@richardjmurphy says something true shocker!

\"Richard

@RichardJMurphy Richard Murphy

Brown\’s 0% small co. corporation tax was an avoidance nightmare –

Yes, yes, it was wasn\’t it?

What with Norfolk based accountants setting up limited companies which took the £10,000 tax free profits as dividends, paid themselves minimal salaries as directors so as to gain NI benefits but pay only a minimal amount for them.

Those who actually wanted to pay for the vital services we all receive from government would not have done this. They would have paid the money out as income to the directors, thus incurring both employers\’ and employees\’ national insurance.

But then there are those that talk the talk and those that walk the walk.

There are even those that repent of earlier error. True repentance involving a cheque sent to The Accountant, HM Treasury, 1 Horse Guards Road, London SW1A 2HQ, I would have thought.

3 comments on “@richardjmurphy says something true shocker!

  1. He has occasionally claimed in the past that the Revenue don’t accept donations.

    In which case the proper people for him to send his cheque to are the Commissioners for the Reduction of the National Debt, Eastcheap Court, 11 Philpot Lane, London EC3M 8UD .

    They have a Donations and Bequests Account, set up under the National Debt Act 1823. Money donated to it will be used to buy – and cancel – the highest yielding government bonds in issue, thus reducing the government’s liabilities and interest payments.

    See here:
    http://www.dmo.gov.uk/index.aspx?page=CRND/CRND_Portfolio/Donations

    It’s still going – “even today a few public-spirited people give or bequeath money – or, sometimes, more tangible assets such as property – to CRND to help reduce the National Debt.”

  2. Do you think such behaviour was inspired by a series of articles in the Observer by a certain retired accountant?

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