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Quote of the Day.

We are always happy to help the increasing numbers who want to disentangle themselves from the increasingly fruitless practice of tax avoidance.’

An HMRC spokesman.

13 Comments

  1. Single Acts of Tyranny says:

    God alive, they are clueless

    http://en.wikipedia.org/wiki/Tax_avoidance

  2. Julie near Chicago says:

    For some reason this reminds me of the recent plea to the House Ways & Means committee to milk the customers (that would be us) for another $ 6 bn. or whatever it was, so the IRS can afford to “give the American people the service they deserve.” IKYN.*

    *I Kid You Not.

  3. Mr Ed says:

    HM Treasury is always happy to receive cash donations.

    http://www.telegraph.co.uk/news/newstopics/howaboutthat/6583569/Stuck-for-charity-gift-at-Christmas-Give-to-the-Treasury.html

    What a way to insult a libertarian!

  4. NickM says:

    Mr Ed,
    Have you seen how much they get? If I rattled a tin in Albert Sq. Manchester for the “Gary Glitter Fund” I’d get more.

    More, perhaps, to the point is SAoT… Yes, there seems to be continual attempt at “evasion = avoidance”. It does no more than “consensual sex = rape”. It is quite concerning.

  5. Julie near Chicago says:

    Nick. I will second that. It really is worrisome. And it’s maddening, like a fly or mosquito that keeps buzzing around your face that you can’t quite seem to smack.

  6. Single Acts of Tyranny says:

    NickM O/T but as Cats aviation consultant, what’s the deal with the delayed F-35 program in the UK? I thought we just bought planes complete and flew ‘em after the requisite pilot training?

  7. Paul Marks says:

    “Give us all your money – and we will be happy to accept it”.

    It also means that legal tax avoidance is no longer an option – thus leaving only two options.

    Either hand over to the state most of what you earn (if one counts taxes on spending as well as taxes upon income – including so called “National Insurance”) or illegally evade taxes.

    No other options are offered any more.

  8. Mr Ed says:

    Once the premise that the State may help itself to whatever it needs from your income or property is accepted, the argument over the percentage or threshold is simply special pleading, and nothing more.

    The idea that the State is the priority over the individual “Gemeinnutz geht vor Eigennutz”- ‘the common good before the individual good’, as they used to say in Germany in their more overtly collectivist days, is widely propagated in the media and seems to pass unchallenged.

  9. NickM says:

    SAoT,
    It is not O/T because it is a prime example of gov waste. There are so many issues with F-35 that I no not where to begin. Essentially we are seriously on the hook for it because we are 15% partners. There is a consortium lead by the US and we are their mini-me. Another 6-7 countries are partners but in a very small way. BAE Systems builds quite a bit of it. It is a total mess for an aircraft that isn’t very good – a RAND study concluded, “It can’t turn, it can’t fight and it can’t run”. And they are not the only ones.

    Here is a factoid for you. I seem to recall reading somewhere (I’ll have to check this sometime) that bits of it are made in 48/50 states. That’s how you gold-plate a program.

  10. John Galt says:

    We are always happy to help the increasing numbers who want to disentangle themselves from the increasingly fruitless practice of tax avoidance.

    I think the point here being that it may well end up that because of tax avoidance it is HMRC who are bereft of fruit to feed into the never-satiated maw of the UK treasury, but successful tax avoidance can still be achieved and for those who have got deep pockets and armour plated lawyers it is still a chase that is worth the catch.

    Sure, you get idiots like Robert Gaines-Cooper who play fast and loose with residence rules or the likes of Jimmy Carr and two of the four remaining Take That members who were caught up trying to abuse never-never loan arrangements or companies which generate artificial losses to make non-existent films.

    Some will get caught, but many will get away – the fact that people are still prepared to risk the wrath of the taxman, plus repayment of tax, plus interest, plus penalties tells you all you need to know about UK taxes.

    For those earning above a rather meagre limit, taxes are too high and those that can avoid them will do.

  11. Mr Ed says:

    Surely it is a good thing that people make non-existent films rather than the drivel that most films are these days? If it somehow saves someone from paying more tax, that is an added plus.

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