Tax Avoidance 101: Investing in British film

[ahinton]

Amsy, it's simple. The government will simply spend it on wars with countries like Afghanistan, Iraq etc if there's any left over from giving it to people who won't or can't work. (and there is none left over, our welfare spend is bigger than the revenue the government collects throughout the year!).

People should pay what they are legally required to pay, and if they can reduce that bill legally, they should.

It will help make us all more self-reliant and the nation stronger!

Agreed - well, I'm not quite sure about the last bit but I certainly agree with the rest!

[ahinton]

Chuffing priceless!!!!!

"Chuffing"? Quoi?

P.S. Only child were we

Is that meant to be a sentence?

[Beef Oven]

"Chuffing"? Quoi?


Is that meant to be a sentence?

You asking me?

[JohnSkelton]

sounds good

Triffic. I always knew those 15 years in the French Foreign Legion would come in useful .

[Beef Oven]

Triffic. I always knew those 15 years in the French Foreign Legion would come in useful .

Amazing! That's where my world view was formed!

[ahinton]

You asking me?

Yes - and, in this particular instance, I am not expecting a response from anyone else since no one else would be in a position to answer it with authority.

[Beef Oven]

Yes - and, in this particular instance, I am not exectoing a response from anyone else since no one else would be in a position to answer it with authority.

Ok then, here goes. It was as much a sentence as exectoing is a word.

[ahinton]

Amazing! That's where my world view was formed!

What an extraordinary coincidence! It's perhaps as much a wonder that you and JohnSkelton didn't happen to meet thee as it is that either of you put up with it or it put up with either of you for so long. Did either of you pay any tax on any income that you were paid while in it?

[ahinton]

Ok then, here goes. It was as much a sentence as execting is a word.

...and as much as the likelihood that you'd check for corrections as above, presumably. Anyway, there's no particular need for you to answr that question if you don't feel disposed to do so. Anyway - back to taxes and their avoidance...

[Beef Oven]

What an extraordinary coincidence! It's perhaps as much a wonder that you and JohnSkelton didn't happen to meet thee as it is that either of you put up with it or it put up with either of you for so long. Did either of you pay any tax on any income that you were paid while in it?

I've paid more tax than you've had hot dinners son - don't get me going on that one!

[Lateralthinking1]

So many comments today I couldn't possibly do each one justice.

- I am impressed by the manner in which tiny islands, from Jersey to the Falklands, must be asked for their opinions. If only we applied the same principle to the mainland but then plebiscites are not for the majority who are simply seen as plebs. I can see the point of Mebyon Kernow.

- The best way of doing everything possible to minimise payment of tax is to have an annual income of less than the tax threshold. Increasing numbers of people are being 'nudged' by the Government towards that greater morality apparently.

- The self-reliance notion of excellence, vis a vis no taxation and the withdrawal of benefits etc, has several flaws. First, nearly every politician who has ever advocated it was wholly reliant on the wealth of Daddy. His wealth then shaped their 'independent, enterprising', lives. Next, that in itself, by definition, provides special access to personally favourable law that works against the commoners' law that they themselves introduce and enforce on others. In all ways, it is contradictory, and bound to implode.

- Further, as any ten second glance at the picture in the round will reveal, those who aren't wholly self-reliant don't simply fall into the easy Violet Elizabeth Bott category of "I shan't". They are also in the categories of "I'm trying to be but the political system won't let me be" - no jobs etc and, for a myriad of reasons, "I can't be" - human limitations, illness, caring responsibilities etc.

I could say that I am personally more self-reliant now than I have ever been in the past. If so, I have never been as lacking in contribution to this country in my life. It gives me insights into how those with huge wealth often are from the cradle to the grave. Theoretically I could do a 70 hour week but I am incapable of doing anything in a climate of dissuasion based on age, alleged narrow experience, perceived foibles such as being against almost everything this country does now, and much more, genuine responsibilities to others, and an absence of opportunity, along with the health impacts of bullying by elites which is simply getting worse. The message I am getting is that I am being forbidden to work. If David Laws returns, it will be 20 times more dire.

Still, I recognise the psychological usefulness of techniques based on diametrical opinion. It gives one the choice about whether to choose entrenchment, particularly where there is also a stranglehold. Youth might ask questions. In my case, it's a no brainer.

[ahinton]

I've paid more tax than you've had hot dinners son - don't get me going on that one!

Since you have no more idea how many hot dinners I might have had that I do as to how much tax you've paid in your life to date, that's a rather specious remark, particularly since you cannot calibrate the one in terms of the other (unless you're referring to numbers of pounds). I am certainly not your son, as no doubt you are already aware. Anyway, I hope that you have not paid too much tax and that your time in the French Foreign Legion did not result in your having to go to the trouble to set up a company based in Monaco in order duly to minimise them...

[ahinton]

- The best way of doing everything possible to minimise payment of tax is to have an annual income of less than the tax threshold. Increasing numbers of people are being 'nudged' by the Government towards that greater morality apparently.

Whilst that's true up to a point, it has nothing to do with morality but everything to do with the personal income and capital gains tax allowances set by successive governments in successive Budgets and, in any case, that tax liability minimisation is possible only because of one of many government-sponsored tax avoidance schemes - because those personal allowances are just that.

[Beef Oven]

Since you have no more idea how many hot dinners I might have had that I do as to how much tax you've paid in your life to date, that's a rather specious remark, particularly since you cannot calibrate the one in terms of the other (unless you're referring to numbers of pounds). I am certainly not your son, as no doubt you are already aware. Anyway, I hope that you have not paid too much tax and that your time in the French Foreign Legion did not result in your having to go to the trouble to set up a company based in Monaco in order duly to minimise them...

Chillax son, it's not a literal phrase. Get yerself down the British Legion and have couple of milds!

[amateur51]

Amsy, it's simple. The government will simply spend it on wars with countries like Afghanistan, Iraq etc if there's any left over from giving it to people who won't or can't work. (and there is none left over, our welfare spend is bigger than the revenue the government collects throughout the year!).

People should pay what they are legally required to pay, and if they can reduce that bill legally, they should.

It will help make us all more self-reliant and the nation stronger!

Ah right Beefy.

You wrote "I believe it's everyone's moral responsibility to pay as little tax as possible." and I took you literally and thought you were suggesting tax avoidance.