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> MP's Making Tax Returns Public
Cognosco
post Apr 10 2016, 06:52 PM
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I look forward to scrutinising our local MP's tax returns...........if he decides to join the bandwagon of other Politico's making theirs public according to the media today? rolleyes.gif


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On the edge
post Apr 11 2016, 07:05 AM
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It's another wind up, just to deflect attention from the real issues that confront us.

Cameron has actually done nothing wrong at all. However, just like some of the commercial tax 'shock / horror' issues, the issue is simply demonstrating that our tax rules and regulations have not been created with any great competence. That says more about our backbench MPs and the senior civil servants doing that work ad opposed to the Prime Minister.

Of course, the Government could and probably could easily stop the tax haven status of certain colonies; either by direct rule, or undoing the imperial hold and giving them independence. However there are still tax havens over which we have no influence at all.

Ironically, the Conservatives actually stumbled on the answer some months back. That's where Boris Johnson was bemoaning the fact that his dual citizenship made him liable to pay tax in both Britain and the US. Actually, that's the right approach, you want to stay in the club, you pay the membership dues. Citizenship works both ways; we should do the same.


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spartacus
post Apr 12 2016, 07:00 PM
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QUOTE (On the edge @ Apr 11 2016, 08:05 AM) *
It's another wind up, just to deflect attention from the real issues that confront us.

Cameron has actually done nothing wrong at all. However, just like some of the commercial tax 'shock / horror' issues, the issue is simply demonstrating that our tax rules and regulations have not been created with any great competence. That says more about our backbench MPs and the senior civil servants doing that work ad opposed to the Prime Minister.

Of course, the Government could and probably could easily stop the tax haven status of certain colonies; either by direct rule, or undoing the imperial hold and giving them independence. However there are still tax havens over which we have no influence at all.

Ironically, the Conservatives actually stumbled on the answer some months back. That's where Boris Johnson was bemoaning the fact that his dual citizenship made him liable to pay tax in both Britain and the US. Actually, that's the right approach, you want to stay in the club, you pay the membership dues. Citizenship works both ways; we should do the same.

I agree. It's all a bit strange that this is getting people like Cognosco so wound up. I can only assume it's the green-eyed monster that has taken over and they're envious of the money and position. Or this particular attack is some toff-baiting, flog the public schoolboy thing. Benyon is rich and people want to pry, but why?

Personally I have an ISA. So does my wife. We also pay Additional Voluntary Contributions towards our pensions on the understanding this is helping us on the tax liability front. Probably find Congnosco et al do exactly the same thing but don't consider it tax avoidance, just sound financial management. If I had a considerable sum in the bank that might be swallowed up in death duties I'd be looking for ways to help my siblings or offspring in any way possible too.

And if it wasn't legal there would be a heck of a lot of Indepedent Financial Advisors out of work.

If Congnosco and others are so excited about seeing DC's tax returns or Richard Benyon's or anyother MP why just stop there? Why not the tax returns for NHS Consultants that are on similar (or more) wage to the PM? Or more locally Mr Dick the Superhead at Kennet School who is on more salary (public money) than the PM? It's intrusive but if it's 'justified' for Cameron then why not Mr Dick?
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spartacus
post Apr 12 2016, 07:21 PM
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For me it's the likes of Diane Abbot who I'd like to see exposed..... (NOT in that sense unless I had some eye-bleach to hand).. Very vocal on all matters of equality and social justice except when it comes to her own particular situation. Then she calls in her lawyers.

I can see this picking up steam and there will be some coup which will see Bumbling Boris taking over the reins of the Tory Party.. What a prospect. In fairness our 'special relationship' with USA would improve as we could have two jokers in power with Boris and Trump at the helm...
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Andy Capp
post Apr 12 2016, 07:31 PM
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I see nothing wrong with tax avoidance, except when the people in power are able to benefit from the loopholes they make, or fail to close.
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spartacus
post Apr 12 2016, 08:26 PM
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QUOTE (Cognosco @ Apr 10 2016, 07:52 PM) *
I look forward to scrutinising our local MP's tax returns...........if he decides to join the bandwagon of other Politico's making theirs public according to the media today? rolleyes.gif

This is becoming quite fun in some respects... I'm enjoying Corbyn's tax return, 5 days late which he was fined for and it seems he didn't keep copies. oh, and also failed to mention earnings given for lectures he gave. Just shows what an inept and deluded fool the marxist dinosaur is. If he wasn't the monkey wearing the right rosette in the champagne socialist utopia that is Islington he'd probably be some third rate college lecturer waiting for his state pension having paid in the very minimum in tax over his "career "

Be careful when kicking a hornets nest.

