1. Make your mind up, they either plug them or they don't. or grow a pair and admit when you might have been wrong. I've done it more than once in this thread. It's called being a grown up.
2. Loopholes are exposed when they are used. Details have to be given to prove to mr tax man that the avoidance is legal. It just takes time get the legislation through to fill them. This is why the big accountants hold back on using new loopholes until the old ones are filled. It has nothing to do with the media.
So now you've gone down the personal insult route? I'm not someone of importance so you don't actually read what I say you just read what you want to see and skip the rest. Thank you for confirming what I have been saying all along.
I too quoted it directly with the subtle difference of putting in bold the part that you seemed to be ignoring. But at least now I know why. I'm not someone of importance so you don't read all I write. Go you!
Wrong, plain and simple wrong. Read a few Budget reports. There is always plenty in them about plugging loopholes. Just because you read it in the paper doesn't mean it's true.
I spoke about you not reading everything people say earlier and you have just proved my point. How could you possibly ask if I have looked at the link if I quoted part of it in a reply to you? Unless you didn't read all I said, or your brain simply won't let you acknowledge stuff that goes against your argument.
Are neither of those valid. Do you really believe that tax avoidance is a government idea?
I agree it's a big leap and probably a bit far so I apologise. Do you honestly believe the stuff written in that link though? Search deep down, look at the world around you. Do you really think it's true?
I read that yesterday or the day before. It was written for people like you and the very fact that you have posted it confirms all I thought about you and your posts.
Don't forget your tinfoil hat to stop the government mind radars.
It was labour that changed the company car benefit rules not the Tories. Also I think you have either typed this out wrong or someone is giving you wrong advice.
An employee pays tax on the assumed benefit of being given a company car/van for his own personal use (this includes driving it to and from work). The benefit is worked out as a percentage of it's price when new. The percentage used is based on it's carbon emissions with adjustments for if it's a diesel. Edit: if it was a van given to an employee for personal use they would have been better off signing the van as a bonus. Then the emloyee would only pay tax on £800 of benefit
If the van is a company van that is used by anyone in the company only for company business then no one person pays tax to use it.
Can you guess what I do for a living yet?
They fight harder than you think they do. The problem is the good accountants have always another loophole up their sleeves.
YOU may not have a problem with the market price being paid for the right man to do the right job but the daily mail etc has a bigger voice than you.
This is illegal, claiming a tax break on something you shouldn't. If you KNOW this is happening for sure. Then shop them. I doubt though that you have access to Co-op's tax return.
Your figures are way out.
We pay no tax on the first £7475 we earn
We pay 20% on the next £35000
we pay 40% on the next £115000
we pay 50% on anything over that.
before Brown took the 10% away from April 2008
we paid no tax on the first £5225
we paid 10% on the first £2230
we paid 22% on the next £32370
we paid 40% on anything over that.
He changed it to
we paid no tax on the first £6035
we paid 20% on the next £34800
we paid 40% on anything over that.
After an out cry about the poor he changed the no tax bit to £6475 to make up for the bit that the poor lost on the 10% thing. (this was still not fair but I have typed enough)
If "The family shop" are paying less than 1% income tax then they are paying huge fees to the accountants who manage these savings for them (typically 25% of the amount of tax they saved). This doesn't mean the government wants this to happen though. It doesn't mean the government aren't fighting to stop it happening.
In every budget there are changes to close tax avoidance loopholes. These accountants earn way way more than MP's, HMRC tax experts etc. It's no wonder they win. What happens if HMRC offers silly salaries to attract these people though? You get outcries that a civil servant should never earn that much.
I was waiting for that one. The government fills the holes when they are found, then the clever accountants find new holes (or use ones that they already found but were holding back). It is not the governments choice that these super rich manage to avoid some taxes. Even with the avoidance though they still pay a lot more that the average working man. Then there are all the taxes that flymike mentions.
Add on top of that the extra indirect taxes (VAT etc) that the rich pay as they spend more on luxury goods than the poor.
Hahahahahahahahahahahahahahahahahahahaha, Now I know you are just a looney. What do you think benefits are? Where do you think the money comes from to pay for those benefits? Taxes that the rich people pay?
A typical example of not reading the words and missing out the ones that don't suit your agenda.
I've put the bold bit in so that you can't conveniently skip it this time.
In that case I apologise for my comments that were directed at you.
I think you need to up your reading skills Becky. You consider me right wing right? I've been trying to say that it doesn't matter if you are rich or poor. It's the values you are taught and the way you are bought up that counts. Look at David Gilmore's son? He certainly isn't poor.
Now to quote our resident left winger who appears to be saying what you state the right wingers are saying
Are everyone that lives in these area's out rioting? I'm sure you'll find there are plenty that stayed at home watching the telly with as much disgust as others. Then there will be people travelling in from more affluent areas to join in.
