UK Tax Avoider Supremo On TV Tonight

[Vincent]

8:30 BBC1 Tonight

If that scuzzy poisoned dwarf Bernie Ecclestone, on his own, has managed to avoid an estimated £1 Billion in tax, is it any wonder our wonderful NHS is about to be carved up by US companies, (helped along by new trade agreements put together by our lovely government), just so the rich can have cosmetic surgery as pensioners wait for years for their hip operations?....and in the meantime we can sit back and watch in the media the wonderful lifestyle his daughters enjoy?

Iplayer link....won't start broadcasting until about 9 ish tonight:-

www.bbc.co.uk/iplayer/episode/b042rbmg/Panorama_Bernie_Ecclestone_Lies_Bribes_and_Formula_One/

Hang 'Em High!
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Space Is Deep

[smegballs]

I assume that a bill in his companies tax? Or a bill of liable personal income tax?

I take the opinion of don't hate the dodgers, hate the enablers at HMRC. If I had loadsa dosh, 100% guaranteed I would find every trick in the book (well my accountants would) to pay the absolutely legal minimum tax.

As long as the tax avoidance is legal, the fault lies with HMRC for not stitching up loopholes and enforcing collection IMO.

[Wafer_Thin_Ham]

[Polarbear]

[Rogerborg]

I read a corporate strategy document once that said "Tax is an expense no different from any other, and we will avoid paying that expense to the uttermost extent allowed by law."

from me, and to another hit piece made by a bunch of sponging parasitical pinkos who pay their mortgages with money wrenched from my pocket and yours.
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[smegballs]

The disconnect is quite apparent it seems. Quite often I hear things like "Don't blame the people claiming benefits. If you want to get angry get angry at the people allowing them to do so" whilst at the same time fostering a kind of personal hate for corparayshuns as if the Tesco PLC (as an entity of its own accord) just kicked down the door rodgered your wife and drank your last beer.

The knife cuts both ways, if "hate the game not the players" (which isn't an unreasonable stance IMO) is the name of the game it applies to "players" on both ends of the spectrum.

[Vincent]

Right or wrong, it's going to drag this country back to the middle ages.
IMO, it's not unreasonable to expect someone who fleeces the populus to put something back. What all these greedy fuckers forget, is that when less and less people have any money left over after paying their food and energy bills, they're not spending..... which means more business' failing and less employment +lower wages. What the country loses from the super rich not paying their taxes is then made up by cuts on the poor. It's unsustainable as far as I can see. there's only so much money someone needs sitting in their bank and only so many multi million £ houses their feckless daughters can use.
It'd be nice to see some of these bread-heads follow some of our Victorian Captains of Industry who would build schools, hospitals, parks etc to put something back. I doubt most of them even spend any of their billions in the UK.....on top of paying zero tax. They're "enemies of the nation" IMO. as for the Govt doing something about it, "they're all in it together" from where I'm sitting
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Space Is Deep

[Rogerborg]

[smegballs]

Of course the real problem with the govt isn't income, it is spending. I 'm confident that it would be fair to say: no matter how much money the govt has, they will always manage to spend more*.

It's the way things are set up: "shit its almost the end of the year and we still have 10k left in our budget! Best spend it or something, anything, as they will give us less next year if there is some remaining."

That is how everything works, rather than look for efficiency, people look to justify their existence, budgets and maybe get some more next year. This compounds year on year on year, and the spending keeps going up and up.


*While there has been a handful of years in recent times we have run a surplus, it is most definitely the exception and not the norm. The surpluses themselves have been pissing in the wind compare to the deficits.

https://i.imgur.com/MWOXiUI.png

[dydey90]

[slowlydoesit]

[Ste]

Joe Public always wants to pay less tax and that's quite socially acceptable. After all, everyone wants more money in their pocket and less of their wages going to the governbent.

How much are people allowed to earn before their efforts to pay less tax mean that they're seen as being worse than Hitler?

[slowlydoesit]

[Rogerborg]

[Vincent]

So, if people like Ecclestone, (and I'm guessing there are quite a few of them), did pay their due, the country would be no better off?

It's one thing watching institutions like the NHS disappear.....but what happens if we need to finance another European/World war? We couldn't afford the last one, surely we'd be doubly fucked this time?
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Space Is Deep

[Vincent]

Maybe what the Inland revenue should be looking at, is reducing the tax bill for the super wealthy on condition it actually gets paid. However, allowing somebody off £2 billion on the condition they pay £10 million, as in the case of Wanklestone doesn't quite seem right to me.

www.theguardian.com/sport/2014/apr/28/bernie-ecclestone-tax-bill-panorama-bbc

It's blatantly obvious that Wanklefart has set up these trusts to avoid paying any tax. They shouldn't need to collect tons of written evidence, and fight his teams of legal eagles....it should be down to a judge to decide....and then take very penny of him and throw away the key. Er...IMO that is.
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Space Is Deep

[Vincent]

[Vincent]

Er sorry, I forgot......it's lazy teenagers and immigrants that are responsible for the state of the nation. Silly me
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Space Is Deep

[krarkol]

The loopholes are probably there so the person who came up with the whole thing can take advantage of them.

Like the thing with Jimmy Carr, he got slagged off a lot but I admire the guy! If I knew of loopholes like that I'd definitely be taking advantage of them

One thing I do not understand is Joe Public gets the book thrown at them for stuff like this, where the rich or people involved in politics just get away with a public apology.

I'd happily go on TV and apologise for having £50k worth of expenses in my bank account for example
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Bandit 600 - deaded

[Rogerborg]

[slowlydoesit]

[smegballs]

[Vincent]

[Vincent]

If Wanklestone paid all due tax....and I don't mean due tax that can be avoided using dodgy accountants and bribing people....I still wouldn't be able top stand the little twat. He's just a nasty individual.....IMO.

My point was if just one person is avoiding paying tax to the extent of £2 Billion plus, imagine the total loss. I'm not sure if this is connected with the demise of the health service and schools but I can see people losing out medically, finacially, and through poor education. Many people are working on zero hour contracts on bread line wages and as far as I can see, the poor, sick, and no doubt soon, the old... are footing the bill.
If the Govt of this country want to let people off paying tax, it shouldn't be just the rich but everyone....and they better think up a new system pronto because this one is obviously unsustainable.
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Space Is Deep

[Vincent]