Tax dodging and tax havens. enough.

The Bear · 14-03-2008, 02:48 PM

Tax dodgers and tax havens

Tax dodgers continue to get away with what amounts to theft by avoiding paying their dues by taking advantage of archaic arrangements with the channel isles and the Isle of Man.

Infinitely worse than Lichtenstein, the awful Isle of Man actually takes more from Britain than it pays under an outdated arrangement whereby tax revenue from certain items such a cigarettes and alcohol get repaid to the UK whilst the Ilse of Man government pockets millions more than it pays to fund the life of the tax dodgers and the locals who are on a nice little earner.

Then there’s the matter of money laundering but that’s another matter and a thing that really should be dealt with.

It’s time that these corrupt little offshore dumps were made to come into line with the UK or cut off completely and let to wallow in their own corruption which runs from a government that gives Freemasonry a bad name to a banking system with rules that probably wouldn’t last ten seconds if it were UK or even Europe based.

Time to call game over on these tumours on the UK.

Links?

How low will they go to woo tax exiles? | Money | The Guardian

Tax Research UK / The Isle of Man - preferring abuse to the truth

And lots more to be found.

John Connor · 14-03-2008, 02:56 PM

In case you and the Guardian hadn't noticed, the Isle of Man isn't in the UK or the EU. It's a completely separate country and as such can tax its inhabitants at whatever rate it wants to.

Perhaps they're not funding EU membership or youth centres in Gaza with their taxpayers' money.

Westcountryman · 14-03-2008, 03:00 PM

Quote:

Originally Posted by John Connor

In case you and the Guardian hadn't noticed, the Isle of Man isn't in the UK or the EU. It's a completely separate country and as such can tax its inhabitants at whatever rate it wants to.

Exactly, the UK does not have jurisdiction over the Channel Islands or the Isle of Man.

The Bear · 14-03-2008, 04:19 PM

Then why is it that the UK is paying so much of UK tax payers money TO the IOM and why is it that there is nota hell of a lot more being done to prevent the tax dodgers from the UK making use of the place?

It's time that this sort of thing was attacked.

g hall · 14-03-2008, 04:40 PM

Quote:

Originally Posted by Eurosceptic Atlanticist

Exactly, the UK does not have jurisdiction over the Channel Islands or the Isle of Man.

Given that the Channel Islands are the last remaining parts of the Duchy of Normandy whose Duke conquered England in 1066 in theory their rulers should be the rulers of the UK

Westcountryman · 14-03-2008, 06:26 PM

Quote:

Originally Posted by The Bear

Then why is it that the UK is paying so much of UK tax payers money TO the IOM and why is it that there is nota hell of a lot more being done to prevent the tax dodgers from the UK making use of the place?

It's time that this sort of thing was attacked.

What are you going to do, send the Navy? I don't know why we send them financial support - you could always ask, I expect it's because it's a Crown dependency.

The IoM do pay other things back - for example, despite not being part of the UK they still have to pay the TV licence fee.

Westcountryman · 14-03-2008, 06:35 PM

Quote:

Originally Posted by g hall

Given that the Channel Islands are the last remaining parts of the Duchy of Normandy whose Duke conquered England in 1066 in theory their rulers should be the rulers of the UK

We still retain sovereignty, this is quite interesting:

Quote:

Originally Posted by WIkipedia

Acts of the British Parliament do not usually apply to the Channel Islands and the Isle of Man, unless explicitly stated, and even this is increasingly rare. When deemed advisable, Acts of Parliament may be extended to the Islands by means of an 'Order in Council', and normally the agreement of their administrations would be sought first. An example of this was the Television Act 1954, which was extended to the Channel Islands, so as to create a local ITV franchise, known as Channel Television.

Westminster retains the right to legislate for the Islands against their will as a last resort, but this is also rarely exercised, and may according to legal opinion from the Attorney-General of Jersey have fallen into desuetude — although this argument was not accepted by the Department for Constitutional Affairs (The Marine & Etc, Broadcasting (Offences) Act 1967 was one recent piece of legislation extended to the Isle of Man against the wishes of the Manx Parliament).

The States of Jersey Law 2005 established that all Acts of the United Kingdom and Orders in Council are to be referred to the States, and gave greater freedom of action to Jersey in international affairs.

Crown dependency - Wikipedia, the free encyclopedia

John Connor · 14-03-2008, 07:29 PM

Quote:

Originally Posted by The Bear

Then why is it that the UK is paying so much of UK tax payers money TO the IOM and why is it that there is nota hell of a lot more being done to prevent the tax dodgers from the UK making use of the place?

So you're suggesting that the UK stops people from emigrating?

See, this is the kind of trouble you get into WHEN YOU START READING AND BELIEVING THE GUARDIAN.

Quote:

Originally Posted by The Bear

It's time that this sort of thing was attacked.

No, it's time this sort of thing was universal.

Phil Sheldon · 14-03-2008, 11:35 PM

Easy answer The Bear.
REDUCE taxes and Tax Haven's do not look so attractive.
The government of the Irish Republic reduced Coporation Tax to 40% recently and now that country's economy is booming.
If you care to look at low tax countries the incidence of tax avoidance is lower in most cases.

