Rishi Sunak

KnaresboroughBlue said:
Just out of interest, why would you rely on dividends instead of just paying yourself a higher salary. Is there some benefit to that?
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My income went up and down each month, never knew what I would be earning, one week to the next. No holiday pay, no sick pay.

It would be better for the business in terms of cash flow, whilst taking the minimal salary of £800 a month (I also paid PAYE on that and NI)

I was told I could take 80 per cent of £800 a month but I was not allowed to work, just admin.

In the end, I paid £5k for liquidation back in 2020 and the only person owed money was me, the money I pumped in to try and keep afloat (a matter of pride after 25 years working for myself)

*I'm still waiting for HMRC to officially strike me off because of the huge backlog of businesses folding. My liquidator is confident it will be next month and then I can get on with life again.

The majority of media companies demand you set up LTD companies so they are not on the hook for tax and NI.

Most freelancers derive income from multiple outlets (when you can actually get fucking paid, that is)
 
Sadly I can see there are quite a few tweets appearing about Sunak, his heritage and his Britishness. Mostly from accounts featuring Union Flags, Bulldogs and names like "Terry Patriot" - some people are just fucking scum
 
metalblue said:
Only people who suggested she did was Sky news when the story broke but never mentioned it again, was picked up by a couple of other outlets but again never rumbled on - only that he did which is what he responded to and confirmed he’d had one and revoked it. Thats why I don’t think there has ever been a denial from her. Regardless of the lack of denial it is simply impossible for her to have a green card and simultaneously claim India as her permanent home. That sort of shit ends up with you on a federal charge and facing a long stint in a US prison (you’d also face charges and prison time here).
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In the Guardian article I linked to they quote "a source close to the couple" saying she had one.

I wouldn't say that anything is 100%, but I do think it would have been very easy to deny, especially as she was already in the public eye with the non-dom issue, so arguing that you're keeping her out of the limelight wasn't an issue. An easy win to just say he had one, but she didn't.

Impossible, I'm not so sure about. I can see that it probably wasn't allowed, but that relies on everyone being told everything. There was some talk from US politicians about an investigation as to why he still had a green card, as that was a scandal from their side. From my point of view, it hits on the worst part of this, which is that it appears they would have had to avoid telling everyone the full story in order to get into this position.
 
west didsblue said:
I was only pointing out that a level of charisma is required to do the job he did and that holds true for most aspects of being a barrister, although I do know one who specialises in business and property work who has no charisma at all.
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Fair point. Just that Juries are restricted to the criminal courts in the UK. ;)

That’s not a nice way to talk about the moderator without portfolio...
 
bluethrunthru said:
Sadly I can see there are quite a few tweets appearing about Sunak, his heritage and his Britishness. Mostly from accounts featuring Union Flags, Bulldogs and names like "Terry Patriot" - some people are just fucking scum
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Won't be long before Fuhrage jumps on it too.

All I see when Sunak is on screen is another avaricious Tory. If he improves our lot I'll put my hands up.

If I was him I'd want a quiet year economically. Shelve controversial legislation and try and keep things ticking over as smoothly as possible domestically.
 
west didsblue said:
I was only pointing out that a level of charisma is required to do the job he did and that holds true for most aspects of being a barrister, although I do know one who specialises in business and property work who has no charisma at all.
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Horrible thing to say about @gordondaviesmoustache.
 
SWP's back said:
Again you’re failing to grasp the important fact. SHE DOES play by the same rules. She is a U.K. taxpayer on all of her U.K. earnings which is probably considerably more than you and I put together and then increase that number by ten. As a U.K. taxpayer, she is subject to exactly the same tax regimes as anyone else on their U.K. income.

People get upset about this subject for the simple reason that they don’t understand it. We’ve already had people in this thread state she doesn’t pay a penny in tax when it’s likely she’s already paid more than many of us will pay in a lifetime (rightly so as her U.K. income is huge) but “non-Dom” isn’t some vague loophole. It’s a legal definition and only stops her paying tax on foreign income. (That’s ignoring the fact she’s since decided to pay U.K. tax on that income - which is stupid in my opinion but is obviously to stop these arguments made by people that don’t understand relatively simple tax rules)
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This is a very good post and extends the misunderstanding too that paying less tax legally is different to paying less or even no tax illegally. Almost everyone with a brain and any sense will aim to reduce their tax bill within the bounds of what's legal. The reason why is why wouldn't you?

How many people have a salary sacrifice car or participate in their cycle to work scheme or have healthcare benefits at work? In fact how many people have a pension? If you have any of these things then well done you're a dirty tax dodger.

Some of the self-righteous on here need to ask themselves why aren't you paying all of your excess income as voluntary contributions? I can guarantee that none of you are because everyone wants to keep as much of their money for themselves.
 
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Manchester33 said:
The only way to save the London housing market is to improve the internet around the rest of the country. When people start to cotton on that they can live in a beautiful part of the North, with a lovely house and plenty of land for a third of the price - while working remotely, inner-city housing will crash spectacularly.
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They also need to make the trains more reliable and more affordable. They should be run for the benefit of the public.

Unfortunately the tory government and their donors don't want to see the inner-city housing market crash any time soon given half of them are landlords.
 
Mon Autre said:
7bac4e8759e04d7d37202d5a1fe27b52--the-london-fair-trade.jpg

Not only that, but over £1m of Corbyn's net worth is tied up in the fact that he owns and lives in this house. He would be the first to say that it's totally messed up that the state of the housing market has got us to the point where you're looking at a million to live in a a house as unspectacular as that.
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Jack Straw's house in Blackburn was terraced house with no garden, serious doubt it was his only home though.
 
inbetween said:
This is a very good post and extends the misunderstanding too that paying less tax legally is different to paying less or even no tax illegally. Almost everyone with a brain and any sense will aim to reduce their tax bill within the bounds of what's legal. The reason why is why wouldn't you?

How many people have a salary sacrifice car or participate in their cycle to work scheme or have healthcare benefits at work? In fact how many people have a pension? If you have any of these things then well done you're a dirty tax dodger.

Some of the self-righteous on here need to ask themselves why aren't you paying all of your excess income as voluntary contributions? I can guarantee that none of you are because everyone wants to keep as much of their money for themselves.
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I do most of it, AVCs.
 
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