25-07-13, 10:58 PM
Quote:It's not tax dodging, because tax dodging is illegal.
Yes it's tax dodging, it's a way round paying 24% corporation tax.
72 million tax due, only 1 million paid.
No loopholes are not illegal, that's why they are loop holes.
Quote:It's paying extremely knowledgable accountants probably an awful lot of money to work their way round the tax laws so none are broken but the minimum amount of tax possible is paid.
It's actually paying the same accountants who have done work for the government as consultants. A of money? Well sure but it's a tiny % of the 72 million saved. It's a scam from one end to the other.
And of course everybody knows the loopholes are there, what they are, and indeed how they can be closed down. But guess what, nothing happens.
Quote:If I could do it I would and I suspect you would too.
Well sure nobody wants to pay more tax than they can. And I guess it's hard to blame companies and individuals from skipping tax if they can legally do so, but that's hardly the point is it.
I'm paye, I can't dodge my tax. I can't dodge VAT, or a dozen other taxes I could mention. I'm sure there is something I've dodged at some point (hey I paid my joiner cash!), but lets face it, the little men don't get to dodge tax. And it's the little man who will make up the big man's shortfall. And the shortfall is getting bigger and bigger and bigger, as fewer and fewer of the big boys pay any tax.
Of course it's not just a shortfall. Stuff that needs to happen - infrastructure etc - it just doesn't happen.