Higher taxes on earned income coupled with higher duties on fuel/alcohol and tobacco do not create a feeling of happiness and well being.
Britain powered the Industrial Revolution without taxes and created a large and wealthy empire. Corporation Tax/VAT/Advanced Corporation Tax/Fuel Tax/Council Tax/Income Tax/Petroleum Revenue Tax/ Alcohol Tax/Tobacco Tax/Road Tax/New Car Registration Tax/Unearned Income Tax/Cash limits on ISA's etc.etc.
Is it any surprise that wealthy individuals seek ways to maximise their income and/or savings?
"Squeezing the rich until the pips squeak" was,and is,a no brainer.

Phil Sheldon · 14-03-2008, 11:44 PM

Easy answer The Bear.
REDUCE taxes.
Britain powered the Industrial Revolution without taxes.
The Irish government has reduced Corporation Tax to 40%, attracted many new businesses and has a booming economy.

Advanced Corporation Tax/Corporation Tax/VAT/Petroleum Revenue Tax/Income Tax/Fuel Tax/Alcohol Tax/Tobacco Tax/Unearned Income Tax/New Car Registration Tax/Road Tax(VED)/Limit on cash ISA's/IT Contractors pay both Corporation and Income Tax, two lots of NIC's.

Is it any surprise that wealthy individuals seek ways to maximise their income and/or savings?
"Squeezing the rich until the pips squeak" was,and is a no-brainer.

14-03-2008, 02:48 PM	#1 (permalink)
The Bear Uber Member Join Date: Feb 2008 Location: East Anglia Posts: 2,178	Tax dodging and tax havens. enough. Tax dodgers and tax havens Tax dodgers continue to get away with what amounts to theft by avoiding paying their dues by taking advantage of archaic arrangements with the channel isles and the Isle of Man. Infinitely worse than Lichtenstein, the awful Isle of Man actually takes more from Britain than it pays under an outdated arrangement whereby tax revenue from certain items such a cigarettes and alcohol get repaid to the UK whilst the Ilse of Man government pockets millions more than it pays to fund the life of the tax dodgers and the locals who are on a nice little earner. Then there’s the matter of money laundering but that’s another matter and a thing that really should be dealt with. It’s time that these corrupt little offshore dumps were made to come into line with the UK or cut off completely and let to wallow in their own corruption which runs from a government that gives Freemasonry a bad name to a banking system with rules that probably wouldn’t last ten seconds if it were UK or even Europe based. Time to call game over on these tumours on the UK. Links? How low will they go to woo tax exiles? \| Money \| The Guardian Tax Research UK / The Isle of Man - preferring abuse to the truth And lots more to be found.

14-03-2008, 02:56 PM	#2 (permalink)
John Connor Senior Member Join Date: Jan 2008 Location: Hard Working Families' Socialist Republic of Untied Kingdomistan Posts: 1,054 Party: None	In case you and the Guardian hadn't noticed, the Isle of Man isn't in the UK or the EU. It's a completely separate country and as such can tax its inhabitants at whatever rate it wants to. Perhaps they're not funding EU membership or youth centres in Gaza with their taxpayers' money. __________________ There are three types of people in this world: Libertarians, fascists and those who haven't been paying attention. Users on ignore list: Akria, Besoeker, Clippo, david H, Ian C.

14-03-2008, 11:35 PM	#9 (permalink)
Phil Sheldon Senior Member Join Date: Apr 2007 Posts: 587	Easy answer The Bear. REDUCE taxes and Tax Haven's do not look so attractive. The government of the Irish Republic reduced Coporation Tax to 40% recently and now that country's economy is booming. If you care to look at low tax countries the incidence of tax avoidance is lower in most cases. Higher taxes on earned income coupled with higher duties on fuel/alcohol and tobacco do not create a feeling of happiness and well being. Britain powered the Industrial Revolution without taxes and created a large and wealthy empire. Corporation Tax/VAT/Advanced Corporation Tax/Fuel Tax/Council Tax/Income Tax/Petroleum Revenue Tax/ Alcohol Tax/Tobacco Tax/Road Tax/New Car Registration Tax/Unearned Income Tax/Cash limits on ISA's etc.etc. Is it any surprise that wealthy individuals seek ways to maximise their income and/or savings? "Squeezing the rich until the pips squeak" was,and is,a no brainer. __________________ Those who would sacrifice Freedom for Safety deserve neither.

14-03-2008, 11:44 PM	#10 (permalink)
Phil Sheldon Senior Member Join Date: Apr 2007 Posts: 587	Easy answer The Bear. REDUCE taxes. Britain powered the Industrial Revolution without taxes. The Irish government has reduced Corporation Tax to 40%, attracted many new businesses and has a booming economy. Advanced Corporation Tax/Corporation Tax/VAT/Petroleum Revenue Tax/Income Tax/Fuel Tax/Alcohol Tax/Tobacco Tax/Unearned Income Tax/New Car Registration Tax/Road Tax(VED)/Limit on cash ISA's/IT Contractors pay both Corporation and Income Tax, two lots of NIC's. Is it any surprise that wealthy individuals seek ways to maximise their income and/or savings? "Squeezing the rich until the pips squeak" was,and is a no-brainer. __________________ Those who would sacrifice Freedom for Safety deserve neither.

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14-03-2008, 04:19 PM	#4 (permalink)
The Bear Uber Member Join Date: Feb 2008 Location: East Anglia Posts: 2,178	Then why is it that the UK is paying so much of UK tax payers money TO the IOM and why is it that there is nota hell of a lot more being done to prevent the tax dodgers from the UK making use of the place? It's time that this sort of thing was attacked.