Trump

[Sundayjumper]

I'm at the nuclear factory, I'm at the drug factory, I'm at the combination drug slash nuclear factory.

[mik]

Alright mate. Have you.... erm.... have you got any.... erm.... got any of that nuclear mate?

[Jobbo]

No we work on all rigs over the world, uk people could do it but the work for them has dwindled so much we are taking up the slack. When we get paid no money comes back to the uk from the contractor.

The UK work is drying up massively so there is less point in having a UK arm of the business. Whatever way you look at it that is less UK tax money coming in.

If we decided that Lawyers earn too much and we should tax them a higher percentage, would you not be annoyed that you were paying a much higher percentage than other people for zero gain ?

What if you ran a firm with 100 employees and decided to start up again in Norway and pay less. Who benefits apart from you as the government doesn't.

Personally, if you employ people and bring in a lot of business, I think your level of tax should go down the more work and jobs you bring in. Incentivise building a business in the UK and use the people we have over here.

Dave!

I’m not sure I understand your point Dave. You want some industries to be exceptional? Why? Law firms and lawyers already pay the same rates as other businesses and individuals.

If you move your business to a different country then you pay your taxes there instead, provided you do actually move rather than pretend to. But you have then left the U.K. so shouldn’t have any say in what the U.K. chooses to do.

Compare Dyson, Ratcliffe et al to Denise Coates. She runs a business which is very easy to offshore yet she doesn’t and consequently is, I believe, the single biggest taxpayer in the U.K.

[DaveE]

This is giving me flashbacks to my CIB banking exams years ago

One of the questions was about a Brazilian footballer who plays for a UK club, but is paid through an LLC in another country - where does tax gets paid?

[V8Granite]

No we work on all rigs over the world, uk people could do it but the work for them has dwindled so much we are taking up the slack. When we get paid no money comes back to the uk from the contractor.

The UK work is drying up massively so there is less point in having a UK arm of the business. Whatever way you look at it that is less UK tax money coming in.

If we decided that Lawyers earn too much and we should tax them a higher percentage, would you not be annoyed that you were paying a much higher percentage than other people for zero gain ?

What if you ran a firm with 100 employees and decided to start up again in Norway and pay less. Who benefits apart from you as the government doesn't.

Personally, if you employ people and bring in a lot of business, I think your level of tax should go down the more work and jobs you bring in. Incentivise building a business in the UK and use the people we have over here.

Dave!

I’m not sure I understand your point Dave. You want some industries to be exceptional? Why? Law firms and lawyers already pay the same rates as other businesses and individuals.

If you move your business to a different country then you pay your taxes there instead, provided you do actually move rather than pretend to. But you have then left the U.K. so shouldn’t have any say in what the U.K. chooses to do.

Compare Dyson, Ratcliffe et al to Denise Coates. She runs a business which is very easy to offshore yet she doesn’t and consequently is, I believe, the single biggest taxpayer in the U.K.

What I mean is we should incentivise business to be in the UK.

If it's cheaper for your business to move to say Ireland, do you then pay whatever tax you should pay in Ireland, employ Irish workers then the UK loses out.

If you employ people, pay their wages and contribute a good amount of tax I see no reason why as an owner you should t have some kind of tax reduction whether it be business rates or your own personal tax bill. If you employed 100 lawyers in your firm and directly owned and ran the company, you can pay NI and that's it imo, you've more than done your bit.

I always look at tax like this, rightly or wrongly, that a tax payer is a customer of the government. The government should want to keep customers if you can earn from them. F you give me a large amount of business then you get a better price, which in this case is a lower tax bill.

We pushed the billionaire Chris Rokos away and lost £330,000,000 a year in tax. He was a huge tax payer for years from what I understand of the interview I saw.

Dave!

[ZedLeg]

He also increased his wealth by like 1.4 bil over the last 8 or so years so let's not pretend he was getting screwed.

[Swervin_Mervin]

He also increased his wealth by like 1.4 bil over the last 8 or so years so let's not pretend he was getting screwed.

Yeah but now we're getting screwed. It's nothing more than self harm.

[240PP]

He also increased his wealth by like 1.4 bil over the last 8 or so years so let's not pretend he was getting screwed.

So we want his £330m in tax but it's not ok for him to increase his wealth at the same time?

[Mito Man]

The guy’s probably thinking why the hell he paid £330m per year here for a few years. He’d have £4+ billion in the bank if he moved to Dubai instead
Chump.

[ZedLeg]

He also increased his wealth by like 1.4 bil over the last 8 or so years so let's not pretend he was getting screwed.

So we want his £330m in tax but it's not ok for him to increase his wealth at the same time?

No I'm saying that we shouldn't be held to ransom by selfish cunts who just want more money to throw on the pile.

[dinny_g]

Like the Abu Dhabi government ??

Holy thread crossover batman