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Re: What can you get away with on your expenses?

Quote:

Originally Posted by SoulKiss (Post 1522152)

When I come to power I will gather up all the money in the country and distribute it to everyone equally.

Then, when I have spent my share I will do it again.

ahh modern comunisum at its best, you know that idea dosent work dont you?? ;)

Re: What can you get away with on your expenses?

Quote:

Originally Posted by gettin2dizzy (Post 1522126)

My bad wording, sorry. I'm not talking about successful businessmen here as I also believe that you need to be rewarded. They've contributed their bit financially and more importantly; socially to society and shouldn't be penalised for succeeding. But I don't like the way that the SUPER rich can avoid tax. Rather it should be capped at a level that inspires them to keep their interest here, whilst not allowing them to take advantage of clever accountants.

The tax loopholes that may (or may not) be exploited by the wealthy are open to all UK taxpayers. It is just that the amount (not to be confused with the level e.g. 40%) of tax these wealthy individuals would pay make it worthwhile using every means to reduce their tax bill. It's no different from buy a TV or anything else, you pay the least amount possible.

now if you employ a decent accountant, not only will they likely reduce your tax bill, but probably will give you a few tips on what you can 'claim on expenses' to. This brings us back to the original point.

I can claim nothing these days. But I do know folks that have had conservatories, TV's etc allowed as legitimate business expenses..... :smt098

Re: What can you get away with on your expenses?

The Super Wealthy have.......accountants :p

A lot (if not most) of the Super Wealthy are not British or were not born here, meaning they get to be Non-Doms, and essentially this means they can hold most of their assets abroad where they can grow unfettered by minor irritants like income and capital taxes. And it's amazing how yer money grows without sh#t like that :rolleyes:

Re: What can you get away with on your expenses?

Quote:

Originally Posted by neio79 (Post 1522165)

ahh modern comunisum at its best, you know that idea dosent work dont you?? ;)

Yes it does - in Star Trek they have a communist police state and everyone seems happy :)

The only problem with communism is that while everyone is equal, there are always those who think they should be more equal than everyone else.

Re: What can you get away with on your expenses?

Quote:

Originally Posted by SoulKiss (Post 1522215)

Equality doesn't imply that everyone is equal ;)

Re: What can you get away with on your expenses?

Quote:

Originally Posted by SoulKiss (Post 1522215)

i.e human nature, and why it will never work other than in theory.

Human needs are finite but human wants are infinte, so it all falls down.