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    Tax avoidance rears it's ugly head again.

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    papa_umau
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    Tax avoidance rears it's ugly head again.

    Post by papa_umau on Wed 09 Jul 2014, 11:32 am

    George Michael, Sir Michael Caine, Alex Turner and more 'involved in tax avoidance scheme'

    They join a long list of other high profile celebrities who have reportedly been involved in tax avoidance schemes.

    George Michael and Sir Michael Caine have allegedly been sheltering their money in the Liberty tax strategy which generates large artificial losses offshore and allows them to avoid tax on other income.

    According to a secret database that was leaked to The Times newspapers, the 51-year-old singer and the Academy Award-winning actor as well as top businessmen, lawyers and NHS doctors have all sought to save money by using the scheme.

    Read more on this HERE




    The Mercury Tax Group and their Liberty Tax Strategy, based in Leeds, has signed up many rich Brits who do not want to pay their fair share of the tax due on their wealth, and this scheme, amongst others, allows them to do this, legally.

    Government after British government have promised to tighten up the rules that allows this to happen, but because doing so might upset some of their rich benefactors and friends they just go through the motions of changing these laws.

    Maybe the next Labour government will act here eh ?


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    zathrus
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    Re: Tax avoidance rears it's ugly head again.

    Post by zathrus on Thu 10 Jul 2014, 11:24 am

    Nothing new there Paps as these people have been quietly hiding their money from the tax-man for many years.
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    papa_umau
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    Re: Tax avoidance rears it's ugly head again.

    Post by papa_umau on Fri 11 Jul 2014, 12:00 pm

    Yes Zath' while that is true, I feel that this task is done far too easily for my liking.

    It is time that these loopholes in legislation that allows this to happen were closed once and for all.

    We certainly cannot depend on the Tories to do this as they are far too close to the people that are doing it.


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