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Post by knowingeye on Jun 21, 2012 12:51:21 GMT
David Cameron's father ran a network of offshore investment funds to help build the family fortune that paid for the prime minister's inheritance, the Guardian can reveal. Though entirely legal, the funds were set up in tax havens such as Panama City and Geneva, and explicitly boasted of their ability to remain outside UK tax jurisdiction. At the time of his death in late 2010, Ian Cameron left a fortune of £2.74m in his will, from which David Cameron received the sum of £300,000. www.guardian.co.uk/politics/2012/apr/20/cameron-family-tax-havens |
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Post by DansViews on Jun 21, 2012 12:55:02 GMT
I'd do the same if I had the nouse and the money.
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Post by knowingeye on Jun 21, 2012 13:11:44 GMT
But for Cameron to say that others are "morally wrong" for taking advantage of this loophole is a bit rich when he directly benefited from off-shore finances.
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Post by followyoudown on Jun 21, 2012 13:23:37 GMT
The reason this company pays no tax is that it is based in Panama, the moment a penny of it is moved to the UK it becomes taxable as the report says
"UK residents would ordinarily have to pay tax on any profits they repatriated, and there is nothing to suggest the Camerons did not."
The only reason the PM would have received any money tax free is because of his father dying and some or all of this may have been below the inheritance tax limit.
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Post by mozzer68 on Jun 21, 2012 14:45:15 GMT
I think he has opened a whole can of worms for himself here.
Making a big issue of those who have offshore accounts and using Jimmy Carr as an example.
There a many people who have a lot of money who do this.
Nigel Mansell and Sol Campbell are two that i have heard of in the past.
This will come back and bite Cameron somewhere along the line, some Tory party donation, or the very wealthy mp with several houses finding loopholes in the system.
We already know what a bunch of untrustworthy bunch they all are with the expenses scandal...........Get your tin hat on Dave ;D
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Post by knowingeye on Jun 21, 2012 14:47:03 GMT
I think he has opened a whole can of worms for himself here. Making a big issue of those who have offshore accounts and using Jimmy Carr as an example. There a many people who have a lot of money who do this. Nigel Mansell and Sol Campbell are two that i have heard of in the past. This will come back and bite Cameron somewhere along the line, some Tory party donation, or the very wealthy mp with several houses finding loopholes in the system. We already know what a bunch of untrustworthy bunch they all are with the expenses scandal...........Get your tin hat on Dave ;D Nigel Mansell lives in Jersey |
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Post by mozzer68 on Jun 21, 2012 15:25:14 GMT
I know Mansell lives in Jersey, Part of the reason he lives there is for tax purposes which i am pretty sure he openly admitted years ago.
The point is, Cameron can't suddenly start blarting about people not paying as much tax as he would like.
They are paying what they need to pay and nothing more cos they have the nouse to work the system, It's Cameron who thinks its morally wrong.
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Post by knowingeye on Jun 21, 2012 15:40:06 GMT
I worked for a company that suggested that I should consider a K2 type deal like other directors, I refused and they got rid of me.
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Post by oldgit57 on Jun 21, 2012 18:55:54 GMT
But for Cameron to say that others are "morally wrong" for taking advantage of this loophole is a bit rich when he directly benefited from off-shore finances. Given the shameful conduct of the people publicly defended by Cameron eg the disgusting Coulson, what right does this arrogant oaf think that he has to moralise to the rest of us!  |
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Post by Huddysleftfoot on Jun 21, 2012 19:22:52 GMT
But for Cameron to say that others are "morally wrong" for taking advantage of this loophole is a bit rich when he directly benefited from off-shore finances. Given the shameful conduct of the people publicly defended by Cameron eg the disgusting Coulson, what right does this arrogant oaf think that he has to moralise to the rest of us! Don't forget that Gideon's family also like to avoid tax... ;D |
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Post by Deleted on Jun 21, 2012 19:45:14 GMT
Tax avoidance lobbyist chosen as Labour council candidate
In the Town Ward byelection taking place on July 12th, the Labour Party has chosen Ben Coleman, someone they describe as a "local entrepreneur". He actually lives in Shepherd's Bush. But why are they so coy about disclosing just what sort of "entrepreneur" he is?
