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Leicester East

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Terryfenwickatemyhamster
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« Reply #20 on: November 16, 2021, 11:26:45 am »

For an employee through PAYE they would pay £33k tax. I don’t see why it should be any different for a company?
Question for you … do you think Amazons 1.9 billion increase in sales resulting in a 4 million extra tax paid in UK last year is down to people breaking laws or clever accountants?
Funny enough - genuine coincidence this - just got off the phone to my small company owning brother in law. His accountant is persuading him to buy his 5th property to put to rental as his company (not related to property) is still making too much profit. I’ll ring him back immediately and tell him Melly says he and his accountant are breaking the law!

Challenge the law. Not those who use it to their advantage. I would... In fact I have. No regrets at all.
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Melbourne Cobbler
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« Reply #21 on: November 16, 2021, 14:12:41 pm »

For an employee through PAYE they would pay £33k tax. I don’t see why it should be any different for a company?
Question for you … do you think Amazons 1.9 billion increase in sales resulting in a 4 million extra tax paid in UK last year is down to people breaking laws or clever accountants?
Funny enough - genuine coincidence this - just got off the phone to my small company owning brother in law. His accountant is persuading him to buy his 5th property to put to rental as his company (not related to property) is still making too much profit. I’ll ring him back immediately and tell him Melly says he and his accountant are breaking the law!
As a business owner in the quoted circumstances the total tax liability when taking the profit would be around £56,000, so you are way off. Can’t comment on Amazon as it is not a UK based company and its global set up is out of reach for virtually all. Also can’t comment on your brother in law, I don’t either make or apply the law. But his liability as a higher rate tax payer when taking any profit would be the same as ours.
« Last Edit: November 16, 2021, 16:29:53 pm by Melbourne Cobbler » Report Spam   Logged

Not a real supporter but unelected chair of the Northampton Town Honorary Supporters Club. (Please note: any opinions given may not necessarily be shared by proper supporters. In incidents of conflict the views of real supporters shall take precedence).
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« Reply #22 on: November 17, 2021, 10:11:46 am »

There’s a difference between personal tax and the likes of the social media scum that blatantly dodge paying tax locally.
FWIW I fully support taxing the tech companies correctly, even the hapless Biden recognises it.
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« Reply #23 on: November 17, 2021, 19:18:38 pm »

As a great Conservative once said …
“The best argument against democracy is a five-minute conversation with the average voter.” ― Winston S. Churchill
I thought Churchill was just a disaffected Liberal who gassed the Kurds?
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