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.

Do you mean the sins shouldn't be, but the profits can be!

I think David Cameron's father should be canonised or something similar, if he was responsible Cameron's birth.

Do you mean the sins shouldn't be, but the profits can be!

I think David Cameron's father should be canonised or something similar, if he was responsible Cameron's birth.

Will
Why should they not go to the Bahamas and do what they want with the money. You only have to pay tax on Monies that you bring back to the UK. That is not a scam.

Depends on the country where you "earn" the "cash", reside, or have benefit from.

-=-===

Guess what?

More of Dodgy Dave's funds are turning up.

-=-==

Try St Helier.

Hays

No problem with people going to Bahamas with the money they have worked for, or from profits they made from investing. A morally responsible person would pay their taxes first. If you have off shored your money, invested in a trust controlled by uk directors taken the profit and not paid tax on it, that's tax avoidance. It is my understanding that even if you spent your profits out of the country you should have declared these profits in the capital gains section of your tax in the uk.

The whole point of off shoring is to avoid tax in your home country. If an African dictator cheats his country out of tax income we are pissed off. We should certainly be pissed if the uk allows Bahamas and Bvi to be a haven for tax avoidance.

If you owned a bar in Spain and lived in the UK, paid tax on the profits in Spain and spent your profits there then would that be fine?

Hays

Not the same thing.
Both in EU.
Tax paid on earnings.

UK stockbroker sets up off shore trust. No Bahamas tax on profits. Investor has the opportunity to avoid tax on profits. A tax scam

What has EU got to do with it. How about if you owned the bar in Monaco? What about in the US?

Stop dancing around the shit pile Haystack.

You are supposed to pay tax on your world wide income, less any tax paid locally.

Dave didn't do that, he hid it.

"normal" offshore trusts are not a scam
they are perfectly legit and approved by hmrc and have been for 2/3 centuries ..... by definition, they avoid taxation until any monies are repatriated ......

if trust law is to be changed again, as it regularly is, then that is a different matter, but until then, stop griping

Cameron did pay tax on the dividends and the corporation tax was below the payable limit,

So Amazon is ok. It is based in Luxembourg which is in EU. Google is fine as it is based in Ireland in the EU.

People want it both ways. They want Starbucks to pay tax here but they are based in the US, Google and Amazon are not based here but people want them go pay tax here. We have large corporations that are based in and owned in UK so we want tax paid here despite earning money across the world.

Cynic /Hays
In Cameron seniors day a UK stockbroker would purchase shares for his clients who would hold them in their accounts. The stockbroker would pay tax on the fees he earned and the client pay tax on his profits. By setting up an off shore trust the same stockbroker can offer other perks.
1 You can send off shore cash not declared in the uk
2. Any profits you make can be hidden from hmrc
3. Said stockbroker can deduct his fees overseas and not show on his UK earnings
4. Said off shore trust can invest in a range of investments not normally offered in UK
5. Said trust can launder money for dodgy clients who might be happy to pay a bit of tax.

No One has yet come up with a simple to understand reason why an off shore trust OF THIS TYPE exists. They exist to hide something or someone.and avoid tax payable in the country that the stockbroker operates in or his clients are liable to pay tax in.

The Amazon story is different not the same.

Wil.

Agreed!

The right can wriggle all they like.. but remain guilty as charged as usual.

Stan/Fred

Don't forget Blair and especially Brown could have closed the offending loopholes but did nowt. So on this subject (tax the tax evading bastards ) they let us all down too.

Blair and Brown are part of the right Will.

There is no reason for the trust to pay tax unless the profits are brought back here.

Brown started so well but couldn't control his resentment of Blair. His move to free the Bank of England from political control was spot on. Those pieces of shit, Ed Balls, Mendelson and Ed Milliband fucked with his head. He should have told them to fuck off.

No one likes a scrounger.. especially a "Con" artist scrounger.

Brown started so well but couldn't control his resentment of Blair. His move to free the Bank of England from political control was spot on. Those pieces of shit, Ed Balls, Mendelson and Ed Milliband fucked with his head. He should have told them to fuck off.