It turns out that he is a lobbyist, having set up his own firm Oceans Consulting - after failing to be selected as a Labour candidate for the 2001 General Election.
In his professional political life he helps the cause of tax avoidance. His clients include the British Virgin Islands Financial Services Commission. It sees its role as “safeguarding the privacy and confidentiality of legitimate business transactions” in what is commonly regarded as a tax haven. In 2007 he won an award for his work for The Society of Trust and Estate Practitioners. They exist to represent the professionals who help people to avoid tax.
Yet when he is taking part in politics as a hobby, he is happy to join in the class war attacks on bankers as "greedy bastards" and lament on the Progress website that the Labour Party has developed:
..an unhealthy fascination at the top of the party with large companies – or, more accurately, the very rich.
Indeed.
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Post by adri2008 on Jun 21, 2012 19:55:31 GMT
Politicians can't lecture on morality, they all have their snouts in the trough and have very little in common with the rest of us.
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Post by salopstick on Jun 21, 2012 19:58:21 GMT
Fucking hell RMB
You can slate Tories all you want but they are all at it red blue rich
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Post by Huddysleftfoot on Jun 21, 2012 20:14:29 GMT
Tax avoidance lobbyist chosen as Labour council candidate In the Town Ward byelection taking place on July 12th, the Labour Party has chosen Ben Coleman, someone they describe as a "local entrepreneur". He actually lives in Shepherd's Bush. But why are they so coy about disclosing just what sort of "entrepreneur" he is? It turns out that he is a lobbyist, having set up his own firm Oceans Consulting - after failing to be selected as a Labour candidate for the 2001 General Election. In his professional political life he helps the cause of tax avoidance. His clients include the British Virgin Islands Financial Services Commission. It sees its role as �safeguarding the privacy and confidentiality of legitimate business transactions� in what is commonly regarded as a tax haven. In 2007 he won an award for his work for The Society of Trust and Estate Practitioners. They exist to represent the professionals who help people to avoid tax. Yet when he is taking part in politics as a hobby, he is happy to join in the class war attacks on bankers as "greedy bastards" and lament on the Progress website that the Labour Party has developed: ..an unhealthy fascination at the top of the party with large companies � or, more accurately, the very rich. Indeed. Good spot sunshine, bit of a difference though from a local labour councillor to a Tory PM and Chancellor though don't you think? |
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Post by Deleted on Jun 21, 2012 20:19:33 GMT
Tax avoidance lobbyist chosen as Labour council candidate In the Town Ward byelection taking place on July 12th, the Labour Party has chosen Ben Coleman, someone they describe as a "local entrepreneur". He actually lives in Shepherd's Bush. But why are they so coy about disclosing just what sort of "entrepreneur" he is? It turns out that he is a lobbyist, having set up his own firm Oceans Consulting - after failing to be selected as a Labour candidate for the 2001 General Election. In his professional political life he helps the cause of tax avoidance. His clients include the British Virgin Islands Financial Services Commission. It sees its role as �safeguarding the privacy and confidentiality of legitimate business transactions� in what is commonly regarded as a tax haven. In 2007 he won an award for his work for The Society of Trust and Estate Practitioners. They exist to represent the professionals who help people to avoid tax. Yet when he is taking part in politics as a hobby, he is happy to join in the class war attacks on bankers as "greedy bastards" and lament on the Progress website that the Labour Party has developed: ..an unhealthy fascination at the top of the party with large companies � or, more accurately, the very rich. Indeed. Good spot sunshine, bit of a difference though from a local labour councillor to a Tory PM and Chancellor though don't you think? |
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Post by Deleted on Jun 21, 2012 20:27:26 GMT
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Post by salopstick on Jun 21, 2012 20:29:58 GMT
Keep em coming RMB
Like I said red or blue but rich they are all at it.
