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lancashirelove Posts: 1986 Joined: 18th Feb 2009 Location: UK | quotePosted at 11:35 on 17th January 2011 Highly paid soccer stars and celebs are useing a loop-hole in the tax laws to avoid paying tax at the legal rate. One such player, faced with a tax bill of £623,000 on a 'slice' of his earnings, coughed up just £25,000. They form an 'Image Rights Company' and have part of their 'mega' income paid into them. Then, using their Directors status, 'loan' money from that company as a Directors 'loan', paying only 2% tax. repaying the 'loan' later when tax rates reduce or simply 'folding' the Image Company to avoid paying tax completely. |
James Prescott Posts: 25952 Joined: 11th Jan 2010 Location: UK | quotePosted at 11:54 on 17th January 2011 ive read it mike ---very disturbing,still who do you blame,if it werent for the clowns paying to go watching em they wouldnt be earnng that much--bring it on.  |
| lancashirelove Posts: 1986 Joined: 18th Feb 2009 Location: UK | quotePosted at 12:16 on 17th January 2011 This is the 'unfair' part james, those at the 'top' can afford to pay an accountant to save on paying taxes, and they do. But the average Jo Bloggs, paying his way as he goes, has to 'toe the line' If they are sick, disabled or on low fixed income they are looked on as 'scroungers' and made to feel guilty claiming even 'token' benefits to survive from day to day. Not all well-off people 'fiddle' their taxes, the decent pay their share, but in the same vien, not all benefit claiments and low paid are scroungers, and must not be seen as such. |
| Sk Lawson Posts: 4014 Joined: 7th Oct 2010 Location: USA | quotePosted at 20:10 on 17th January 2011 This is nothing new...Kenny Lay and George Bush doing the same thing... pretty much shut down our School system from their greed and it forced the schools to classify many of the students as having some kind of "disabilty" to get federal funding also. He raised our electric bills by now 45 per cent since 2001...where as the public is expected to pay this billing fraud...have been lucky to get an 3 per cent cost of living raise and Obama has not given social security checks even that for the last two years. You can not blame most Americans from feeling like rounding them all up and sending them to the moon someday...when they ask how they are suppose to live, just say...I don't know...your leadership did that to us...forced us to live off "nothing".. from exhorbitant costs and no wages to cover them. Our system is suppose to be an "balance" from inflow and outflow,,, and don't let anyone else tell you differently. Kenny Lay went down the tube...and I'm fairly well "God" will send judgement to anyone else tries this also..without anyone else havnig to be concern...as he knows this is inhumane. |
Ron Brind Posts: 19041 Joined: 26th Oct 2003 Location: England | quotePosted at 21:56 on 17th January 2011 That's business Mike regardless of which party you support! A racket yes, but until they get people in power like you and me nothing is ever going to change,,,,,,so, nothing is ever going to change! Lol |
Beth Austin Posts: 1090 Joined: 14th Sep 2007 Location: UK | quotePosted at 07:42 on 18th January 2011 RON for P.M......... MIKE...for Ex Chequer
Place your votes here ! Support For x Support Against ( not available at this time lol) |
| lancashirelove Posts: 1986 Joined: 18th Feb 2009 Location: UK | quotePosted at 10:11 on 18th January 2011 Lol Beth, I struggle to keep my own finance in check (I've never tried it using other peoples money though, interesting!) No, I believe in 'horses for courses', trouble is we seem to be getting 'donkeys' in there. Brown did a reasonable job in number 11 but was a disaster when he moved to number 10 and everyone knew he would be that's why the press wanted blair to move over and let him loose. PS (I dont think Ron would like me living next door to him anyway, lol!) As an interesting footnote Beth, one of my ancestors WAS a Chancellor in the sixteenth centuary, see below link |
cathyml Posts: 23275 Joined: 25th Jan 2010 Location: South Africa | quotePosted at 10:58 on 18th January 2011 It occurs to me that at least you are both more likely to be thinking of England rather than Europe!! Maybe it wouldn't be such a bad thing! Ummmmmm Ok, you get my x (lol) |
| lancashirelove Posts: 1986 Joined: 18th Feb 2009 Location: UK | quotePosted at 12:32 on 18th January 2011 MMMM now lets see, £100 in the post to Beth, £100 to cahtml in south Africa (anyone got a stamp with the Queens head on it and an airmail envelope?) |
| cathyml Posts: 23275 Joined: 25th Jan 2010 Location: South Africa | quotePosted at 13:13 on 18th January 2011 I've plenty of stamps with the Queen's head - used unfortunately - but I could send you an envelope though, LOL At the current exchange rate 100 quid would go quite a long way here. |
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