politicalbetting.com » Blog Archive » Marf on tax planning
politicalbetting.com » Blog Archive » Marf on tax planning
politicalbetting.com is proudly powered by WordPress
with "Neat!" theme. Entries (RSS) and Comments (RSS).
0
This discussion has been closed.
Comments
Can't see a cartoon.
Very postmodern, marf.
Some numpty forget to stick the cartoon in.
Should be fixed now.
Modelling the Lib Dems expected performance is a very hard task.
BBC Bias Is Destroying Serious Debate On Immigration Says New Report - Breitbart http://bit.ly/16XM3dv via @BreitbartNews
I guess "Scotland" is the caveat he will apply...
If Con + SNP adds up to a majority he can claim a vindication of sorts
Lord A might well be proven right but given the national polling would be daft not to take out some cover on the Lib Dems getting the dockside hooker treatment.
'Ed Miliband repeats Lotd Fink tax claims outside parliament"
May I suggest that the firms name, as shown on the window should be Dodgy, Dodgy & Co, Not Dodgy & Dodgy & Co
Unless of course Messrs Dodgy merged with Messrs Dodgy & Co.
However Ed has definitely won this round. He has managed to smear the Tories with a brush that his party are equally guilty off, but nobody is talking about. Job done. Everybody is talking about Fink, not Lord Paul or John Mills (which could easily be the case).
http://mobile.nytimes.com/2015/02/15/magazine/how-one-stupid-tweet-ruined-justine-saccos-life.html?referrer=&_r=0
He may have won the skirmish, but opened an entirely new front that may not be terribly well defended...
- UKIP moving down consistently since end of October - only gradually but very steady direction of travel
- Greens have turned down in the last 15 day period - for the first time after constant growth since end of August
- LDs generally more flat but if anything still edging lower
Conclusion: Things are starting to move back towards Con and Lab (collectively).
https://docs.google.com/spreadsheets/d/1v1-aXNoGwZSLOIWziLoqq9rbN3MHg6qezWKbjsAkunw/edit?pli=1#gid=1268197642
This may awaken the sleeping policy area that is IHT though. Cameron muttered something about doing something on this front in time for the election but been silence since. No doubt an announcement (£1m ?) was being lined up for the actual campaign.
Ken thought he'd won against Boris over tax too.
I find the "tax avoidance" issue an incredible one to bring up, such a huge risk of blow-back. Did not MPs "flip" their homes to avoid capital gains tax? There are so many ways this can go wrong for Labour.
But perhaps the smears about the Tories are their best hope, so they don't care?
A decade or so ago before Customs merged with the Inland Revenue I was closing down a limited company of which I was a director. The IR wrote back to me with a sheaf of paperwork which resulted in them collecting £17.60 from me in outstanding tax, at who knows what expense to process it. Customs wrote to me and told me that if I owed them less than the VAT on £5000 they were not interested as it would be uneconomical to process it and I should return it to the shareholders. One approach strikes me as rather more sensible than the other.
Ed's dad was extremely left-wing, extremely bright and presumably capable of writing whatever will he wanted to. He might well have wanted the tax paid on his estate.
Are you being deliberately stupid or just selective?
http://www.spectator.co.uk/features/9438172/ed-milibands-biggest-critics-dont-hate-him-for-how-hes-failed-they-hate-him-for-how-hes-succeeded/
https://twitter.com/Sunil_P2/status/564397207026425856
And also the monthly "super-ELBOW" graph since August:
https://twitter.com/Sunil_P2/status/564030761100402689
A normal account would be....well, normal. A numbered account would be rather more interesting.
It may be hypocritical, but most people draw a very clear distinction between ISA's, booze cruises, Deeds of Family Arrangement, etc. and the more complicated forms of tax planning.
With all this talk of tax avoidance. Are we into the realms of an irregular verb?
I tax plan efficiently.
You avoid tax
He/she is evil and depriving the NHS of kidney machines for not paying their fare share.
Either they've got better ammunition in reserve or they felt they needed to do something drastic having been perceived to have had a pretty poor start to the campaign.
Tax evasion - criminal. Done by criminals. All agree on that. No sympathy from anyone.
Tax avoidance - on the face of it, legal. However, the politics of tax avoidance are more nuanced. Basically, wealthy people think tax avoidance is all part of the game. Pay what you are legally required, but make sure you claim every possible allowance. Which is an entirely legitimate position, supported by the rule of law. Poorer people however - who are merely external spectators in this game - may find this morally repugnant. So they readily equate tax avoidance with tax evasion. "It's just the rich looking after themselves...."
(Although, if they suddenly got a large windfall, you can be sure they would soon change their tune and be claiming all the allowances they could!)
