briantrumpet
Timewaster
Re Tice's tax: probably boring. But as Neidle says, if you're going to play this game, you need to get it right.
https://skywriter.blue/@danneidle.bsky.social/3mjelbnyfwl2v
Mr Tice's line: a mere technicality and HMRC isn't out of pocket. It is, however, more than that: Mr Tice obtained an unlawful tax benefit – tax was paid up to 21 months late. And Mr Tice’s payment didn’t fix the company’s failure to withhold tax – the tax remains due. (Is this an unfair result? It could be in the case of a normal REIT. But this was a REIT driven solely by tax considerations - Mr Tice has all but admitted that. When you play tax avoidance games, you need to stick to the letter of the law. If you don't, you win tax prizes)
https://skywriter.blue/@danneidle.bsky.social/3mjelbnyfwl2v
Mr Tice's line: a mere technicality and HMRC isn't out of pocket. It is, however, more than that: Mr Tice obtained an unlawful tax benefit – tax was paid up to 21 months late. And Mr Tice’s payment didn’t fix the company’s failure to withhold tax – the tax remains due. (Is this an unfair result? It could be in the case of a normal REIT. But this was a REIT driven solely by tax considerations - Mr Tice has all but admitted that. When you play tax avoidance games, you need to stick to the letter of the law. If you don't, you win tax prizes)