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spartacus
post Apr 12 2016, 08:31 PM
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Oh, and I like this.... I wonder how much airtime BBC journalists will give to this angle of the whole story of off-shore banking?

They've been falling over themselves over the last few days to put the boot in regarding CMD's £30,000 worth of shares... while a bit of probing of the Panama Papers it seems that Auntie Beeb have £84,000,000 tucked away in an account in Bermuda

BBC hypocrisy

But they're investing their pension fund..... so all this of course is perfectly legal...

Who would have thunk it.
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spartacus
post Apr 12 2016, 08:44 PM
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Another video with an expert in tax affairs perfectly sums up this much ado about nothing 'news'....

Man makes modest investment and pays tax shocker
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Turin Machine
post Apr 13 2016, 09:05 AM
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QUOTE (spartacus @ Apr 12 2016, 09:26 PM) *
This is becoming quite fun in some respects... I'm enjoying Corbyn's tax return, 5 days late which he was fined for and it seems he didn't keep copies. oh, and also failed to mention earnings given for lectures he gave. Just shows what an inept and deluded fool the marxist dinosaur is. If he wasn't the monkey wearing the right rosette in the champagne socialist utopia that is Islington he'd probably be some third rate college lecturer waiting for his state pension having paid in the very minimum in tax over his "career "

Be careful when kicking a hornets nest.

And guess who also invests in offshore trusts? Unions and rather unfortunately the above mentioned Islington council. Laugh? I nearly smiled.


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Cognosco
post Apr 13 2016, 06:24 PM
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QUOTE (spartacus @ Apr 12 2016, 08:00 PM) *
I agree. It's all a bit strange that this is getting people like Cognosco so wound up. I can only assume it's the green-eyed monster that has taken over and they're envious of the money and position. Or this particular attack is some toff-baiting, flog the public schoolboy thing. Benyon is rich and people want to pry, but why?

Personally I have an ISA. So does my wife. We also pay Additional Voluntary Contributions towards our pensions on the understanding this is helping us on the tax liability front. Probably find Congnosco et al do exactly the same thing but don't consider it tax avoidance, just sound financial management. If I had a considerable sum in the bank that might be swallowed up in death duties I'd be looking for ways to help my siblings or offspring in any way possible too.

And if it wasn't legal there would be a heck of a lot of Indepedent Financial Advisors out of work.

If Congnosco and others are so excited about seeing DC's tax returns or Richard Benyon's or anyother MP why just stop there? Why not the tax returns for NHS Consultants that are on similar (or more) wage to the PM? Or more locally Mr Dick the Superhead at Kennet School who is on more salary (public money) than the PM? It's intrusive but if it's 'justified' for Cameron then why not Mr Dick?


Not exactly wound up but a bit miffed that the rules do not apply to all. Anyone who is on PAYE is unable to keep their earnings secret from HMRC eyes.

Again no problem providing any facilities are available to all not just a select few..........especially when the select few are the ones making the rules.

Not excited in viewing anyone's tax returns, I don't think it will reveal very much anyway as they would not be making them public if there was anything to reveal would they? I don't think that very many MP's will be making tax returns public.......at least for a while or until other arrangements have been made? rolleyes.gif
You would probable have to view their respective spouses and other members of the families tax returns to get a very rough idea of what they are paying to HMRC.
As others have stated it is very easy for certain members of society to hide income from HMRC but not very easy for the average pleb. Not only that it is the supposedly vast figures that the select few are not paying back to society that is the problem.
Our Conservatives state that the select few who amass vast figures of wealth is good for society and it has a trickle down effect to the plebs as well. But figures now state that the gap between rich and poor has increased dramatically over the last ten years.



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On the edge
post Apr 13 2016, 08:48 PM
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Yes, Cog, nothing ever changes. Like it or not, we still live in an aristocracy and us peasants simply need to know our place, those that do are content.



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Turin Machine
post Apr 13 2016, 11:13 PM
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"Jeremy Corbyn failed to declare a third pension on his HMRC tax form, it has emerged, as he refused to disclose documents regarding his full tax declaration last night.

Following the Labour leader's admission that he neglected to include his state pension or previous local government pension on his tax return, a spokesman for Mr Corbyn said yesterday that a third pension was also missed off the official document.

It came as the Prime Minister ridiculed Mr Corbyn's tax return for being: "A metaphor for Labour policy. It was late, it was chaotic, it was inaccurate, it was uncosted".