What is heart warming is the communities that are gathering together to help clean up afterwards.
5haz, you should stop making assumptions about people. The fact my parents taught me good values does not mean we were not poor. It does not mean they were always able to be there for me. It does not mean that they both didn't have to work very hard. They gave a shit and wanted me to grow up with good values.
As for the rest of it there is no point trying to reply as you'll just ignore it and spout the same old bullshit over and over again and quite frankly I'm tired of reading it.
"the people have been screwed over in favor of the needs of corporations or career politicians."
Governments have been doing this for hundreds of years not just the last 40. THAT was my point. I'm a child of the 70's, I was taught respect. I was taught that if you want something you work for it. If I got into trouble when I was out I was more afraid of my mother and father finding out than anything else. I will try to teach my daughter the same values.
You really have no idea. Half the country out of work? Empty supermarkets? It would be a whole different level of suffering. No exageration. Banks are so much a part of what makes the world work these days that they cannot be simply left to fail. I agree the bankers should have suffered but your solution is just bonkers. Unfortunately it isn't even as simple as taxing them huge amounts as they'll just vote with their feet and UK will be screwed again. It's a mess, no denying that.
Many people have been saying for years that our youth are going to one day be out of control because they are pandered to the whole time. Police are left powerless, school teachers can't even raise their voice any more. Coupled with the reasons you give,yes I agree it's part of it. The only surprise is that it took till now to happen.
So how about some workable solutions that don't involve bankrupting our country?
You think this didn't happen before the 80's Which is when you are saying that people started losing respect which has lead to youths thinking it's acceptable to riot and loot.
You clearly have no idea the state this country would be in if the banks were not bailed out. It pisses me off too that these bankers screwed us over and are now getting bonuses again but I still agree with the bailout. The alternative would have been a whole world more pain that you seem to think based on that paragraph.
You are the one who said you wanted a intelligent debate and thanks for deciding for me what I would read and what I wouldn't. Arrogant one liner "hints" does not make an intelligent debate. I hope I wont be rising to any more of your bait.
Did you state earlier that this has been brewing since the 80's? Wars of questionable importance and bank bail outs happened recently. Make your mind up.
So you think that the banks should have been left to fall so that we didn't have to make the cuts in order that the country doesn't go bankrupt? Have you any idea what would have happened if the banks fell? Many many big businesses that employ thousands of people are run on huge overdrafts. If a bank fell the overdraft would no longer be available and hundreds of thousands of people wouldn't get paid. Then you would see some real riots.
And you didn't say that in your previous post. The nearest you said was "Oh and another hint, cutting public services is not the place to start if you want people to value their community." Maybe if you tried actually stating your thoughts on what can be done rather than giving "hints" as if you are trying to teach us. Then you might get some intelligent debate that you say you want.
You make a lot of assumptions there 5haz. You have not seen the whole thread so you have no idea what he is replying to. I posted it for the little story, maybe I should have snipped the rest.
DeadWolfBones, I've known the poster for a number of years and I believe it. You believe what you want.
For the record I don't believe the answer is "send in the army and shoot the chavvy lower class scum" but I also don't believe the answer is to give them more free stuff.
As far as intelligent debate is concerned, I haven't seen any of that in this thread. Mostly it's an attack on and unfounded accusations against Intrepid. 5haz, If I have have missed the bit where you suggested solutions then I apologise and ask that you point it out.
Classic "dammed if they do and dammed if they don't"
Lets face it the general forum section on iRacing is extremely hostile. Many people stay away from the general forums so the negativity is amplified. That forum section makes the LFS tyre progress threads look friendly.
Again, sorry bbman, I didn't mean my post to have a go at you really. I'm not that good with the written word.
It's changed from consensus to unanimous now. Or is it just your opinion that it is unanimous?
I do apologise if I read the below to mean you considered it fact that it was not in game sound. Was you actually questioning the consensus with this statement?
I should also maybe have quoted this (or only quoted this) with my post as it was much closer to stating an opinion as fact than your post.
Don't take what I say to heart though. This is the internet after all and I was purely making a comment about internet forum behaviour.
It's amazing how a number of customers who have no more information than the rest of us can post their opinion on something then all of a sudden it becomes FACT!
It's been less than 12 days which is not even 2 weeks, let alone "a few weeks". Who'd have thought it, someone on lfsforum exaggerating about the amount of time taken to give and update/results!
Razvan, have you ever had a new born child to look after? It takes up almost all of your time and energy.
I also have the problem of having a hard drive crash recently and all the tools I used to get the data I need out of the sql files were on that hard drive. Luckily I have back ups of the the start and end sql files but it will take me a while to find the right tools and then extract the data.
Do not worry though. The cash in safe in a Paypal account and I hope to have some results by the end of the month.
I've been a bit busy lately with a new addition to our family a couple weeks ago. I have all the data backed up that I need and will announce something soon.