Can I have a 10% Tax rate as well please?

[Brigade77]

If earning 100,000 per week then not bad for him.

Who has more left over after paying a percentage of wages to tax? The footballer or a nurse.

You need to read it again, he was only (snort) earning £22ish k per week.

Incidentally, I don't feel the need to sympathise with poorly paid nurses. Not after seeing a SRN's 2014 P60 for £55k. This is an 'A' level profession & £55kpa for 2x 'A' levels is pretty good in my book.

 

[EFLImpudence]

Definitely the politicians if it is they who make the rules.

Why do you think Britain has so many tax havens of which you cannot take advantage unless you are already wealthy?

Remember Jimmy Carr got into trouble for being able to take advantage of the system but not wealthy enough or part of the elite to say FO.

Then criticised by Cameron who is.

 

[EFLImpudence]

You need to read it again, he was only (snort) earning £22ish k per week.

Oh, beg pardon.

The result is the same though.

Incidentally, I don't feel the need to sympathise with poorly paid nurses. Not after seeing a SRN's 2014 P60 for £55k. This is an 'A' level profession & £55kpa for 2x 'A' levels is pretty good in my book.

Ok - so how much tax do they pay? More than Amazon?

 

[durhamplumber]

I'd be interested if you can find evidence of me saying that

Liar.

Tariiffs Johhnyboy. Makes it impossible . you been banging on for 3years about it.plus takes forever to negotiate socks deal according to you

 

[Brigade77]

Ok. So - do you think that the pension fund will benefit from Amazon's Bezos having 160 billion for himself (and ex-wife)?

Amazon has investors (myself included) who mostly think that the best person to run Amazon is Jeff Bezos himself.

If, one day us shareholders thought that he was over paying himself then don't you think us shareholders might have a problem with that?

Do you know how shareholding works???

I don't think that you do.

 

[Brigade77]

Definitely the politicians if it is they who make the rules.

OK. So what you need to do is to take it up with your politicians. After all, it is only they who can make the changes.

 

[JohnD]

How much tax should the managing director allow the company to pay?

The amount required by law.

 

[Notch7]

Yet you seem to think nothing will be traded if we leave EU!

It will cost more to trade, NTBs -look em up

There ya go brexit is all negatives sadly.

There are some benefits....blue passports and fish

(Actually, we can have blue passports and brexit wont mean get our fishing back).

 

[EFLImpudence]

If, one day us shareholders thought that he was over paying himself then don't you think us shareholders might have a problem with that?

You don't think ONE HUNDRED AND SIXTY BILLION is over paid?

 

[EddieM]

The amount required by law.

Which law?

 

[JohnD]

Among others, the laws of the countries in which the country wishes to operate.

Nations may agree together not to allow tax-dodging ploys that seek to shift profits out of the country in which they are earned in order to avoid paying tax on them.

A company that wishes to be a tax-dodger may choose not to operate in countries that do not permit this, but it will find this decision awkward if it means keeping out of the world's largest single market.

International co-operation is capable of shifting power out of the hands of wealthy multinationals and into the hands of the nations in which they earn their profits. Such a shift will be unpopular among wealthy multinationals and the billionaires that control them. It can be resisted if politicians are in the pockets of the billionaires and can find a way to persuade electorates to vote against their own interests.

If billionaires and multinationals paid their fair share, perhaps we wouldn't need a 40% band.

 

[EddieM]

Among others, the laws of the countries in which the country wishes to operate.

Nations may agree together not to allow tax-dodging ploys that seek to shift profits out of the country in which they are earned in order to avoid paying tax on them.

A company that wishes to be a tax-dodger may choose not to operate in countries that do not permit this, but it will find this decision awkward if it means keeping out of the world's largest single market.

International co-operation is capable of shifting power out of the hands of wealthy multinationals and into the hands of the nations in which they earn their profits. Such a shift will be unpopular among wealthy multinationals and the billionaires that control them. It can be resisted if politicians are in the pockets of the billionaires and can find a way to persuade electorates to vote against their own interests.

If billionaires and multinationals paid their fair share, perhaps we wouldn't need a 40% band.

And that's a law is it? Which law(s) precisely?

 

[JohnD]

I'm not aware that the UK has enacted such a law. But this is not something I am attempting to follow.

Buffoon Johnson claims that he will make UK leave the EU by 31st December 2019.

This may be a coincidence.

Countries that are in the EU have to implement the anti-tax avoidance directive in their national law by 1 January 2020.

It includes rules to tackle hybrid mismatches with the tax systems of countries outside the EU.

https://www.consilium.europa.eu/en/policies/anti-tax-avoidance-package/

 

[JohnD]

For example, it begins:

1) It is imperative to restore trust in the fairness of tax systems and allow governments to effectively exercise their tax sovereignty. Therefore, the Organisation for Economic Co-operation and Development (OECD) has issued concrete action recommendations in the context of the initiative against Base Erosion and Profit Shifting (BEPS).

(2) The final reports on the 15 OECD Action Items against BEPS were released to the public on 5 October 2015. This output was welcomed by the Council in its conclusions of 8 December 2015. The Council conclusions stressed the need to find common, yet flexible, solutions at Union level consistent with OECD BEPS conclusions.

(3) In response to the need for fairer taxation and, in particular, to follow up on the OECD BEPS conclusions, the Commission presented its Anti-Tax Avoidance Package on 28 January 2016. Council Directive (EU) 2016/11641, concerning rules against tax avoidance, was adopted in the framework of that package.

As you can see, it is not new, or a surprise, nor it it an attempt by the Union to punish the UK.

 

[SirGalahad]

You don't think ONE HUNDRED AND SIXTY BILLION is over paid?

https://www.businessinsider.com/amazon-not-paying-taxes-trump-bezos-2018-4?r=US&IR=T