Miliband is playing on this dichotomy. Which is a bit, er, rich, given he has played the Inheritance Tax game in a way which would fall foul of those same tax spectators view of things. Which is where he is at some risk in this whole grubby affair.
But the Coalition have made going on this a bigger prize for Labour. Basically, those who don't pay tax see tax paid by others as something there for them to use. So by taking millions of the lowest paid out of tax altogether, the coalition has perhaps increased those who see avoidance = evasion....
But hopefully we here are people who see through this avoidance = evasion loose talk.
We like your posts. Well I do, anyway. You are by no means the first on hre to confuse evasion and avoidance. Watcher did exactly the same on the previous thread.
The mistake has been acknowledged. Not sure an apology was necessary, but that's cool anyway.
Post on.
Changing the terms of a will after someone's death would sound very fishy to your average Joe, regardless of it's legality.
Even though a graph would show them behind, it's very good news for them if they come within a couple of percent in England.
Personally I think Ed was entitled to ask what he did, but there was a perfectly straight forward answer available to Cameron - something along the lines of 'Lord Fink arranges his affairs to minimise his taxes in accordance with the law, and as long as a person stays within the law his tax affairs are nobody's business but his - as your Father I am sure would have taught you.'
End of?
Tax avoidance is legal, but tax evasion is a different gether altothing.
By the look of him just as he asked the question to Dave, he was very wary of that mistake.
Personally I thought Brown's 10% starting tax rate was a much more sensible idea albeit not generous enough with its top threshold. A bottom rate of tax of say 10%, or even 5% running from the first pound earned up to say £15,000 would be much more sensible in terms of making voters care about what was being done with their money.
It was just a bit of banter.
That'll be a quid.
Didn't Nick Robinson say:
Calm down Twitter. I did not quote anyone re Ed M & Milly Dowler. Said his aides saw this as moment like that ie to stand up to powerful
Cameron objectively has alienated his right wing, half or more of UKIP are the socially conservative/patriotic/golfclub/retired colonel traditional Conservative voters. He thought he could move to the centre (as Blair did) and they would have no where else do go (as the Labour left at the time didn't) but he didn't allow for UKIP. I am very doubtful he has picked up much in the middle, because social liberals largely dont like austerity and can get their social liberalism with less (or at least more cuddly) austerity from EdM.
Nick Robinson's blog:
"The Labour leader's aides say that he sees this as another Milly Dowler moment"
Nick Robinson's clarification:
Calm down Twitter. I did not quote anyone re Ed M & Milly Dowler. Said his aides saw this as moment like that ie to stand up to powerful
This appears to be a misunderstanding. No-one in Labour used the phrase ‘Milly Dowler moment’.
Now the Daily Mail is running with:
"Ed Miliband believes his row over 'dodgy' Tory donors avoiding tax is a 'Millie Dowler moment' where he can stand up for the public against the rich and powerful, his aides have revealed."
I agree with you on Cameron and UKIP, though to be fair I'm not sure what other way Cameron should have acted given the information he had in 2010. With such a flaccid result in the perfect conditions for an election, and with no sign of UKIP being any risk, what other than reaching for the centre could he really aim for?
Said it before, they just don't have anybody who is able to articulate an attack clearly and concisely and do so without any fear of sounding like a big loud mouth gobs##te. They are very good at getting their attack stories planted in friendly newspapers, but getting on BBC / Sky and ripping the opposition a new one, utter s##t. Whenever they do send people out they get bogged down in either complex explanations, don't repeat the attack line enough or even just too nice.
If the boot had been on the other foot, Bad Al would have ripped the Tories a new one over Stafford, Rotherham, etc....You would not have been able to turn your tv on without some loud mouth Labour MP screaming about Tory failures over these things, all summed up with a concise attack line that they repeat 1000 times.. Think how they did it over phone hacking.
Instead Cameron actually ends up kinda of apologizing for the establishment more often than not.
So that's OK then...
All seems a bit like Ed claiming to have repeated his words today, without actually having said the words again
This gave them each a 20 per cent stake in the four-storey house in Edis Street, reducing the inheritance tax eventually payable on the estate."
http://www.telegraph.co.uk/news/politics/ed-miliband/8039829/Red-Ed-Miliband-lives-in-1.6m-house-after-shrewd-property-moves.html
Ed Miliband chose to fight publicly a Tory donor over alleged tax evasion in the middle of a big tax evasion scandal, and won!
It might make an effect on the left (SNP, GRN wise), but it surely will make an impression in the media world who until now they have branded him a loser.
The Tories are damaged.
A good day all round for Ed.
Apart from that, good post.