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Author Topic: Strange news: tax avoidance and offshore dealings  (Read 16450 times)


OfflinePottel

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Re: Strange news: tax avoidance and offshore dealings
« Reply #1 on: July 10, 2014, 10:50:27 AM »
just wanted to post this when i saw your post.
 not much on the knopf though...
any Knopfler, Floyd or Dylan will do....

OfflinePottel

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Re: Strange news: tax avoidance and offshore dealings
« Reply #2 on: July 10, 2014, 10:51:34 AM »
Mark Knopfler, Dire Straits guitarist

Jersey trust for his ex-wife Lourdes, a US citizen who has been living in London, and their two sons. His accountants said: "All relevant details concerning the trust have been made in tax returns to the authorities both in the UK and the USA."
any Knopfler, Floyd or Dylan will do....

Offlinedmg

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Re: Strange news: tax avoidance and offshore dealings
« Reply #3 on: July 10, 2014, 11:44:27 AM »
The government in the UK are becoming seriously ludicrous in their austerity measures.  Incidents like this have already been reported in the past but it is a well known loophole in the law exploited by their accountants and quite rightly so.  It's actually the fault of the government and not the celebrities - they should close the aforementioned loophole!  Why should anyone pay more tax than they need to!
 
« Last Edit: July 10, 2014, 11:47:02 AM by dmg »
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Offlinetwm

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Re: Strange news: tax avoidance and offshore dealings
« Reply #4 on: July 10, 2014, 06:33:37 PM »
I'm not sure quite how the question of "austerity" crept in here. Tax avoidance schemes were in existence long before this country's present financial difficulties.

I agree that no one should pay more tax than they are required to do but the rich can afford to employ financial advisers who seek out the gaps in any one country's tax laws and the differences between the arrangements in different tax jurisdictions and exploit those gaps.  Those advisors can be quite creative but, sometimes, create what I would regard as artificial arrangements to avoid their clients paying tax. For example, to the best of my knowledge, neither MK nor his former wife has any genuine connection with Jersey, which has a tax regime that encourages such arrangements. While I am as cynical about politicians as the next person (possibly more so than most), most governments are playing "catch-up" all the time, while other governments set out to establish financial structures deliberately to attract the money of the rich.

The average person cannot afford to employ these financial advisers. What is irritating is that certain of the rich who do use these somewhat artificial schemes are the very people who express concern about the downtrodden working man and woman, seemingly oblivious to the fact that the less well off pay more tax because the rich pay less than their share.

Such tax-avoidance schemes may or may not be well-known and may or may not be above board but there is a moral dimension to everything in life.

foma

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Re: Strange news: tax avoidance and offshore dealings
« Reply #5 on: July 10, 2014, 07:02:24 PM »
Let's hope Mark will write a song about this situation just as well :D
« Last Edit: July 10, 2014, 07:10:25 PM by foma »

OfflineBanjo99uk

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Re: Strange news: tax avoidance and offshore dealings
« Reply #6 on: July 10, 2014, 08:29:59 PM »
I wonder how MK's Socialist/communist supporting late Father would feel about these tax avoidance schemes. I wish I was rich enough to join one.

LoveExpresso

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Re: Strange news: tax avoidance and offshore dealings
« Reply #7 on: July 10, 2014, 08:37:30 PM »
Thank god we all know that MK does not care for money the slightest...  ::)

LE

Offlinedmg

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Re: Strange news: tax avoidance and offshore dealings
« Reply #8 on: July 10, 2014, 08:52:52 PM »
I'm not sure quite how the question of "austerity" crept in here. Tax avoidance schemes were in existence long before this country's present financial difficulties.

I mentioned austerity because it seems the government are now applying pressure on HMRC to seek out such high profile instances of tax avoidance in order to make the ordinary man wake up and ensure they are paying what they should.  :)
« Last Edit: July 12, 2014, 12:24:05 PM by dmg »
"I'm playing all the right notes, but not necessarily in the right order."

Offlinedmg

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Re: Strange news: tax avoidance and offshore dealings
« Reply #9 on: July 10, 2014, 08:56:02 PM »
Thank god we all know that MK does not care for money the slightest...  ::)

LE

Hmm...I remember reading an article back in DS days about him being angry about the huge bill at his dentist, so he walked into the surgery to pay for it with small change!  :lol
"I'm playing all the right notes, but not necessarily in the right order."

Offlineingridswing

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Re: Strange news: tax avoidance and offshore dealings
« Reply #10 on: July 11, 2014, 10:36:42 AM »
Tax avoidance is a natural human behaviour. My job is to make sure people pay as less tax as possible within the laws. Both UK and Netherlands (and other countries) have loopholes. If you only have a job, a house and a small saving account there's no legal loophole. But if you have more than that, especially when you have some business overseas as well, there are possibilities.

U2 actually is a dutch company ;-) All legal taxconstructions. Governments shouldn't cry about that but solve the problems or bear it like a man.

OfflineSilvertown

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Re: Strange news: tax avoidance and offshore dealings
« Reply #11 on: July 11, 2014, 10:38:42 AM »
My job is to make sure people pay as less tax as possible within the laws.

Good to know! :)

Offlinejbaent

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Re: Strange news: tax avoidance and offshore dealings
« Reply #12 on: July 11, 2014, 08:10:04 PM »
I wish that my musical hero would pay the taxes that he has to pay, not of my bussiness anyway, but rich people that uses tricks to save money, when they earn LOTS of money, its not something I look to with good eyes, if I have to pay 300 euros in taxes of my 1200 euros salary that means a lot of money to me, that rich people try to save thousands per month that means that they won
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Offlinedustyvalentino

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Re: Strange news: tax avoidance and offshore dealings
« Reply #13 on: July 11, 2014, 08:53:42 PM »
MK has payed millions in UK tax over the years.

The real villain here is Phil Collins who buggered off to Switzerland with all his money. ;)
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Offlinejbaent

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Re: Strange news: tax avoidance and offshore dealings
« Reply #14 on: July 11, 2014, 09:44:10 PM »
MK has payed millions in UK tax over the years.

The real villain here is Phil Collins who buggered off to Switzerland with all his money. ;)

I dont mean he didnt, i was talking more about the rich people in general, and about Mk in particular by this news. Over the years, and every year, is the same thing?
You might get lucky, now and then

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