Attention: Please take a moment to consider our terms and conditions before posting.

100 celebrities named in 'tax dodge'.

clive
clive Posts: 19,560
in General Charlton
At least 7 names linked with Charlton.

https://www.thesun.co.uk/news/3711659/sun-investigation-super-rich-tax-relief-scheme/


«13

Comments

  • ricky_otto
    ricky_otto Posts: 22,600
    clive said:

    At least 7 names linked with Charlton.

    https://www.thesun.co.uk/news/3711659/sun-investigation-super-rich-tax-relief-scheme/


    Hayden Mullins is on the list - hope you incuded him.
  • The Red Robin
    The Red Robin Posts: 26,161
    Scott Parker, Marcus Bent and Danny Murphy in there. Shock
  • Macronate
    Macronate Posts: 12,914
    'Ant and Dec'

    Do they count as one celebrity?
  • clive
    clive Posts: 19,560
    ricky_otto said:

    clive said:

    At least 7 names linked with Charlton.

    https://www.thesun.co.uk/news/3711659/sun-investigation-super-rich-tax-relief-scheme/


    Hayden Mullins is on the list - hope you incuded him.
    No, nor Simon Charlton.
  • i_b_b_o_r_g
    i_b_b_o_r_g Posts: 18,948
    What about errr.........corporation tax
  • Valiantphil
    Valiantphil Posts: 6,413
    "The celebs named were not doing anything illegal"

    Government creates a tax-efficiency scheme to help the film industry and wealthy individuals sign-up to it.

    Move along....nothing to see here.
  • cabbles
    cabbles Posts: 15,264
    Gotta love the scum. Happy to run a story about tax evasion/avoidance, yet disgusted with Corbyn for trying equal out the playing field with a rise in corporation tax......
  • Bedsaddick
    Bedsaddick Posts: 24,797
    Wouldn't believe a single thing that scummy paper says and I certainly would click on a link and give them a hit.
  • Daddy_Pig
    Daddy_Pig Posts: 496
    Thought it was well known Danny Murphy was I on these film things
  • golfaddick
    golfaddick Posts: 33,780
    non-story. UK citizens trying to pay less tax. Just like an ISA. Nothing different.

    Only problem in this particular case is that Ingenious (avertedly or in-avertedly) tried a trick too far. As the article says, all the rest of their schemes (and there have been a few) have all been ok.

  • Sponsored links:



  • blackpool72
    blackpool72 Posts: 23,735
    There are lots of schemes like this that the rich and famous use in order to avoid paying taxes and they are legal.
    For me there lies the problem, close all the loopholes that make them legal therefore making them illegal and make the buggers pay their tax.
    They won't do it though it's much easier to go after single parents etc.
  • sm
    sm Posts: 2,960
    All of those found guilty should be automatically excluded from having contracts with publically owned entities (including the BBC) for at least 10 years. They have tried to rip off the general public so why should we enrich them further.
  • Uboat
    Uboat Posts: 12,208
    Nice to know that Gareth Gates earned enough to get involved in tax avoidance. Good for him.
  • i_b_b_o_r_g
    i_b_b_o_r_g Posts: 18,948
    Uboat said:

    Nice to know that Gareth Gates earned enough to get involved in tax avoidance. Good for him.

    Ger gggg Ger dodgy fucker
  • killerandflash
    killerandflash Posts: 70,011
    blackpool72 said:

    There are lots of schemes like this that the rich and famous use in order to avoid paying taxes and they are legal.
    For me there lies the problem, close all the loopholes that make them legal therefore making them illegal and make the buggers pay their tax.
    They won't do it though it's much easier to go after single parents etc.

    The authorities do go after them, hence this scheme and others being closed down.

    Rich people though can afford good tax experts to find a new loophole to exploit, thus it's an ongoing battle.
  • Talal
    Talal Posts: 11,517
    Just shocked Joey Barton is on there
  • blackpool72
    blackpool72 Posts: 23,735
    killerandflash said:

    blackpool72 said:

    There are lots of schemes like this that the rich and famous use in order to avoid paying taxes and they are legal.
    For me there lies the problem, close all the loopholes that make them legal therefore making them illegal and make the buggers pay their tax.
    They won't do it though it's much easier to go after single parents etc.

    The authorities do go after them, hence this scheme and others being closed down.

