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Cameron Tax Evasion
#1569140
11/04/2016 01:16
11/04/2016 01:16
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Joined: Jul 2008
Posts: 12,643 Watford
MarioCirillo
OP
Ex El Presidente
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OP
Ex El Presidente
I AM a Coop
Joined: Jul 2008
Posts: 12,643
Watford
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Im surprised there hasnt been a thread on this already... Im never really one to get involved with these threads on the forum but i was kind of hoping to find one on here to read others views. Personally having seen the protests over the weekend i think the whole thing is ridiculous. Really Interesting article here about the difference between Tax Avoidance and Tax Evasion http://www.independent.co.uk/news/uk/pol...s-a6974791.htmlIm not a huge cameron fan however i dont feel he has done anything wrong here. People seem to believe that "off shore" means Tax Evasion. From what i understand Cameron paid capital gains on the shares when he sold them. Therefore he has paid what was owed. Interesting to hear others views and those who are more qualified than me in this area ...
Proud Owner of Rosso Speed LE041
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Re: Cameron Tax Evasion
[Re: MarioCirillo]
#1569159
11/04/2016 07:47
11/04/2016 07:47
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Big_Muzzie
Unregistered
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Big_Muzzie
Unregistered
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I agree, he hasn't done anything wrong with regard to this particular item. It's just a nice excuse to call for his head.
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Re: Cameron Tax Evasion
[Re: ]
#1569161
11/04/2016 08:25
11/04/2016 08:25
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Jonny
Unregistered
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Jonny
Unregistered
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Just another example of politicians having no clue about the subject they're discussing.
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Re: Cameron Tax Evasion
[Re: MarioCirillo]
#1569164
11/04/2016 08:37
11/04/2016 08:37
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n3dsd
Unregistered
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n3dsd
Unregistered
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As a retired IFA (independent financial advisor ) I advised clients how to order their affair to avoid taxation, perfectly legal, and amongst that advising people to set up "offshore" fund ...in the Isle of Man with very proper insurance companies and totally legally. These are very ordinary people who live in the suburbs not rich or special..the whole thing is ludicrous.. How many people have paid a builder or mechanic in cash ....tax evasion...
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Re: Cameron Tax Evasion
[Re: MarioCirillo]
#1569169
11/04/2016 09:20
11/04/2016 09:20
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Joined: Dec 2005
Posts: 16,603 Corridor of Uncertainty
Jim_Clennell
Forum veteran
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Forum veteran
Joined: Dec 2005
Posts: 16,603
Corridor of Uncertainty
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Although the dismally predictable attack on Cameron is nothing more than cheap political opportunism, there are a few points where he is a legitimate target: firstly, there is no denying that involvement in tax avoidance looks bad, be it ever-so-legal. Remember Cameron's words about Jimmy Carr? That Jersey scheme was (I believe) legal - by the skin of its teeth - and yet Cameron (ill-advisedly) laid into Carr in no uncertain terms. If you are going to target someone from a position of high office, then you have to be whiter than white in your own affairs. Secondly, there is every reason to investigate the tax affairs of the Prime Minister, given that other powerful figures have been forced to resign. There still appear to be anomalies in some of the transactions (the amount invested by Mr & Mrs Cameron appears to be below the minimum threshold for that scheme), so any investigative journalist worth his salt is going to be interested in that. Finally, if you remember the family values campaign by John Major's administration, swiftly followed by the revelation that he himself had had an affair with (married) Edwina Currie, it brings the lesson home that if you set yourself up as a guardian of certain values, then your fall will be swift and covered in schadenfreude if you are then seen to be abusing them.
Unless something very smelly emerges, then Cameron (rightly) won't resign over this. But he (and all politicians of every persuasion) should expect to be very thoroughly scrutinised. Talking of which, I'll bet myself a large glass of red wine that at least one figure from "the left" is found to have been playing around in Panama, to give Cameron's apologists some "tit" for his "tat".
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Re: Cameron Tax Evasion
[Re: MeanRedSpider]
#1569188
11/04/2016 10:52
11/04/2016 10:52
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Joined: Dec 2005
Posts: 16,603 Corridor of Uncertainty
Jim_Clennell
Forum veteran
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Forum veteran
Joined: Dec 2005
Posts: 16,603
Corridor of Uncertainty
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The reason he was involved in it is that they are very well-run. Apparently most pension schemes invest in the same way. What they aren't is tax avoidance vehicles.
It is unfortunate to be tied up in such dodgy dealings I think that's the point; legitimate schemes will be judged by the shady company they keep...
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Re: Cameron Tax Evasion
[Re: Jim_Clennell]
#1569205
11/04/2016 11:41
11/04/2016 11:41
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Jonny
Unregistered
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Jonny
Unregistered
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Although the dismally predictable attack on Cameron is nothing more than cheap political opportunism, there are a few points where he is a legitimate target: firstly, there is no denying that involvement in tax avoidance looks bad, be it ever-so-legal. Remember Cameron's words about Jimmy Carr? That Jersey scheme was (I believe) legal - by the skin of its teeth - and yet Cameron (ill-advisedly) laid into Carr in no uncertain terms. If you are going to target someone from a position of high office, then you have to be whiter than white in your own affairs.
What Cameron has done isn't even close to tax avoidance. It's just standard practice. We've all done it, even Jeremy Corben's street-cleaners. Whereas Jimmy Carr will (should) have been told this is tax avoidance pure and simple. He had a choice of how much tax to pay and he chose the lowest rate Still legal, but it's purely a moral choice.
