Greed and the obscenely rich - how much is too much?

Well according to Omah’s post above:

His buildings will also have to pay council tax and as I’ve said previously every person he employs will be paying tax and NI for the benefit of this country and also on top of the wages he will be paying employer NI contributions.

Also every piece of equipment, etc that his business has purchased will be benefiting the tax system.

@wendeey , Amazon made over £23 billion last year in UK operations!!
According to you , he paid only less than half a billion
in UK taxation?? And you are grateful ?? :confounded::confounded:

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When Amazon first went public it had given shares to all its workers including the warehouse men .
Made them all millionaires .

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Yup… …

@Muddy What year was that then ?? :grin::grin:

1997 ……

You realise, of course, that figure is just 0.37% of company turnover … :roll_eyes:

Nothing wrong with earning lots of dosh, so long as you pay your correct taxes, and, if you are an employer, pay your staff a decent, ( not minimum) wage and a good pension…

I disagree with most of you. I’m afraid if you want them to pay more tax you will have to change the tax laws, that is what is at fault. From a business point of view every pound given to the taxman is a pound you cannot invest in your business, so to overtax is to see revenues eventually fall, and to overtax you will eventually end up killing the golden goose, and however much you hate the goose that isn’t a sensible thing to do. :wink:

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I used to work for the Insolvency Service and it seemed to me that many bankrupts had a business point of view that every pound declared to the taxman is a pound you cannot put in your pocket … :neutral_face:

Out of interest, do those who don’t seem to think that it’s not a problem that Amazon pays so little tax to the UK coffers also think that it’s OK for a UK national, who makes his/her money in the UK, to take this money and place it into tax havens?

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Personally I don’t care how much or little someone or a business pays in tax as long as it’s done legally, and tax avoidance is legal… Blame the system not the taxpayer…

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I blame the lawmakers who have a vested interest in not changing the law.

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What’s a tax haven…where they pay no tax?

Shame on them if they do that…greed, greed and more greed.

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Indeed:

It seems every candidate to succeed as the leader of Britain’s ‘party for business’ is a ‘self-made multi-millionaire’ with a crock of skeletons left over from their path to riches – particularly relating to the common trait of tax dodging.

Tax dodging, which one must hasten to explain refers to ‘avoidance’ rather than ‘evasion’, is one of the methods by which the financially advantaged become increasingly advantaged at the expense of the financially disadvantaged, who unlike them are not in a position to manage their own salaries, hire accountants and set up off-shore companies to avoid tax on their properties and other assets.

Having the opportunity to swap jurisdictions or claim ‘non-dom’ status is an added advantage for such wheeler dealers cum politicians. However, their mean and selfish credentials disqualify these would-be prime ministers from any convincing claim to being ‘in it with the rest of us’ just as much as Boris’s partying did during Covid.

Law makers ought not chase loopholes in their own laws to enrich themselves.

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Yup I read the bit of the article you pasted.

I blame globalisation and the internet … if you want to blame the rich for being rich.

In the old days we had stately families running local businesses, sharing some with the local community. Pocketing profits from the colonies perhaps, but all agreeable and full of respect.

Today it’s all so impersonal, the potential is a million times bigger, the arithmetic is mechanised.

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@wendeey , Don’t change the focus !!
Get the big hitters first !
We can’t change the law as Barry suggests , while ministers belong to
to banking families ??
Banking has become the cancer of British society followed by the
justice system !! :worried::worried::worried:

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Donkeyman sorry I can’t agree with you. As I’ve said on many occasions I appreciate all that businesses do for us. If they didn’t pay any tax at all it wouldn’t bother me.