Starmer's vision quest

[C R]

Do you get tax relief. Then it is tax avoidance be by definition

No, it isn't.

 

[tarric]

If the Palestinian people are so nice why won't any neighbouring Arab country take them. They flatly refuse.

If the Israelis' are so nice why don't their friends in America just take them in, lots of empty space there.

 

[tarric]

View: https://x.com/TheNorfolkLion/status/1889689877861572713?t=CNsBONMcrmBfloc4sHRqEQ&s=19

Maybe we could do a swap we can send all the tax dodgers to America and their lefty millionaires can come here. win win.

The Telegraph revealed hundreds of wealthy Britons were planning to leave the UK in anticipation of a Labour government, which has launched a tax raid on the rich.

A survey by the same company shows that around 18 per cent of rich Americans planning to leave the US say Britain would be a likely destination.

 

[tarric]

Even you can't be that thick.

I take it that was rhetorical.

 

[icowden]

But apparently Trump has a degree in Economics, so is it really that complicated, or am I underestimating the Donald?

I think he bought it. A memoir reports that he only go into Wharton because he paid someone else to do his SAT test and his dad offered them a lot of cash. Wharton try to pretend that he never went there.

 

[CXRAndy]

No, it isn't.

Yes it is,

It's simple tax avoidance, but nevertheless it avoidance of tax

 

[CXRAndy]

It's a pretty poor example really when a bank routinely lends people 5 or even 6 times annual income mortgages even with current financial commitments such as car and a credit cards.

In any case comparing personal finances of the likes of you and I and national governments is unrealistic.

Only if you can make the payments per month, have long term good prospects. Doctor, Solicitor, accountant.

If you are constantly borrowing to pay the interest, you are skint. That's the situation the UK is currently in.

Rachel from accounts has crushed business confidence, raised operating costs for business. Business has done what it needs to survive with increased costs, cut investment. Directly the opposite of what the country needed.

Flooding the country with immigrants keeps GDP up, but depresses wages for the lower skilled workforce, further reducing spending power. Business suffer further.

Downward death spiral

 

[C R]

Yes it is,

It's simple tax avoidance, but nevertheless it avoidance of tax

Is it panto season already?

 

[C R]

Do you get tax relief. Then it is tax avoidance be definition

Argument by definition fallacy

https://effectiviology.com/appeal-to-definition/

 

[CXRAndy]

Is it panto season already?

Only if can't understand the principle of tax avoidance

Tax avoidance is defined as

"The action in which an individual or a business exploits the existing tax system legally"

 

[icowden]

Only if you can make the payments per month, have long term good prospects. Doctor, Solicitor, accountant.
If you are constantly borrowing to pay the interest, you are skint. That's the situation the UK is currently in.

Except that according to economists it isn't as a lot of it is self-imposed fiction. This is a little old but a useful read IMHO:
https://www.taxresearch.org.uk/Blog...-talked-about-the-national-debt-and-its-cost/

 

[icowden]

Only if can't understand the principle of tax avoidance
Tax avoidance is defined as
"The action in which an individual or a business exploits the existing tax system legally"

So not the use of legally defined financial instruments which the government has stated will be tax light or tax free then.

It's the difference between working within the rules and finding loopholes in the rules that allow you do to something that wasn't intended.
It's the difference between four runners on a running track doing 200 metres and the official telling them "runners - you have to start here and finish there. If you pay £100 you get a head start." Great. Runners B, C and D set off around the track, with C ahead due to investing £100. Runner A just leaves the track and runs straight across the middle of the athletics track to get to the finish point.

Official: "wait - what are you doing - you can't leave the track!"
Runner A: "well - it didn't say that in the rules. So I WIN"

 

[CXRAndy]

If you are paying less tax by using the current laws. You are legally avoiding tax, whether it's a simple ISA/Pension plan or sophisticated tax planning for a high net worth individual or business.

Tax evasion is illegal

 

[HMS_Dave]

Only if you can make the payments per month, have long term good prospects. Doctor, Solicitor, accountant.

So what you are saying is, you agree, if you repay the payments and have a job? That's a revelation.

If you are constantly borrowing to pay the interest, you are skint. That's the situation the UK is currently in.

No it isn't..

Rachel from accounts has crushed business confidence, raised operating costs for business.

Years of under investment in critical infrastructure and services has without a shadow of a doubt done more damage to the finances of every business and individual in the UK. Energy costs are an example.

Flooding the country with immigrants keeps GDP up, but depresses wages for the lower skilled workforce

Businesses have been getting away with paying substandard wages for so long that the UK government is subsidising low wages to the extent that nearly 40% of universal credit claimants are actually in work. Aside from the fact that in another argument you would claim that migrants don't work and sit in hotels, getting free food and clothes you can't simply claim that suddenly they are and crushing wages, passing of blame where it isn't due. The fact is that the UK has been importing low paid workers for centuries. My grandad worked with Eastern Europeans in the pits a hundred years ago, the Victorians built the British Empire upon the ease and availability of cheap labour, the world wars were fought with labour brought in from around the empire to build the critical infrastructure such as railways and supply chains to fight the wars but now, it has become a problem for Andy and Co because of the political nature of your false nationalism, inspired by flat cap wearing, chain smoking xenophobe that has decided he can raise his stock by misplacing public anger on to a vulnerable group of people that can little defend themselves.

 

[CXRAndy]

Only ~16% of the last 2 million immigrants is actually working. The rest are a financial burden upon the UK coffers.