Some interesting facts highlighted here....

Tax Havens hit back

"He cited the case in the UK where wealthy individuals with "non-dom" status can pay a one-off levy of £30,000 a year to avoid being taxed on their income."

Very nice!

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Now they need to revamp the tax laws asap!

£1,000,000,000 Tax dodge by Water companies

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Some interesting facts highlighted here....

Tax Havens hit back

"He cited the case in the UK where wealthy individuals with "non-dom" status can pay a one-off levy of £30,000 a year to avoid being taxed on their income."

Very nice!

You likely won't find much criticism of the "nom-dom" tax dodge in the Daily Fail. It is probably purely coincidental that the owner (Lord Rothermere) pays £30,000 a year in taxes ...

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I think you'll find it's a bit more complicated than that ...

Just seen this in the guardian Tax officials failed to collect £9.6bn in VAT in 2010-11, auditors find

Amount of VAT that HM Revenue and Customs failed to collect is equivalent to almost one third of the total estimated tax gap

Just seen this in the guardian Tax officials failed to collect £9.6bn in VAT in 2010-11, auditors find

Amount of VAT that HM Revenue and Customs failed to collect is equivalent to almost one third of the total estimated tax gap

Doesn't sound like avoidance, sounds like fraud and evasion.

Imagine that, people pay cash and don't report it. Shocking. Just Shocking.

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Just seen this in the guardian Tax officials failed to collect £9.6bn in VAT in 2010-11, auditors find

Amount of VAT that HM Revenue and Customs failed to collect is equivalent to almost one third of the total estimated tax gap

Doesn't sound like avoidance, sounds like fraud and evasion.

Imagine that, people pay cash and don't report it. Shocking. Just Shocking.

And sole traders buying computers and all the peripherals on the company books and therefore not paying VAT on them. Then writing them off after a short time as they are not suitable for the next contract.

It is usual custom and practice to allow for depreciation of company assets in tax returns. Computers are normally written off after 3 years, as obsolete. They can then be sold off as scrap value. The fact that most sole traders take them home for basically free, and get more years out of them as personal kit is not considered worth making a fuss about.

These two computers were written off after about 4 months, because I found the problem and designed a fix almost immediately. Then after a second test period to confirm the fix, the clients said thank you, paid me in full for the 12 month contract and said goodbye.

It just won't go away.......

Vodafone's Irish Office collects £324 million a year with NO STAFF

"During a four-year period, it emerged these royalty payments helped Vodafone Ireland Marketing Ltd send more than £850million worth of dividends to the low-tax jurisdiction of Luxembourg from their Dublin base.

The dividends, which include a final payment of £121million due to be delivered this year, came from profits made after taking advantage of Ireland’s tax rates".

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Building an expensive net to catch some sprats.....

U.S.A's version of how to catch tax evaders

It seems that public servants are the same throughout the West, love their acronymns......

......had they stuck Treasury at the end it would have been FATCAT.

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