    Rich people though can afford good tax experts to find a new loophole to exploit, thus it's an ongoing battle.
    I don't believe they go after them enough.
    How many people who use these schemes are doners to the Tory party, quite a few I would think.
    But Labour also share the blame for not closing the loopholes.
    Blair after all won three elections.
    Corrupt bastads the lot of em.
  • MuttleyCAFC
    MuttleyCAFC Posts: 47,778
    edited June 2017
    Yes I totally agree, but Blair's Labour and Corbyn's Labour are not the same. The corrupt establishment don't want us to vote for Corbyn.
  • newyorkaddick
    newyorkaddick Posts: 3,053
    edited June 2017
    If you look at the accounts of the entity and the incredible amounts that were borrowed against their investment, to suggest it was remotely similar to an ISA or other tax scheme (eg EIS) is highly disingenuous - if it looks and quacks like a duck (or tax dodge in this case) then it probably is.
  • cafcdave123
    cafcdave123 Posts: 11,491
    If we are going to post links to the Sun can we at least do it properly,

    https://www.thesun.co.uk/tvandshowbiz/3704431/with-amanda-holden-showing-off-her-golden-buzzers-on-bgt-can-you-match-these-nipples-to-their-famous-owners/

  • Sponsored links:



  • MrOneLung
    MrOneLung Posts: 26,920
    Ingenious have many such funds and variants. It is just one scheme that has been ruled against. The government set the rules up, and they have just interpreted them.

    A similar non U.K. Scheme led to Michael Hutchence make most of his money as he invested as a tax write off in a film called crocodile Dundee and made more from that than his musical career
  • newyorkaddick
    newyorkaddick Posts: 3,053
    The issue here is that the entity was created with the express purpose of evading tax, not invest in films which happened to bring with them a tax incentive.

    The amounts they will end up owing will be multiples of the tax they saved due to the leverage - suspect many will go bust.
  • soapy_jones
    soapy_jones Posts: 21,402
    Hang the rich bastards OR have Diane sit on em! Grrrr...
  • blackpool72
    blackpool72 Posts: 23,735
    newyorkaddick said:

    The issue here is that the entity was created with the express purpose of evading tax, not invest in films which happened to bring with them a tax incentive.

    The amounts they will end up owing will be multiples of the tax they saved due to the leverage - suspect many will go bust.

    Good
  • newyorkaddick
    newyorkaddick Posts: 3,053
    Curious why The Sun is publishing the story now - the list of participants has been in the public domain for years.
  • MrOneLung
    MrOneLung Posts: 26,920
    The ruling was this week.
  • redman
    redman Posts: 5,296
    blackpool72 said:

    There are lots of schemes like this that the rich and famous use in order to avoid paying taxes and they are legal.
    For me there lies the problem, close all the loopholes that make them legal therefore making them illegal and make the buggers pay their tax.
    They won't do it though it's much easier to go after single parents etc.

    Unless I am very much mistaken the "film scheme incentives" and tax breaks were brought in by Tony Blair and a Labour government. There were many proper schemes set up and some dodgy ones. This would appear to be a dodgy one and HMRC have challenged it and won. So HMRC are doing the right thing here. Single parents have nothing to do with the issue and is an emotive irrelevance.
  • golfaddick
    golfaddick Posts: 33,780
    newyorkaddick said:

    If you look at the accounts of the entity and the incredible amounts that were borrowed against their investment, to suggest it was remotely similar to an ISA or other tax scheme (eg EIS) is highly disingenuous - if it looks and quacks like a duck (or tax dodge in this case) then it probably is.

    I thought it was an EIS Scheme.

    I cant see what the problem is. These schemes are all legal & have pre-approval by HMRC. I believe the one is question just went a bit too far & why HMRC challenged it. The investors are doing nothing illegal & it was the investment firm (Ingenious) who were at fault.

    There isn't anyone on here who wouldn't do the same in their position. Most of us are not in the position to have a few million spare, but if you had a spare £50k & put it in an ISA or a Pension so that you didn't have to pay tax on the interest does that make you a tax dodger ?
  • killerandflash
    killerandflash Posts: 70,011
    As for the individuals, I assume they were advised to invest in this scheme by their accountants/advisers, and probably paid no attention to the detail of it





  • newyorkaddick
    newyorkaddick Posts: 3,053
    golfaddick said:

    newyorkaddick said:

    If you look at the accounts of the entity and the incredible amounts that were borrowed against their investment, to suggest it was remotely similar to an ISA or other tax scheme (eg EIS) is highly disingenuous - if it looks and quacks like a duck (or tax dodge in this case) then it probably is.

    I thought it was an EIS Scheme.

    I cant see what the problem is. These schemes are all legal & have pre-approval by HMRC. I believe the one is question just went a bit too far & why HMRC challenged it. The investors are doing nothing illegal & it was the investment firm (Ingenious) who were at fault.

    There isn't anyone on here who wouldn't do the same in their position. Most of us are not in the position to have a few million spare, but if you had a spare £50k & put it in an ISA or a Pension so that you didn't have to pay tax on the interest does that make you a tax dodger ?
    It had as much in common with an EIS scheme as Johnnie Jackson has with Usain Bolt.

    You should dig out the accounts - it is frightening the risks they took.

Categories

“Marketplace”