Goldman Sachs Pay Your Tax
- Thread starter rickh
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Considering the amount, I;d hazard a guess that most of these 'dodgy deals' were brokered under Gordon Browns financial prowess when he was still the chancellor ? I can't imagine any government trying to claw it back now though as this would simply result in those institutions moving their operations out of the UK, which would lead to more unemployment and the country in a worse state.
This should have been nailed at the very start and such deals maybe not handed out, although the net result would likely have been the same, at least then the economy was not as low as it is now, so possibly it would have been easier to ride out the loss of 1000's of jobs
This should have been nailed at the very start and such deals maybe not handed out, although the net result would likely have been the same, at least then the economy was not as low as it is now, so possibly it would have been easier to ride out the loss of 1000's of jobs
The allegations relate to a supposed cosy relationship and deals done between Dave Hartnett, head of HMRC and tax advisers to the likes of Goldman Sachs and Vodafone. Nothing to do with the Exchequer or Gordon Brown.
HMRC don't operate under free reign though, something like this would have to be green lighted at a government level and governments woul dhave knowledge of what HMRC were doing, that can't claim Ignorance with regards to the guys who actually collect their dues
Soldato
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The state of the whole world economy and all world problems from Dogs that need a breath mint to babies that cry in the street, it's all down to Gordon Brown, Jesus Christ, change the record pleeeeeease, any thread that talks about anything negative in our country, "It's Gordon Browns fault" 
http://uk.news.yahoo.com/hmrc-solicitor-pressed-vodafone-tax-deal-180828095.html
Surprise, surprise. All in it together, etc. I wonder when the rest of us will be allowed to ignore taxes.
I love how wound up people get about stuff like this.
Companies like Goldmans make a fortune for the UK economy through tax, trade etc. If the government wants to soften the deal every now and again to keep them happy and ensure they don't move all their offices abroad, then isn't that far better than taxing the hell out of them and losing our banking industry, probably the only decent thing left in the UK now?
Companies like Goldmans make a fortune for the UK economy through tax, trade etc. If the government wants to soften the deal every now and again to keep them happy and ensure they don't move all their offices abroad, then isn't that far better than taxing the hell out of them and losing our banking industry, probably the only decent thing left in the UK now?
Current government needs to answer for this also then. I simply refuse to believe that HMRC were given carte blanche in this area. Someone in the ConDem government must have known what deals were on, same for previous labour deals too.
but then flogging the normal tax paying voting public to recoup loses and make up for deficits and spending shortfalls is not acceptable either. We get stung for everything. Fuel Tax, VAT, Income Tax, Booze/Tobacco tax, Inheritence tax, stamp duty.
Why shouldn't large multinational corps pay their fair dues also if the public are forced to under punishment of prison ?
75% of Europe's financial transactions go through the City and any company that wants to take advantage of the huge pool of experienced staff in London has to work here.
The rise and fall of trading/financial centres takes an extremely long time (e.g. Venice or Amsterdam). There is absolutely no way that any worthwhile company would pull out of London, which is arguably more important than New York, because of a tax bill.
Like anything Bunka it is about balance
Look at all the Russian oligarchs in London, I bet the average one pays more in VAT in one year than I will pay in income tax in my whole life yet the bulk of their income will be sheltered from tax one way or another. They will pay far more in tax than me or you but as a percentage of worth it will be much lower.
I advocate a lower tax burden in our country, not because I support the super wealthy, on the contrary because no matter how many people are employed at HMRC there will ALWAYS be a means and a way for them to mitigate their tax. So empower the lower classes and encourage them by removing punitive taxes on fuel, income and houses etc.
We paid £10k stamp duty on our house, Tamara Ecclestone (daughter of mr F1) bought one of London's most expensive house at £45 million and didn't pay a penny in stamp duty the insidious cretin. Where is the sense of fairness in that.
http://www.theweek.co.uk/business/7273/hsbc-move-out-london-‘entirely-speculative’
HSBC say its speculation, I guess we wait and see what happens. If the crazy EU tobin tax comes in to play they certainly will go back to Hong Kong I would think
He had to get that dig in on Labour - don't let facts get in the way of his argument now will you?
well labour are actually responsible for the financial mismanagement of this countries books for the previous 13 years while they were in power... that is a fact.
When the current clowns in power have finished their mismanagement cycle they will get the same levels of scorn from me also.