George Osborne finally gets tough on tax avoidance!

[RonJeremy]

The big difference is the word BIG, the system was set up by BIG people at the top of the money ladder to make sure jo public paid his share whilst those at the top could get away without paying a penny.

You seem not worried by the big hitters get away with £Billions.

 

---------- Post added 10-12-2015 at 10:02 ----------

 

So if you know of these options how come the experts in the IR haven't informed the government who then should do something about it?

 

---------- Post added 10-12-2015 at 10:04 ----------

 

So why isn't anything being done about it.[COLOR="Silver"]

 

---------- Post added 10-12-2015 at 10:04 ----------

 

[/color]

 

Agree 101%.

 

---------- Post added 10-12-2015 at 10:19 ----------

 

What Cyclone conveniently omits is that you only save a few pounds if any on ISAS due to the limitations on the amount that you can have or is he saying rich people can have more because they're rich?

 

Because it's legal, indeed being encouraged by the government.

[Cyclone]

So if you know of these options how come the experts in the IR haven't informed the government who then should do something about it?

The government already know about them.

So why isn't anything being done about it.

Because it's difficult to do so without international action, and/or they don't really want to.

What Cyclone conveniently omits is that you only save a few pounds if any on ISAS due to the limitations on the amount that you can have or is he saying rich people can have more because they're rich?

 

Not an omission at all... Totally irrelevant. You claimed that there were no ways for regular people to avoid any tax, I've demonstrated that there are.

 

As a quick estimate, if you'd maxed out ISAs (cash ones) since they were introduced, you'd have about £65k in them now. If you could find a 3% ISA today, that's £1950 of interest for the year, and if you're a higher rate tax payer that saves you £780 in tax in this year.

Edited December 10, 2015 by Cyclone