The govt should clamp down
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Post by Deleted on Jun 21, 2012 20:36:34 GMT
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Post by Huddysleftfoot on Jun 21, 2012 21:49:32 GMT
So would you like me to find you links to all the Tory supporting tax dodgers like Phillip Green? Vodafone? pretty sure there wouldn't be enough bandwidth sunshine. |
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Post by Huddysleftfoot on Jun 21, 2012 22:11:22 GMT
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Post by desman2 on Jun 21, 2012 22:31:56 GMT
I think all those moaning are just jealous because they cant do it.
I think if I was rich enough to do it i'd look at how succesive governments waste the money they get and think fuck that.
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Post by swanster on Jun 22, 2012 11:21:58 GMT
I don't think anyone is naive enough to claim it doesn't happen on both sides, the left and the right.
I certainly don't blame anyone for minimising the tax they pay and if I was in Jimmy Carr's position I'd have done the same.
If we're going to crack down on tax evasion we need to be looking at the Vodafones of this world, who avoid paying billions of pounds in tax every year.
The main issue here though is Cameron's crass hypocrisy, imo. I'm sure he or someone he knows has benefited from similar practices. This will come back and bite him on the arse.
His lack of judgment is astonishing.
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Post by Godo on Jun 22, 2012 11:54:49 GMT
Jimmy Carr was a hypochrite for what he did but it defied any sense of self awareness or moral compass for Cameron to add his fat, rubbery face to the debate! He inherited ( cause let's be honest he hasn't the ability to have earned it via his own talent) and married into money that was made via tax avoidance! What are Cameron and Ratboy Osbourne going to do to close this loophole then? 4 or 5 times what the Tories are trying to save by attacking the soft target of benefit claimants is lost to tax loopholes every year.
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Post by blurtonboy on Jun 22, 2012 14:37:55 GMT
How do you get rich, when you have spent 45 years on a council estate, think they could help with my taxes?
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Post by salopstick on Jun 22, 2012 17:37:40 GMT
We need a fair rate of income tax
Say first 10k no tax
Get rid of NI
Close loopholes
A flat rate of for example 30% on everything else
That way everyone pays the same rate the more you earn the more you pay but importantly it's the same %
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Post by mistersausage on Jun 23, 2012 0:28:47 GMT
Tax avoidance lobbyist chosen as Labour council candidate In the Town Ward byelection taking place on July 12th, the Labour Party has chosen Ben Coleman, someone they describe as a "local entrepreneur". He actually lives in Shepherd's Bush. But why are they so coy about disclosing just what sort of "entrepreneur" he is? It turns out that he is a lobbyist, having set up his own firm Oceans Consulting - after failing to be selected as a Labour candidate for the 2001 General Election. In his professional political life he helps the cause of tax avoidance. His clients include the British Virgin Islands Financial Services Commission. It sees its role as “safeguarding the privacy and confidentiality of legitimate business transactions” in what is commonly regarded as a tax haven. In 2007 he won an award for his work for The Society of Trust and Estate Practitioners. They exist to represent the professionals who help people to avoid tax. Yet when he is taking part in politics as a hobby, he is happy to join in the class war attacks on bankers as "greedy bastards" and lament on the Progress website that the Labour Party has developed: ..an unhealthy fascination at the top of the party with large companies – or, more accurately, the very rich. Indeed. But it isn't him who has just criticised a professional comedian is it  You do know that no matter how much toadying you post on here they won't accept you as one of them don't you ;D |
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Post by Deleted on Jun 24, 2012 23:48:00 GMT
So would you like me to find you links to all the Tory supporting tax dodgers like Phillip Green? Vodafone? pretty sure there wouldn't be enough bandwidth sunshine. Why don't you ? You seem to enjoy finding out all things anti Tory , you must be pretty Nieve if you think only the Tories and their supporters feather their own nests  |
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