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06-12-2010, 01:51 AM
#1

Tax Dodgers!

What do you think? Should big businesses be forced to pay their fair share - or be allowed to get away with dodging like they have for so long?

Phillip Green slipped 1.2 billion into his wifes account who lives in Monaco... on which she paid ZERO tax. Losing us, the British Taxpayer 285 million And what's worse - he's been appointed to advise the government on how best to slash public services!!!

Here's a snippet from the guardian:

Quote:
While Green lives and works in the UK, the Arcadia Group is registered in the name of his wife, Tina, who is resident in Monaco and so enjoys a 0% income-tax rate. In 2005 this arrangement allowed the Greens to bank 1.2bn, the biggest paycheck in British corporate history, without paying a penny in tax. This completely legal dodge cost the British taxpayer 285m, enough to pay the salaries of 9,000 NHS nurses or the 9,000 fees of close to 32,000 students. In an age of austerity, the link between tax avoidance and public sector cuts becomes crystal clear.
And here's a short video of a demonstration that was held in London.



Quote:
Originally Posted by Lady in the video
The government isn't doing enough, about tax dodgers. Huge cuts falling heaviest on the poorest and the rich are getting away with it - this is a brilliant demonstration as it goes right to the heart of the matter.
I completely agree. Makes me want to join the Protest Movement! In fact, a year or so ago, I signed up a website domain to help people organise campaigns (although I had things like campaigns for the banning of electric shock collars and 100% disclosure in the ingredients lists of our foods in mind!). Might have to do something with it as a side project anyone interested in it?


     
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06-12-2010, 10:58 AM
#2

Re: Tax Dodgers!

Ok, now tell me what can be done. This isn't new, the rich always get richer through all sorts of dodges and other means.

However, doesn't he employ 1000s of people across the country? What would be better, he pay the tax or cut 9000 staff?


     
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06-12-2010, 01:24 PM
#3

Re: Tax Dodgers!

Quote:
Originally Posted by jotch View Post
Ok, now tell me what can be done.
Tax dividends regardless of where they go

Quote:
Originally Posted by jotch View Post
However, doesn't he employ 1000s of people across the country? What would be better, he pay the tax or cut 9000 staff?
I highly doubt he would through his toys out of the pram and shut shop if he only made 915 million instead of the 1.2 billion


     
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06-12-2010, 02:46 PM
#4

Re: Tax Dodgers!

Quote:
Originally Posted by Azz View Post
Tax dividends regardless of where they go
Chasing the rich for money has never worked in the past and it won't in the future, they just move on and find other ways of moving their money around, or they just put their prices up so it makes no difference.

Quote:
Originally Posted by Azz View Post
I highly doubt he would through his toys out of the pram and shut shop if he only made 915 million instead of the 1.2 billion
True, he might not, but other companies may...and then the UK are worse off. It's a balancing act. I've felt the full force of cost-cutting when I was working for a bank (now mostly owned by the tax-payers money), the jobs just kept being moved over to India and still are...how do you stop that? There's more money being paid to offshore workers, call centres, sweat shops, etc, etc which we receive the services for but don't enjoy the tax just like the above example, all that tax goes to the indian gov or what ever country it is being used.

I personally think that a good way to stop money dripping out is for the government to forcefully get back the utilities, train networks and anything else that the public doesn't really have a choice in. Then everyone can pay the same amount and it's fair, or should be and all profits are pumped back into the system to regenerate it rather than line fatcats pockets. My rail network for example is Southeastern...I don't have a choice in this, yet they can put up the ticket prices more than any other network and pay their bosses big fat bonuses, it's disgraceful!

I can rant on about the way the country is run until the cows come home, but one thing I've realised is that the rich can buy awesome accountants that find every loophole and lawyers that can defend them where as the poorer people/companies can't and therefore get robbed! It's the way it will always be.


     
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06-12-2010, 02:53 PM
#5

Re: Tax Dodgers!

Quote:
Originally Posted by jotch View Post
Chasing the rich for money has never worked in the past and it won't in the future, they just move on and find other ways of moving their money around, or they just put their prices up so it makes no difference.
That defeatist attitude is so not like you Jotchy boy

The reason why nothing has really been done, is because govts rely too heavily on business for funding their campaigns to get into govt to begin with - hence owe them favours when they're in power. It's a vicious circle and one that's detrimental, to us.

If we had more ethical businesses, and people out there it wouldn't be a problem. But it is.

Quote:
Originally Posted by jotch View Post
True, he might not, but other companies may...and then the UK are worse off.
I can't see it tbh Jotch. They'll make a few million less, but I think they'd prefer that to no million at all

Re your other points, I think that's a topic for another thread lol - there's so much that's wrong at present, and nearly always greed lies at the root of it.


     
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07-12-2010, 10:10 AM
#6

Re: Tax Dodgers!

Quote:
Originally Posted by Azz View Post
That defeatist attitude is so not like you Jotchy boy

The reason why nothing has really been done, is because govts rely too heavily on business for funding their campaigns to get into govt to begin with - hence owe them favours when they're in power. It's a vicious circle and one that's detrimental, to us.

If we had more ethical businesses, and people out there it wouldn't be a problem. But it is.
I know, but that's what happens with age. You just begin to accept things won't change or can't change. Big business will continue to pee on the little man and control parts of government.

Quote:
Originally Posted by Azz View Post
I can't see it tbh Jotch. They'll make a few million yes, but I think they'd prefer that to no million at all
Agreed, but they might stamp they're feet a little and be a nuisance...e.g. Cut jobs and blame the government's introduction of a new tax, etc...not a good way for a party to win voters and the loss in income tax might actually mean that the government is no better off.


     
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07-12-2010, 01:28 PM
#7

Re: Tax Dodgers!

Quote:
Originally Posted by jotch View Post
I know, but that's what happens with age. You just begin to accept things won't change or can't change. Big business will continue to pee on the little man and control parts of government.
I get older I feel that opposite - that things need to change Why do you think I want to make that SN, to change the world (in baby steps of course)

Quote:
Originally Posted by jotch View Post
Agreed, but they might stamp they're feet a little and be a nuisance...e.g. Cut jobs and blame the government's introduction of a new tax, etc...not a good way for a party to win voters and the loss in income tax might actually mean that the government is no better off.
Then they'll forget one thing - they need us, consumers, who increasingly are becoming more aware of such tactics. It won't look good for them - especially in this age of austerity.


     
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