Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

Q. "..what do you call tax avoidance then????"

A. Tax mitigation - is one answer.

Tax mitigation and tax avoidance are terms often used to describe tax planning.
They should not be confused with tax evasion which is against the law.

Tax planning, or mitigation is simply the application of UK tax law to minimise UK tax liabilities for taxpayers. It may be considered as getting the best possible deal available within the law.

For instance, my wife and I are currently involved in mitigating tax charges for Inheritance Tax on our estates.

Goldfinger:

If you were to die and are not married then under the IHT Rules, anything you leave in your estate after the first £325,000 will be taxed at 40% for IHT.

eg, Die and have £1m in your estate on death. Deduct £325,000 for IHT relief. This leaves £675,000. The IHT on £675,000 at 40% is £275,000

Now I suspect, that being a tycoon and all that, you might have, let's say, £3m or maybe even more. eg.

£3m less £325,000 = £2,675,000 x 40% = £1,070,000 Inheritance Tax to be paid.

Now is it a case of bollocks to your loved ones! Just let them get on with things and effing pay it! Or, have you made or are you making some plans?

eg.
1. Have you made a will?

2. Has your loved one also made a will?

3. Out of interest, as part of your will and the management of your wealth (and estate), have you done any tax mitigation planning to reduce the IHT on your wealth or estate?

Exec I have lot more than that, many multiples.

But I was put on this planet poor with poor parents, but good parents who taught me wrong from right.

I will ALWAYS pay the tax that I am supposed to pay under present government policy.

I couldnt be further from the CHEATING Gary Barlows SCUM of this so called celebrity culture we have here in Britain.

As for my fortune when I die as Ive pointed out here many times, my son will get just one property(he as to learn to stand on his own 2 feet) the rest a pretty big fortune will go to Enterprise and Development sources who I will instruct to invest in the future development of our young people especially in Business Enterprise.

oh dear, oh dear, oh dear ..... round and round and round we go ..... next we'll be hearing about how it is immoral for companies as well as individuals to mitigate (legally) their tax liabilites

Not bothered about companys, its individuals like you cheating I detest.

It only means everyone else has to cover YOUR shortfall.

Barlow now that he as been caught is protesting his innocence, if he hadnt been caught we'd have heard nothing from him.

His OBE should be taken from him, Id even sling him in prison that would stop him from at least singing and talking wet on that x factor.

you might care to withdraw that personal slur against me
a) you have no reason whatsoever to make it and b) it is totally and utterly unfounded

============

btw, how and why do you differentiate between companies avoiding or mitigating their tax liabilities and individuals, who of course may be perfectly legitimately be set up inside a company anyway, doing exactly the same?

Breaking news............

Women be-headed in London on the street in view of everyone.

Man arrested.

More to come.

NO WAY you posted this.........

as well as individuals to mitigate (legally) their tax liabilites..........ends.

Like I have always said the less you pay the more someone else has to pick up your part of the tab that you have avoided.

And as for legaly, even Camoron said yesterday the tax avoidance schemes and manipulation are a THING OF THE PAST.

London 'beheading': Woman slaughtered by 'man with machete' in back garden of house in Edmonton

http://www.standard.co.uk/news/crime/woman-found-stabbed-to-death-at-house-in-north-london-after-man-goes-on-the-loose-with-machete-9711800.html

you're contradicting yourself completely

i have not come anywhere close to EVADING tax liabilites .... in fact, i have not done nearly as much as i easily could to mitigate my IHT liabilities

you say that you have taken sensible and significant IHT avoidance measures of your own

=============

the beheading story is reported in full on BBC news

I didnt say Evading, I said Avoiding.

GET YOUR FACTS RIGHT BEFORE I SET FRED AND TANKER ON YOU.

Just remember the cock up you made 2 months ago refering to a tribunal.

What a twit you looked.

have you been on the bottle again, or is it just that log you carry on your shoulder coming to the fore?

45482 - there is no question that you are attacking me personally for any perfectly legitimate (very simple actually) tax mitigation action i might have taken

almost in the same breath, you then say that you have taken very significant measures of your own

finally, you try to differentiate without any logic or support at all between companies avoiding tax (perfectly fair you reckon) and individuals (except you of course) doing the same

Cynic.......

whatever ...... i rarely actually get cross with you; it's just that you're sometimes an even great knobhead than me

Impossible.

Impossible.

GF

Since you are the one making all the definitions as to what exactly cheating is:

Is it cheating to drink tea?

Is it cheating to drink coffee?

I mean, like, I'm not sure with you, mate, since anything and everything is "cheating" if you want it to be.

Of course, there is also 'tax mitigation' and 'excessive tax mitigation'.

Now it just might be, that what you want to say is, that if it is 'excessive' tax mitigation or avoidance, then it's cheating and/or immoral. If it isn't excessive, then it isn't cheating or immoral.

Is this what you mean?

Exec,

I think the basis for disagreement in the argument is the difference between legality and morality the former in general is definable. but the latter is more open to question.

Also. another problem is whether you consider personal gain or society's gain as a goal and again, whether you think personal gain adds to society gain which can be reflected back on oneself.

But again what is gain?

Is it personal, or social, especially when the individual often hides behind the advantages of society when it suits them!

Back to the board, I am on a winning streak.

Couldnt have put it better myself Fred.

Its a very simple concept........

What you have to remember Exec every penny you avoid in tax some other poor sod somewhere else is having to pay for your shortfall.

Now if thats the kind of society you want fair enough, I dont.

So sorry I avoided all that tax, tweets Gary: (Oh, and by the way fans, I'm just bringing a new album out)

Barlow left Twitter after his account was hacked in and a deeply offensive message was posted about his stillborn child
Hackers targeted him following news he'd invested in tax avoidance scheme
But Barlow, who hasn't posted on his account since May, has returned
He vowed to fans he'd 'settle things with all parties involved ASAP'
Barlow and bandmates Howard Donald, Mark Owen, and their manager Jonathan Wild, poured £66million into Icebreaker Management

By ALASDAIR GLENNIE FOR THE DAILY MAIL
PUBLISHED: 21:34, 2 September 2014

http://www.dailymail.co.uk/news/article-2741199/Take-That-star-Gary-Barlow-takes-Twitter-apologises-tax-stories-earlier-year-vows-settle-things.html