modest changes services can be preserved.
assuming your the kind that think they should.

 

A good start to stopping companies absolving themselves of tax-payments. Is the end to tax deductible mechanisms such as re-branding & re-tooling or 'investing in the infrastructure'. Such as self-employed can do with new vehicles & new laptops or office equipment. This should be limited to once every five years or longer. So that companies cannot keep doing the merry go round lark'

 

i guess if the thread is about avoidance, there might be something to learn from a country with no control over tax avoidance.
i wont pretend to know all the ins and outs, tho goggle is our friend, but what the boffins have appeared to have done is, lower the rates for some and raised it for others. but just enough not to piss em off enough, to go to the bother of changing their tax arrangements. and raised an extra bit too.
is it luck, or is there something in the water?

 

Excluding the final paragraph (we’re dealing with that on a different thread) this is about the most cogent thing you have written.

Good stuff.

 

Im self employed, if my accountant legally can say sign this bit of paper and i can cut your tax bill in half i will....and id say everyone on this forum would.
I should add though i do pay any tax i have to and can sleep sound knowing mr hmrc wont come knocking on my door.

 

I agree with your sentiment regarding corporation tax harmonisation. But I still think that stamping out spurious “management fees” “brand licenses” and dodgy transfer pricing can be eliminated without that much difficulty.

As @Loz points out, only multinational corporations have access to these vehicles which distort markets for small businesses. They need to be eliminated.

 

Anti EU rants belong on the Brexit thread. This one was started to discuss tax avoidance separate from ranting about the EU. This one’s for those who want an EU rant break.

 

I’m sure and it’s fair enough.

This thread was originally created to continue a conversation @PaulPhilips and I were having. I am completely against offshore companies registered in tax havens where they do no business. They should not be allowed to invest in the UK (or anywhere if I had my way). They are for cheating countries out of tax that would otherwise be paid. They are morally indefensible.

This is on a different scale from making tax deductions that the government has designed expressly to favour certain courses of action - investment in startups for example or green energy schemes.

 

It doesnt matter if its a one man business or a multinational its still avoidance surely?

 

99% of all businesses in the UK are SME's apparently. cant put that in to perspective in terms of tax liabilities and eh, ahem, international trade. tho. who should but doesn't have the ear of the national and, eh, ehem, international Govs chancellor.s

 

As long as any UK business owner has access to the same tax reduction methods, and the reductions are based upon actual expenditure and in actual law ... have at it.

Not all tax avoiders are created equal.

How would you feel if a direct competitor of yours paid zero tax, purely because he pays a tax deductible "franchise fee" to an "overseas owner"? Are you going to say, "Fair play mate!" or are you going to ask questions?

 

You are so wrong.

That post when I referred to you as a "poopyhead" was chock-full of cogency and it turned you around, too.
You'd been so disruptive and self-destructive up until then.

 

Have you had breakfast yet!

 

Zug, Luxembourg...

 

exactly.

 

Can I ask Glid, you have been in Switzerland for some time but it's only in recent years Switzerland has signed up to more openness and visibility within it's banking sector.

I'm not going to ask if you have ever hid money in a swiss bank so the tax man wouldn't see it because the banks allowed that, but what changes have you seen in Swiss banks since the rules change, if any?

 

So why mention it, unless you want to create an impression that he did?

 

Well because if he had, it would have been at a time it was legal too so he would be better placed than you or I on the changes.