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| Oh, and Cameron is a bell end.
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| Quote Barnabus="Barnabus":2qzyt9t0Sign of the times, mediocrity is seen as genius these days.'"
Quite like Kevin Bridges, but in the main I am old school and still think the likes of Tommy Cooper, Eric Morecombe, Bob Monkhouse (politics apart) deserved the 'genius' title.
I often watch comedy shows on telly and you often see a really funny one, but I tend top forget their names.
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| Quote Barnabus="Barnabus"Oh, and Cameron is a bell end.'"
Agreed, so is his mate Gideon and the likes of Gove are f'kin 'dangerous'
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| Quote rover49="rover49":6kw4rfizWhich current comedian(s) would you pay your money to go watch?
Not saying he's brilliant by the way, just that whenever a comedian is mentioned on here, there's a steady stream of posters afterwards saying how unfunny they are.'"
Fair. Carr isn't a genious by any means, but his shows aren't bad (the older ones) and his one liners are good.
Eddie Izzard's my all-time fave, Ross Noble & Stewart Lee up there too along with a couple of Americans who I can't recall the names of.
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| Quote Barnabus="Barnabus"
Eddie Izzard's my all-time fave, Ross Noble & Stewart Lee up there too along with a couple of Americans who I can't recall the names of.'"
The ones I was brought up on are mostly no longer here, the likes of Bill Hicks, Andy Kaufman and the old stager Jack Burns. I am not too familiar with current American comedians.
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| Quote Ferocious Aardvark="Ferocious Aardvark"The trouble with that is that everything done is perfectly legal. There is no law against setting up a service company. Tax laws on company income, profits etc are equally clear cut, as are the provisions regarding offshore taxation, non-doms tax position etc.
What I think HMRC don't do properly (and maybe this is the more specific legislation they need, I'm no expert) is catch what I'd call "associated operations". In the case of Jimmy Carr, how that would work is to look at the reality of the situation, which is that in truth, people are paying lots of money to watch Jimmy Carr, and Jimmy Carr is receiving that money as an income. If that much is clear (as in his case it seems to be) then all you need is HMRC to have the power to choose to tax him as if he was being paid it personally in cash, and choose not to tax it as it would if all the associated operations by which the cash arrives at the same place but via a circuitous route, were the correct taxable vehicle. These would instead be deemed associated operations and while not illegal, not effective for tax purposes.
However, I'd like to think that any such cases would start with the biggest fiddlers.'"
Well that is what I would do for anyone who sets up a company simply to avoid tax as opposed to trade. It's been common practice for years for self employed contractors to do as Carr has done. They are clearly being paid as individuals for their services and are just using the company to avoid tax.
I still think some sort of legislation about what is tax free as opposed to what isn't tax free would be far easier to police. ISA's and pension contributions tax free - fine. Pay yourself a pittance of a salary from your company and take income a different way thus paying less tax - tax it as income.
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| Quote DaveO="DaveO"Well that is what I would do for anyone who sets up a company simply to avoid tax as opposed to trade. It's been common practice for years for self employed contractors to do as Carr has done. They are clearly being paid as individuals for their services and are just using the company to avoid tax.
...'"
Not only that, but there have been several cases we've heard about (and thus dozens we haven't) where top earners eg council executives etc. have been allowed to "retire" on full pension and then carry on doing the same job as before, but as an outside consultant provided by the company now being paid by the Council to provide the service.
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| Quote DaveO="DaveO"
I still think some sort of legislation about what is tax free as opposed to what isn't tax free would be far easier to police. ISA's and pension contributions tax free - fine. Pay yourself a pittance of a salary from your company and take income a different way thus paying less tax - tax it as income.'"
The problem with any attempt to simplify the tax system is that there will always be losers when allowances and exemptions are removed, and not necessarily the rich. Usually these exemptions were introduced for a valid reason, but have been exploited.
"Pastygate" was a fairly good example of a tax change that initially had good intentions, was mainly targeted at the supermarkets, but went horribly wrong because it hit the good guys as well.
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| Quote Cibaman="Cibaman"The problem with any attempt to simplify the tax system is that there will always be losers when allowances and exemptions are removed, and not necessarily the rich. Usually these exemptions were introduced for a valid reason, but have been exploited.
"Pastygate" was a fairly good example of a tax change that initially had good intentions, was mainly targeted at the supermarkets, but went horribly wrong because it hit the good guys as well.'"
I didn't think it went wrong because it hit any good guys. It went wrong because it was a ludicrous tax you couldn't police. In that sense it does have a lot in common with the seeming inability to police the current income tax system.
One way to simplify things would be to have all income taxed at the same rate. Then it would close loopholes where the self employed can pay themselves a small salary and then use their company to pay them in such as way as the rate of tax paid is less than it would be if they took the cash as salary.
I am sure income tax system it is a ludicrously complex one and IMO the only way you are going to prevent wholesale tax avoidance is to simplify it radically.
Avoidance or evasion, the difference is moot in my opinion when legal schemes can result in the likes of Carr paying 1% in tax so something needs to be done.
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| May I suggest that anyone who takes the p1ss like this should be subject to a huge retrospective fine. Preferably equal to their income. That would teach them.
Also I would suggest we should be fining their financial advisors an equal amount. That would teach them too.
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| Quote billypop="billypop"May I suggest that anyone who takes the p1ss like this should be subject to a huge retrospective fine. Preferably equal to their income. That would teach them.
Also I would suggest we should be fining their financial advisors an equal amount. That would teach them too.'"
But what he did was, as it stands, legal.
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