Tax Evasion

DAIR

DAIR

DAIR

Soldato
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Seems to be the new thing at the moment. Naming and shaming those stinking rich individuals Who avoid paying their fair share.

What are you thoughts on aggressive tax avoidance?

Would you ever attempt to do the same?

Have you ever opted to avoid paying tax (no matter how small)?
 
Title is completely wrong. Evasion is illegal, avoidance isn't.

Companies, people you hear about avoid tax, they don't evade it. It's perfectly legal to do, so why wouldn't they do it?

Blame the Government, not the companies (I guess people are slightly more blameable). But you have to bare in mind that these companies will leave if we change the system and then a lot more money will be lost.

Also they only avoid corporation tax, what about all the VAT they generate, people they employ all pay taxes, etc.
 
AlecR said:
Also they only avoid corporation tax, what about all the VAT they generate, people they employ all pay taxes, etc.
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What about all of the good things that Hitler did? Why don't we hear about those things so much?

*attempts to Godwin yet another tax evasion thread early*
 
Terminal_Boy said:
How about we make it really simple and make everyone pay 20% of everything they earn?

No allowances, no loopholes, no exceptions.
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You just made a lot of really poor people unable to pay their rent and made a lot of well off people have more money. The social consequences of poor people being unable to pay their rent, their bills, or feed their children will mean mass protests, riots and increased crime. This will need Policing of course but we'll be unable to meet the levels of Policing neccesary due to a lack of tax revenue. Eventually society will break down.
 
Its arguable that because there will always be a percentage of people who will refuse to pay tax, that you may as well legalise it in the form of agressive avoidance (or have deals with countries with low tax), so that the money stays circulated in your currency. See the channel isles for the pound, Luxenburg for the Euro, Puerto Rico for the Dollar, Malta for the Ruble etc...
 
DAIR said:
Seems to be the new thing at the moment. [..]
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Election year and the deliberate non-payment of taxes(*) is currently a bit of a political issue.

Nowhere near as much of a political issue as the vastly smaller amount of money lost to the relative handful of dubious welfare claims, of course, but poor people are a far easier target than rich people.



* a clumsier way of putting it, but it avoids the hair-splitting and diversion that inevitably results from the not really relevant distinction of how skilled the accountant behind the deliberate non-payment of taxes is. That's the real difference between evasion and avoidance - they're exactly the same thing but the latter is done by a more skilled accountant who can obfuscate it more effectively.
 
Avoidance doesn't have to require a highly skilled accountant... My pension is avoiding tax, an ISA is set up to allow you to avoid tax... if you invest in farmland and let your kids inherit it you can avoid inheritance tax....
 
Angilion said:
* a clumsier way of putting it, but it avoids the hair-splitting and diversion that inevitably results from the not really relevant distinction of how skilled the accountant behind the deliberate non-payment of taxes is. That's the real difference between evasion and avoidance - they're exactly the same thing but the latter is done by a more skilled accountant who can obfuscate it more effectively.
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Well no as evasion implies that tax isn't being paid at all.

Avoidance implies that you're avoiding paying all of your tax but you're still paying some tax.
 
I would evade tax if there was a way. I think its illegal to even discuss evading tax. I have no problem with other people evading tax, in fact I encourage it although accept no liability for other people activities.

Paynoincometax.com

Schiff is in jail now, he studied the us law and found that income is only applicable to businesses not employees. Employees don't have income any more than they have tax exempt expenses. The government could not prove him wrong and basically they know that they have no lawful right to steal income tax but they do bit anyway. Ie they know its illegal but they don't care.

Income tax was justified as a temporary tax when it was implemented almost 100 years since and look at the disaster we have now. The state just can't collect enough, when is enough tax enough for the greedy state and social justice warriors that defend it?
 
Lets put it like this, if I had the sort of money that these individuals have, or I came into a few millions by way of a lottery win or an inheritance, then I'd be looking at ways to pay as little tax as legally possible.
 
anything I don't mind said:
I would evade tax if there was a way. I think its illegal to even discuss evading tax. I have no problem with other people evading tax, in fact I encourage it although accept no liability for other people activities.

Paynoincometax.com

Schiff is in jail now, he studied the us law and found that income is only applicable to businesses not employees. Employees don't have income any more than they have tax exempt expenses. The government could not prove him wrong and basically they know that they have no lawful right to steal income tax but they do bit anyway. Ie they know its illegal but they don't care.
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If you read the court findings on his own website, it lists the laws he broke!
 
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