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Archive for the ‘Hypocrisy’ Category

Morally wrong and unfair #London #unfair #taxation #takingadvantage #commonsense #taxpayer #TFL


Here’s another list that I should have started years ago but hey ho….

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1. June 2014 London Congestion charge to rise by 15%. Ever heard of inflation Boris? Just in case you haven’t, it’s currently about 2%, so where’s the justification in a 15% rise in this TAX?

2. July 2013 Diplomats owe over £60m in unpaid congestion charge fines. Just beggars belief in this day and age!

 

 

 

Watch this space for more hypocrisy…

HM Revenue & Customs: Tackling tax avoidance: Spotlights #QE #BOE #HMRC #tax #taxpayer #saver #pension #hypocrisy

September 9, 2013 Leave a comment

HM Revenue and Customs seen from Parliament Sq...

HM Revenue & Customs: Tackling tax avoidance: Spotlights.

Interesting article from HMRC on tax avoidance.

Go towards the bottom of the page…

Further information, tax planning to be wary of:

Tax planning to be wary of

  • It sounds too good to be true.
  • Artificial or contrived arrangements are involved.
  • It seems very complex given what you want to do.
  • There are guaranteed returns with apparently no risk.
  • There are secrecy or confidentiality agreements.
  • Upfront fees are payable or the arrangement is on a no win/no fee basis.
  • The scheme is said to be vetted by a top lawyer or accountant but no details of their opinion are provided.
  • The scheme is said to be approved by HMRC (it does not follow that this is true).
  • Taxation of income is delayed or tax deductions accelerated.
  • Tax benefits are disproportionate to the commercial activity.
  • Offshore companies or trusts are involved for no sound commercial reason.
  • The involvement of professional trustees is claimed to guarantee that the arrangements succeed.
  • A tax haven or banking secrecy country is involved without any sound commercial reason.
  • Tax exempt entities, such as pension funds, are involved inappropriately.
  • It contains exit arrangements designed to sidestep tax consequences.
  • It involves money going in a circle back to where it started.
  • Low risk loans to be paid off by future earnings are involved.
  • The scheme promoter lends the funding needed.
  • There is a requirement to take out insurance against the failure of the tax planning to deliver the tax benefits.

is it just me, or do some of these sound like the definition of QE?

Common sense?

Carney Cripples Savers for Years With Rates Pledge: U.K. – Bloomberg #savers #pension

September 9, 2013 Leave a comment

cropped-tomb-commonsense.jpgCarney Cripples Savers for Years With Rates Pledge: U.K. – Bloomberg.

Seems a bit harsh to kick Mr Carney in the ‘painfuls’ when his predecessor Mr King failed to even spot the financial crisis. Either way neither will go hungry.

Common sense and fairness, not really!

BBC News – Vodafone: No UK tax to pay on £84bn sale #pension #taxpayer #fairness #HMRC #UK #takingthep

September 3, 2013 Leave a comment

Neon

Neon (Photo credit: Wikipedia)

BBC News – Vodafone: No UK tax to pay on £84bn sale.

What an absolute disgrace.

So whilst hard-working honest people pay through the nose for the mistakes of the banks and the treasury over the past few years, corporate UK walks away again, laughing in the face of HMRC!

No wonder the UK stock market is near a high.

Want to solve the financial crisis and budget deficit? Don’t look at me, look at the NON taxpayers.

Common sense, has the UK government or HMRC got any?

BBC News – GCSEs 2013: Top grades fall for second year #moronic #fail #stupidity #wtf #Gcse results

August 22, 2013 Leave a comment

English: neck of bottle of champagne

English: neck of bottle of champagne (Photo credit: Wikipedia)

BBC News – GCSEs 2013: Top grades fall for second year.

So it’s become tougher to pass your GCSE’s this year for the first time in 25 years!

In my humble opinion the examiners need a sharp and severe kick in the pants.

Let’s look at what our kids, the future generation are being fed with every day.

Financial crisis, worsening job prospects, massive national debt, misselling by banks, rising cost of living just to name but a few. So how do we go about encouraging children to work hard, to succeed for the future?

Answer, reward them with fewer GCSE passes!

Unbelievable. Common sense, not if you are a GCSE examining body!

Legal & General, just wondering how this works? #pension #saver #savers #prudence #savings

August 7, 2013 Leave a comment

no wonder the younger generation don't bother saving!

no wonder the younger generation don’t bother saving!

Despite announcing a profit after tax up 15% to £464m yesterday, I was shocked to receive my pension statement this morning showing the following.

According to my statement my fund value has increased by 17% over the past 6 months. Not bad at all to be honest. So why has my projected pension  actually decreased in value?

Something not right here surely?

Common sense, don’t save, just spend spend spend!

The benefits of cycling #TFL #London #hypocrisy #twotierbritain #fairness


bikeTfL Figures Show Bikes Are 25% Of London Rush Hour Traffic | Londonist.

On the face of it these figures look very encouraging. After all, where else in the world can you use the roads under the influence of alcohol, drive up one way streets the wrong way, drive through red traffic lights and best of all, no tax, no insurance, no laws.

Hardly surprising that there is so much ‘congestion’ in London with cars and buses trudging behind the cycling revolution. Lucky that motorists are paying all the taxes to keep the roads in good order then.

Common sense, get on your bike! #free #lawless #society