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Why Dont They Just Change The System?
7 Answers
Continually we hear bleating because someone has, quite legally, not paid some tax.
Paying tax is not a moral issue, you pay what you have to. If the Politicians don't like it why don't they simplify the system thus removing loopholes?
When companies or people avoid paying tax they dont legally need to pay it is because of politicians (of all colours) shortcomings. Why dont they look more to home for the cause and stop blaming the symptom?
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Paying tax is not a moral issue, you pay what you have to. If the Politicians don't like it why don't they simplify the system thus removing loopholes?
When companies or people avoid paying tax they dont legally need to pay it is because of politicians (of all colours) shortcomings. Why dont they look more to home for the cause and stop blaming the symptom?
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I think that you will find that they do but the companies always find a way round whatever regulation is in place. This is not a party-political point, as it has been going on for many years.
When a major, multinational company like Amazon or Starbucks say that they aren't making a profit, despite huge sales, and therefore don't need to pay tax, its difficult to know what the Tax authorities can do. Myself, I think these companies should be charged the Tax anyway and let them sue HMG in the Courts !
When a major, multinational company like Amazon or Starbucks say that they aren't making a profit, despite huge sales, and therefore don't need to pay tax, its difficult to know what the Tax authorities can do. Myself, I think these companies should be charged the Tax anyway and let them sue HMG in the Courts !
I am not making it a political point, hence the 'all colors' comment.
All successive Governments have done is further complicate the system. Adding and tweaking inevitably leads to a system that is like a sieve.
What I am suggesting is a complete overhaul. Simplify it to such a degree there are no loopholes. along with this tax rates can be reduced (as more are putting into the pot - and less tax inspectors and building and computers etc) making it not pay to employ expensive accountants to get yo out of it.
Win win for all.
All successive Governments have done is further complicate the system. Adding and tweaking inevitably leads to a system that is like a sieve.
What I am suggesting is a complete overhaul. Simplify it to such a degree there are no loopholes. along with this tax rates can be reduced (as more are putting into the pot - and less tax inspectors and building and computers etc) making it not pay to employ expensive accountants to get yo out of it.
Win win for all.
I think you'll find the answer here:
http://
"The so-called big four accountancy firms are using knowledge gained from staff seconded to the Treasury to help wealthy clients avoid paying UK taxes, according to a report by the Commons public accounts committee.
Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers have provided the government with expert accountants to draw up tax laws. But the firms went on to advise multinationals and individuals on how to exploit loopholes in legislation they helped to write, the committee found."
http://
"The so-called big four accountancy firms are using knowledge gained from staff seconded to the Treasury to help wealthy clients avoid paying UK taxes, according to a report by the Commons public accounts committee.
Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers have provided the government with expert accountants to draw up tax laws. But the firms went on to advise multinationals and individuals on how to exploit loopholes in legislation they helped to write, the committee found."
It's basically not possible to close every loophole -- and indeed the simpler the taz system, the more ways round it there are. Tax avoiding and tax evasion are always going to be a problem as long as money for its own sake is more important than what is done with it.
I'm fairly sure the government wants as much money as it cna get its hands on. The fact that, despite that, there's still a serious problem with tax evasion and avoidance shows how hard it is to tka emoney away from other people who also want it.
I'm fairly sure the government wants as much money as it cna get its hands on. The fact that, despite that, there's still a serious problem with tax evasion and avoidance shows how hard it is to tka emoney away from other people who also want it.
i have absolutely no problem with any and all individuals and companies avoiding taxes.
The fault lies fairly and squarely with the rules, which are too complicated not to have loopholes which are exploited perfectly legally.
If i could avoid paying any tax at all, i would - with no compunction at all - knowing that the amount i could avoid would be directly proportional to the amount i could afford to pay an advisor to avoid paying.
Therefore - as i cannot afford any adice - avoidance - nil.
If I became worth nine figures, i would soon find someone who could avoid tax for me, and i would spread that saved money around charities of my choice.
The fault lies fairly and squarely with the rules, which are too complicated not to have loopholes which are exploited perfectly legally.
If i could avoid paying any tax at all, i would - with no compunction at all - knowing that the amount i could avoid would be directly proportional to the amount i could afford to pay an advisor to avoid paying.
Therefore - as i cannot afford any adice - avoidance - nil.
If I became worth nine figures, i would soon find someone who could avoid tax for me, and i would spread that saved money around charities of my choice.
Exactly Andy.
Quite why politicians have added a “moral” dimension to the payment of tax baffles me. Individuals and companies have a duty to minimise their tax bill. If only governments would adopt a similar duty to minimise the amount they spend we’d all be better off.
The issue of Corporation Tax avoidance is simple to solve. It should be applied to turnover and not profit. Then there would be no incentive to ship profits offshore and every incentive to maximise profits.
Quite why politicians have added a “moral” dimension to the payment of tax baffles me. Individuals and companies have a duty to minimise their tax bill. If only governments would adopt a similar duty to minimise the amount they spend we’d all be better off.
The issue of Corporation Tax avoidance is simple to solve. It should be applied to turnover and not profit. Then there would be no incentive to ship profits offshore and every incentive to maximise profits.
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