Multinational forced to pay some tax

[JohnD]

When the higher tax rate was cut by 5% the revenue from tax actually rose

And do you think that is justification for wages being taxed at a higher rate than dividends or capital gains?

 

[noseall]

And do you think that is justification for wages being taxed at a higher rate than dividends or capital gains?

You'll be telling us next that highly paid individuals like pro' footballers etc, don't get paid by the football club, rather they get paid by a company that get's paid by the club? I wonder if HMRC have cottoned on?

 

[gas112]

And do you think that is justification for wages being taxed at a higher rate than dividends or capital gains

And another one who seems to be reading stuff that hasnt been written what in my comment even hints at that .
Are you and your compadres on here out at some xmas party getting pished and making things up between yourselves

 

[motorbiking]

For a number of reasons, including delaying tax payments by high earners. It's hard to point to why it really happened.

Please do share how we can choose to delay when we pay tax. Or are you suggesting people delayed earning the money because they knew the change was coming?

 

[JohnD]

Please do share how we can choose to delay when we pay tax. Or are you suggesting people delayed earning the money because they knew the change was coming?

If, rather than being a humble wage earner on a fixed payroll, you have some influence on the company, you can of course arrange for your bonus or Commission account to be settled on some date that is convenient for tax reasons.

If it is your own company you can also modify salary sacrifice to divert money into your pension at certain times, and into your taxable earnings at other times. You can also hold revenue in the company until some convenient time, and you can pay dividends or directors fees at some convenient time. If you are running down the business as you approach retirement, you can roll payments into a later tax year when you may be in a lower band. You might employ your wife and children as "admin support" to answer the phone or type a letter once a year

You know all those wrinkles, and plenty more. Few of them are available to low-paid employees.

So your question wasn't honest, was it?

 

[JohnD]

And another one who seems to be reading stuff that hasnt been written what in my comment even hints at that .

Are you trying to say you DON'T think that is justification for wages being taxed at a higher rate than dividends or capital gains?

 

[gas112]

Are you trying to say you DON'T think that is justification for wages being taxed at a higher rate than dividends or capital gains?

im not trying to say anything and havent indicated in anyway what my thoughts are on the subject are . What sort of hallucinogenics are you on that you are seeing stuff that hasnt been written ?

 

[Odds]

It's not hallocigoosinens that are the problem - it's all the carsigoonens exhaled by too many veehickles on t'roads is the problem.
The answer?
More eclectic veehickles.


Simples.

 

[denso13]

Please do share how we can choose to delay when we pay tax. Or are you suggesting people delayed earning the money because they knew the change was coming?

You're welcome.

Did cutting the top rate really raise £8bn?

Speaking in Parliament today, George Osborne said this: (thanks to the Guardian’s Andrew Sparrow for the report). I don’t have the number to which Osborne refers but it is broadly in li…

waitingfortax.com

Did cutting the 50p rate of tax raise £8 billion? - Full Fact

Figures released this week on tax receipts aren't as simple as they might seem.

fullfact.org

 

[motorbiking]

If, rather than being a humble wage earner on a fixed payroll, you have some influence on the company, you can of course arrange for your bonus or Commission account to be settled on some date that is convenient for tax reasons.

If it is your own company you can also modify salary sacrifice to divert money into your pension at certain times, and into your taxable earnings at other times. You can also hold revenue in the company until some convenient time, and you can pay dividends or directors fees at some convenient time. If you are running down the business as you approach retirement, you can roll payments into a later tax year when you may be in a lower band. You might employ your wife and children as "admin support" to answer the phone or type a letter once a year

You know all those wrinkles, and plenty more. Few of them are available to low-paid employees.

So your question wasn't honest, was it?

Those low paid employees weren’t paying 50% tax.

 

[carmanmemoranda]

Those low paid employees weren’t paying 50% tax.

You agree ?

 

[gas112]

You're welcome.

Did cutting the top rate really raise £8bn?

Speaking in Parliament today, George Osborne said this: (thanks to the Guardian’s Andrew Sparrow for the report). I don’t have the number to which Osborne refers but it is broadly in li…

waitingfortax.com

Did cutting the 50p rate of tax raise £8 billion? - Full Fact

Figures released this week on tax receipts aren't as simple as they might seem.

fullfact.org

as for fact checkers saying people held back income you would have expected that the year 2011/2012 would have dropped on the previous year as people held money back yet it had increased to 37.5 billion from 34.5 billion the year before

 

[denso13]

as for fact checkers saying people held back income

No, HMRC said that. It is their figures.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/428961/Income_Tax_Liabilities_Statistics_May_2015.pdf

 

[JohnD]

Please do share how we can choose to delay when we pay tax. Or are you suggesting people delayed earning the money because they knew the change was coming?

That's funny.

After I answered the question, you tried to change it.

So your question wasn't honest, was it?

 

[Roy Bloom]

Are you and your compadres on here out at some xmas party getting pished

It's allowed now.
No-one will, get a fine for partying these days.