Fnarr fnarr!


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Andy Capp
post Apr 13 2016, 11:15 PM
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QUOTE (spartacus @ Apr 12 2016, 09:26 PM) *
This is becoming quite fun in some respects... I'm enjoying Corbyn's tax return, 5 days late which he was fined for and it seems he didn't keep copies. oh, and also failed to mention earnings given for lectures he gave. Just shows what an inept and deluded fool the marxist dinosaur is. If he wasn't the monkey wearing the right rosette in the champagne socialist utopia that is Islington he'd probably be some third rate college lecturer waiting for his state pension having paid in the very minimum in tax over his "career "

Be careful when kicking a hornets nest.

He's aparently paid more tax than he needed to and could be in line for a rebate.
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Turin Machine
post Apr 14 2016, 01:02 AM
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QUOTE (Andy Capp @ Apr 14 2016, 12:15 AM) *
He's aparently paid more tax than he needed to and could be in line for a rebate.

He's in line for something, don't think it's a rebate though.


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gel
post Apr 14 2016, 06:02 AM
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QUOTE (Turin Machine @ Apr 14 2016, 02:02 AM) *
He's in line for something, don't think it's a rebate though.

A very comfortable taxpayer funded retirement:
http://www.telegraph.co.uk/news/2016/04/12...nsion-revealed/

Like many socialist MP's he has only ever worked in public sector/unions.
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Simon Kirby
post Apr 14 2016, 05:10 PM
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QUOTE (gel @ Apr 14 2016, 07:02 AM) *
A very comfortable taxpayer funded retirement:
http://www.telegraph.co.uk/news/2016/04/12...nsion-revealed/

Like many socialist MP's he has only ever worked in public sector/unions.

Though as a man who rides the bus and grows potatoes on his allotment I figure that Jeremy Corbyn is still very much in touch with the common man.


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Turin Machine
post Apr 14 2016, 06:06 PM
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QUOTE (Simon Kirby @ Apr 14 2016, 06:10 PM) *
Though as a man who rides the bus and grows potatoes on his allotment I figure that Jeremy Corbyn is still very much in touch with the common man.

Yeah, right! I was watching the idiot box a while ago, local elections, one old dear said " ooh Labour, they represent the working man don't they!". And I thought what a good memory she must have, quickly followed by Tony Blair. All snouts in the trough lads! Grab what you can while the goings good! Doesn't matter what colour rosette they wear its all the same. Least the Tories don't bother to pretend.


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Simon Kirby
post Apr 14 2016, 07:39 PM
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QUOTE (Turin Machine @ Apr 14 2016, 07:06 PM) *
Yeah, right! I was watching the idiot box a while ago, local elections, one old dear said " ooh Labour, they represent the working man don't they!". And I thought what a good memory she must have, quickly followed by Tony Blair. All snouts in the trough lads! Grab what you can while the goings good! Doesn't matter what colour rosette they wear its all the same. Least the Tories don't bother to pretend.

We were talking about Jeremy Corbyn specifically, and as politicians go, he seems like a decent stick to me, a modest man with a genuine concern for social justice, but it would be supremely arrogant to suggest that only Labour stood for social justice, and pathetically naïve to think that social justice motivated all Labour activists. However, gel's slur of socialists as sheltered public-sector spongers was just that, a slur, and I think while we discuss politics and politicians in such terms we're responsible for just that one-dimensional kindergarten politics that we kid ourselves we're tired of. We create our own democracy.


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Andy Capp
post Apr 14 2016, 08:09 PM
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QUOTE (Simon Kirby @ Apr 14 2016, 08:39 PM) *
We were talking about Jeremy Corbyn specifically, and as politicians go, he seems like a decent stick to me, a modest man with a genuine concern for social justice, but it would be supremely arrogant to suggest that only Labour stood for social justice, and pathetically naïve to think that social justice motivated all Labour activists. However, gel's slur of socialists as sheltered public-sector spongers was just that, a slur, and I think while we discuss politics and politicians in such terms we're responsible for just that one-dimensional kindergarten politics that we kid ourselves we're tired of. We create our own democracy.

"God darnit, Mr. Kirby, you use your tongue prettier than a twenty dollar whore."
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Simon Kirby
post Apr 14 2016, 08:41 PM
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QUOTE (Andy Capp @ Apr 14 2016, 09:09 PM) *
"God darnit, Mr. Kirby, you use your tongue prettier than a twenty dollar whore."

smile.gif


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