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International Chairman | 14845 | No Team Selected |
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| Quote Rock God X="Rock God X"It wasn't my statement, actually. Standee made the assertion that Premiership footballers routinely dodge tax and used Wayne Rooney as an example. I just chose not to contest that point. I accept though, that for clarity my post should have began:
"If Rooney does in fact avoid tax..."
I'll edit it now.'"
Better to be safe than sorry.
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International Chairman | 7594 | No Team Selected |
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| Quote Richie="Richie"Not really, not when you're asking why a unique situation with a unique company and a unique outcome, was not unique.'"
I wasn't asking that, as evidenced by the words I used and the order in which I used them.
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| Quote vbfg="vbfg"I wasn't asking that, as evidenced by the words I used and the order in which I used them.'"
In which case the scenario is far from unique to companies that employ thousands.
So in answer to "What is it about employing thousands of people that uniquely qualifies you to avoid paying your taxes and then have a special deal thrown at your feet years later rather than a summons?" I'd say that employing thousands of people gives no unique qualification to avoid paying tax, nor is the avoidance of tax unique to those that employ thousands of people.
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| Quote Andy Gilder="Andy Gilder"In the interests of balance, I am aware of one former CEO of a high street retail chain who put his entire £20m settlement package on his "retirement" through PAYE, thereby paying tax and Class 1 NIC on the lot - and have seen the payslip that went with it.
Being super-rich doesn't necessarily mean you're indulging in tax avoidance/mitigation/evasion.'"
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International Chairman | 7594 | No Team Selected |
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| Quote Richie="Richie"In which case the scenario is far from unique to companies that employ thousands.
So in answer to "What is it about employing thousands of people that uniquely qualifies you to avoid paying your taxes and then have a special deal thrown at your feet years later rather than a summons?" I'd say that employing thousands of people gives no unique qualification to avoid paying tax, nor is the avoidance of tax unique to those that employ thousands of people.'"
That's a little closer.
I thank you for answering the rhetorical question aimed at Standee in an entirely non-patronising way after driving all round the houses to avoid the kind of charitable interpretation that most human beings are eminently capable of even though the context was blindingly obvious. It's been a great help.
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International Chairman | 17134 | No Team Selected |
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| Quote vbfg="vbfg"That's a little closer.
I thank you for answering the rhetorical question aimed at Standee in an entirely non-patronising way after driving all round the houses to avoid the kind of charitable interpretation that most human beings are eminently capable of even though the context was blindingly obvious. It's been a great help.'"
No it hasn't. Standee still didn't bother to reply to you.
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Club Owner | 4195 | No Team Selected |
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| I am still trying to get my head round the whole tax high earners thing.
Did we ever work out exactly what constitutes a high earner, and how much you have to be earning before you fit into this bracket?
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| Quote The Video Ref="The Video Ref"I am still trying to get my head round the whole tax high earners thing.
Did we ever work out exactly what constitutes a high earner, and how much you have to be earning before you fit into this bracket?'"
We don't have to, HMRC does that for us.
But for what it's worth, I'd leave the tax rates as they currently are, apart from those earning more than £1 million per year. I'd tax them at 55%, rising at 1% increments every three months. Then when we see a downturn in receipts in one 1/4, we will have found the tipping point and we can drop it back 1% and leave it there.
And before the usual suspect(s) chime in with the "envy" allegation, I'm simply proposing we maximise our resources
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| I think tax at the higher rate kicks in at around £38,000. It then goes up to 50% if you are earning over £150,000, I think.
Someone earning the former figure in London, whilst trying to support a family, is really not that well off.
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| Quote The Video Ref="The Video Ref"I think tax at the higher rate kicks in at around £38,000. It then goes up to 50% if you are earning over £150,000, I think.
Someone earning the former figure in London, whilst trying to support a family, is really not that well off.'"
think the 40% band starts at 42K or thereabouts.
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| Quote The Video Ref="The Video Ref"I think tax at the higher rate kicks in at around £38,000. It then goes up to 50% if you are earning over £150,000, I think.
Someone earning the former figure in London, whilst trying to support a family, is really not that well off.'"
So, you raise the threshold before becoming eligible for tax, then everyone benefits and you tax the richest more to compensate. Then the lower paid benefit more proportionately, as does the economy because the lower paid will spend any extra insted of sqirreling it away. It's called fairness
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| Quote cod'ead="cod'ead"We don't have to, HMRC does that for us.
But for what it's worth, I'd leave the tax rates as they currently are, apart from those earning more than £1 million per year. I'd tax them at 55%, rising at 1% increments every three months. Then when we see a downturn in receipts in one 1/4, we will have found the tipping point and we can drop it back 1% and leave it there.
And before the usual suspect(s) chime in with the "envy" allegation, I'm simply proposing we maximise our resources'"
The cigarettes, alcohol and petrol taxation model.
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International Chairman | 27757 | No Team Selected |
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| Quote Dally="Dally"Nobody in the press seems to question the mantra that cutting the 50p tax rate would be good for jobs, so I will.'"
I couldn't bothered about reading eight pages worth of comment because I'd already heard from a respected economic commentator (the guy from The Times) that there is pretty much no evidence to suggest that cutting the top rate tax band will create jobs.
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International Chairman | 7594 | No Team Selected |
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| Quote Richie="Richie"No it hasn't. Standee still didn't bother to reply to you.'"
I'm not convinced that Standee responding to rhetorical questions is the deciding factor in whether or not something is helpful.
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