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Re: Cameron Tax Evasion
[Re: Jim_Clennell]
#1569212
11/04/2016 13:27
11/04/2016 13:27
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Jonny
Unregistered
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Jonny
Unregistered
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You are undoubtedly right. But my point (or a hybrid of my points!) stands: if you criticise others from high office you must be whiter than white in your own dealings, and if your affairs are found to be associated (however remotely) with potentially dodgy entities, you must be prepared for this to be exploited by your opponents.
But that's the point, he is whiter than white on this occasion from what I can see. No association with anything remotely dodgy. Someone should pull up details on where all Jeremy Corben's pensions are invested. He'd be shocked!
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Re: Cameron Tax Evasion
[Re: ]
#1569224
11/04/2016 14:18
11/04/2016 14:18
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Joined: Dec 2005
Posts: 16,603 Corridor of Uncertainty
Jim_Clennell
Forum veteran
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Forum veteran
Joined: Dec 2005
Posts: 16,603
Corridor of Uncertainty
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Someone should pull up details on where all Jeremy Corben's pensions are invested. He'd be shocked! I am certain that a small, but zealous, army of interns are beavering away diligently on this as we speak.
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Re: Cameron Tax Evasion
[Re: Jim_Clennell]
#1569227
11/04/2016 14:21
11/04/2016 14:21
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Jonny
Unregistered
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Jonny
Unregistered
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Someone should pull up details on where all Jeremy Corben's pensions are invested. He'd be shocked! I am certain that a small, but zealous, army of interns are beavering away diligently on this as we speak.
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Re: Cameron Tax Evasion
[Re: MarioCirillo]
#1569230
11/04/2016 14:33
11/04/2016 14:33
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Nobby
Unregistered
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Nobby
Unregistered
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One question that no-one (well, no-one in my office) has been able to answer yet, is how can it be possible for a 'shell' company be set up and not be directly attributable to someone?
Sure, there are people named (family/friends/housekeepers/cats etc..) but no-one seems to be have overall responsiblilty for it.
Is this the actually the case? Even if its in someone else's name (i.e Friend gives you £100m to invest ofshore), then the named party should have to prove how they got that money - and if you have paid taxes.
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Re: Cameron Tax Evasion
[Re: MarioCirillo]
#1569238
11/04/2016 15:09
11/04/2016 15:09
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n3dsd
Unregistered
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n3dsd
Unregistered
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Its just come out that Jeremy Corben can't find his tax return...after making a big song and dance about it last week...!!! I will make no comment!
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Re: Cameron Tax Evasion
[Re: ]
#1569262
11/04/2016 17:32
11/04/2016 17:32
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Jonny
Unregistered
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Jonny
Unregistered
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One question that no-one (well, no-one in my office) has been able to answer yet, is how can it be possible for a 'shell' company be set up and not be directly attributable to someone?
Sure, there are people named (family/friends/housekeepers/cats etc..) but no-one seems to be have overall responsiblilty for it.
Is this the actually the case? Even if its in someone else's name (i.e Friend gives you £100m to invest ofshore), then the named party should have to prove how they got that money - and if you have paid taxes. They (family/friends/cat etc) are not legally responsible and will(should) have a legal document to prove it. The ultimate owner is responsible for it. But of course it depends on the local tax/company laws as to what those rules are and how transparent the business is. New rules are being introduced in the UK to counteract nominee shareholders such as those above. http://www.icaew.com/en/technical/legal-...ificant-control
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Re: Cameron Tax Evasion
[Re: MarioCirillo]
#1569267
11/04/2016 17:59
11/04/2016 17:59
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Joined: Dec 2005
Posts: 611 Aberdeenshire,Scotland
Azzura
Enjoying the ride
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Enjoying the ride
Joined: Dec 2005
Posts: 611
Aberdeenshire,Scotland
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The most important question about the whole farce is - why are all the other politicians and the press suffering from amnesia? I have known since at least 2009 - 2010 about Cameron's family tax shelter business, it was common knowledge, so why all the faux outrage?
Yesterday Sprint Blue 20VT,today Denim Blue TT225
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Re: Cameron Tax Evasion
[Re: Azzura]
#1569268
11/04/2016 18:02
11/04/2016 18:02
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Joined: Dec 2005
Posts: 16,603 Corridor of Uncertainty
Jim_Clennell
Forum veteran
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Forum veteran
Joined: Dec 2005
Posts: 16,603
Corridor of Uncertainty
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...so why all the faux outrage? Pin-headed political point-scoring. Slightly less difficult to address than "What are we actually going to do about Syria"
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Re: Cameron Tax Evasion
[Re: MarioCirillo]
#1569271
11/04/2016 18:13
11/04/2016 18:13
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Big_Muzzie
Unregistered
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Big_Muzzie
Unregistered
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Never thought I'd say this but I actually feel a bit sorry for ol' Dave. He's paid his dues, shame his first statement wasn't more open, then he is in the lying game and probably can't help it.
Cant wait to see some of the tax returns with six figure expenses claims on them.
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Re: Cameron Tax Evasion
[Re: Jim_Clennell]
#1569276
11/04/2016 19:13
11/04/2016 19:13
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Joined: Oct 2008
Posts: 6,783 In the coupe.
magooagain
Club Member 259
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Club Member 259
Forum is my life
Joined: Oct 2008
Posts: 6,783
In the coupe.
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Slightly less difficult to address than "What are we actually going to do about Syria" [/quote]
Yes my thoughts also. It's all red herrings and bolox. They should be ashamed of thier childish postering while people in other parts of the world are in dire straights.
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