Paradise Papers Leak

[SWP's back]

Actually the 'top' 0.1% have 80% of the total off-shore funds.

That’s not true.

 

[SWP's back]

So the question should be who made the rules and who were they made for?

The individual sovereign nations that set their own low tax rates and they made them for the benefit of their individual countries.

It’s not particularly difficult to follow.

 

[SWP's back]

Yet we still paid for her refurbishment

You didn’t. You’re in Australia.

 

[SWP's back]

You know the sebate stopped Obama in alot that he tried to do. You honestly think they can buy Corbyn? Honestly?

Doesn’t matter if he can bought or not. One nation can’t demand that all other nations change their corporation tax rates and America run the show as already stated and explained!

 

[DelToro]

Who on here voluntarily pays more tax than they need to?

Me.

I confess I have never approached an accountant and asked that they create an artificial financial structure so as to help me avoid paying UK tax rates.

I know.

I'm a fucking numpty.

 

[blueinsa]

The poorest earn nothing and therefore do not make any meaningful contribution to government revenues. I didn't say poor, I said poorest. The wealthy contribute most of the income tax revenue. What they do with their spare capital is none of our business so long as they operate within the rules. Investing in off shore funds is within the rules. The capital gains are taxed when they are brought on shore.

This is just envy disguised as moral outrage.

Except they are not and never will pay the full tax liable on their earnings because they are hiding most of it, often in offshore trusts that on the face of them are legal yes but often so fucking murky it makes them morally detestable.

On PAYE you pay what you owe yet if you are rich in this country and many others you can circumnavigate the system to pay less that you owe.

How is that fair?

 

[blueinsa]

Do you publish your bank account details and assets online for everyone to have a read of?

More than happy for anyone to see my wage slip every month as are millions of others up and down the country no doubt.

Fuck all to hide and tax and NI are taken every month without fail ;-)

 

[SWP's back]

More than happy for anyone to see my wage slip every month as are millions of others up and down the country no doubt.

Fuck all to hide and tax and NI are taken every month without fail ;-)

That's not what I asked mate.

No one publishes a breakdown of their income and assets, as such, they are "hidden" from public view.

 

[blueinsa]

That's not what I asked mate.

No one publishes a breakdown of their income and assets, as such, they are "hidden" from public view.

We have to be able to trust in HMRC and that they collect all due monies regardless of person or company and right now, we know that just isnt happening.

For the record and clarity here, i have zero issue in successful people and companies as we need the wealth creators in this country.

All i ask is that Mr X who earns his multi millions or even billions pays whats due and the same with big corporations and whilst i accept someone paying say £20M in a year in tax is a huge amount, its not morally right if he was actually liable for even more going off his earnings that year and we are talking about sums of money here so large that they would make a huge difference to the public purse.

Be a millionaire or billionaire and enjoy it but just pay whats due.

 

[The Light Was Yellow Sir]

That’s not true.

"In all the micro-data we have access to, offshore wealth turns out to be extremely concentrated: the top 0.1% richest households own about 80% of it, and the top 0.01% about 50%."

https://ftalphaville.ft.com/2017/09...-day-offshore-tax-haven-market-share-edition/