All Britons should do their best to pay the minimum tax possible, Reform UK’s deputy leader has argued as he dismissed a newspaper investigation over his own tax affairs as a smear.
The more we fight about how much we must pay the lower is the peak of the Laffer Curve. Therefore, the less they can tax off us.
Of course, it’s possible to believe that politics only taxes sa much sa is necessary. But only an idiot would believe that. Politics taxes as much as it can – so, using the law to reduce payments means they can tax less. Less of life runs through the lanyard class, a good thing.
One of HMRC’s little known obligations is to make sure citizens pay the right amo8unt of tax. Of course, it never works that way. When I was working it was quite common for my little old lady clients to be charged a few hundred quid more than they owed. They never got it back until I reclaimed it.
When I mistakenly overpaid our business tax we got quite a nice bit of interest, more than the bank would have paid. I hope your little old ladies got the same treatment.
If it’s like it is in Canada, they will only pay interest from when you file the return, though if you underpay they will charge interest and penalties from the tax deadline – which may be more often than annual.
Posted before but…..”No man in the country is under the smallest obligation, moral or other, so to arrange his legal relations to his business or property as to enable the Inland Revenue to put the largest possible shovel in his stores. The Inland Revenue is not slow, and quite rightly, to take every advantage which is open to it under the Taxing Statutes for the purposes of depleting the taxpayer’s pocket. And the taxpayer is in like manner entitled to be astute to prevent, so far as he honestly can, the depletion of his means by the Inland Revenue”.
Lord Clyde – Ayrshire Pullman Motor Services v Inland Revenue [1929]
Beat me to it! 🙂
I would have upvoted you but apparently I’ve posted every single comment on the entire blog and thus can’t vote for any of them!
No Baron, because ’twas I who posted every comment.
I think we may be in danger of creating a singularity!
I thought I’d cracked the problem by using Opera instaed of Chrome, but now Opera has reverted to: “You cannot vote for your comment“
Or, if you want the American version:
“Anyone may arrange his affairs so that his taxes shall be as low as possible; he is not bound to choose that pattern which best pays the treasury. There is not even a patriotic duty to increase one’s taxes. Over and over again the Courts have said that there is nothing sinister in so arranging affairs as to keep taxes as low as possible. Everyone does it, rich and poor alike and all do right, for nobody owes any public duty to pay more than the law demands.” Judge Hand Helvering v Gregory 1934
I think in some inchoate way a lot of people have given up work because they don’t like seeing the money they hand over pissed away by the cunts in Whitehall and their local town hall.
Spud says that the Laffer Curve is a myth, so therefore he is right and you are wrong. https://www.youtube.com/watch?v=X3WtE1SPv-o
We have a moral obligation to avoid tax, because the British government will just use that money to import more Third World rapists:
The court heard that before moving to the UK the defendant had been diagnosed with what a fellow Afghan referred to as “sexual illness” and would “masturbate every hour”.
Talha Ahmadzai, of Haverfordwest, Pembrokeshire, had previously pleaded guilty to three counts of rape of a woman, rape of a boy under 13, attempted rape of a girl under 13, causing a child to watch a sexual act, and assault by beating when he appeared in the dock from a psychiatric hospital for sentencing. He has no previous convictions.
Paying taxes is just another outgoings. Any economic entity is incentivised to minimise ALL outgoings, regardless of what they are. Minimising taxes is just a subset of minimising stay-alive costs.
“All Britons should do their best to pay the minimum tax possible.”
Even if that means living in a dago country like Portugal.
Vicious racism. So very disappointing.
You’re new to this blog aren’t you. And you don’t get irony.
It’s like brassy but heavier.
And apparently you don’t get sarcasm.
Richard Tice is, of course, wrong. While people must pay at least the minimum tax possible, they are free to pay more is they choose. There is absolutely no obligation to minimise tax paid if that is not what you want to do. This may be from some form of generosity, or in many cases where the amount is very small, the effort is disproportionate to the benefit.