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.

British Virgin Islands. A tax shelter.

Same as Geldof

Taveta Investments, the company used to acquire Arcadia in 2002, is in the name of Green's wife, Tina Green, a Monaco resident, resulting in a significantly lower tax liability than the £150 million that would be payable if a UK resident owned the company.[32] When Green paid his family £1.2 billion in 2005, it was paid for by a loan taken out by Arcadia, cutting Arcadia's corporation tax as interest charges on the loan were offset against profits.

Cynic your only kidding yourself if your avoiding tax, at some time or other because the government cant collect enough tax to balance the budget with spending, they are going to whack you one way or the other with a decrease in spending on you as an individual or they will put tax rates or NI up, they cant just go on accumulating debt.

eg, Why on earth are we debating the Mansion Tax today, answer, because theres not enough money in the kitty to keep standards in the NHS at current levels.

Its only a matter of time not if.

What comes around goes around.

You really are fooling yourself if you think by avoiding a few bob you have done well for yourself and family, you havent.

Youl pay further down the line, thats a certainty.

Yes Green is a well known off shore tax scrounger, but is there a site that lists all of them or nearly all?

Tax evasion is a different thing, but your a criminal if you indulge in that.

cynic

Did he answer the question ? , or using Fred's trick by changing and twisting the subject

in that case GF, i trust you'll confirm that you have abandoned all your tax avoidance allowances etc and will write no will, thus leaving your estate to the exchequer except insofar as the law may demand that a spouse is entitled to some provision (tax free of course)

Cyners dont forget the treasury budget for the items at the top of your post ie....your pension and all the sundry other tax allowances that you enjoy, including that of writing a will and/or passing on your estate to your spouse - you would say as of right.

What they havent budgeted for is Gary Barlows extreme tax avoidance scheme through a
dodgy film company.

Tax evasion is a different thing, but your a criminal if you indulge in that.

I thought that was what you were telling him

i strongly recommend that you do not pass uninformed judgment on a case that is a long way from proven (by HMRC), and has all the hallmarks of being lost by HMRC

if that is the case, and certainly Ingenious has been in existence for a good number of years and backed some considerable box office successes, then the company will have been shown to have been far from being either dodgy or from concocting "extreme tax avoidance" ......

i suspect one needed to have had an awful lot of money to join the scheme in the first place and also to have been in a position whereby you could afford to lose most if not all of the investment

Yes H/S Green is a well known off shore tax scrounger, but is there a site that lists all of them or nearly all?

i wouldn't exactly call him a scrounger, but i am indeed mystified that he can seemingly get away with flying in and out of the country pretty much at will without exceeding the 90 day limit

the answer of course is almost certainly that we have our facts wrong!

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

HMRC most wanted list
i'm sure there is one, and if i get a chance i'll trawl the net for you

starter for 10 ..... actually, there's alot more than that on the list .... www.hmrc.gov.uk/defaulters

Stan, I don't know about a list of off shore tax scroungers, but HMRC has a list of tax defaulters on their website.

This is also interesting http://www.hmrc.gov.uk/defaulters/defaulters-list.pdf

the above list is just of those who have "defaulted" and does not include those whom HMRC would very much like to interview
i cannot find a list of this latter bunch though i know there was one published in the Sundays a couple of years back

http://www.hmrc.gov.uk/defaulters/defaulters-list.pdf

Yes thanks chaps but think those are the ones that have broken the law and been caught and not the people who are actively or historically avoiding and effectively scrounging off the rest of us who are paying tax in the "this" country by them squirrelling it out of this country.

I suspect H/S knows but is not posting as such, is that right H/S?

i concur Stan .... the list contains few that are much more than minnows
the interesting list, as published in the Sundays, named those who were residing in monaco and spain and the like .....

these people were keenly wanted for "interviewing" but as nothing had been proven against them, i guess HMRC cannot publish their details

a few months ago, i saw one of the above casually strolling around london .... i'm sure he entered the country on a legit passport, so it looked as though HMRC must have been away fro the weekend

You have to be careful what you publish on a public forum Stan!