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Post by bancroft on Sept 10, 2024 9:21:44 GMT
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Post by Baron von Lotsov on Sept 10, 2024 10:01:17 GMT
That's what you get if you run a group like the IRA, as per special privileges. EU bigwigs have seen what it looks like when the Irish don't get their way. I suppose it was one of the perks allowed. I mean Ireland has some tax laws that means you can completely dispose of certain tax liabilities. en.wikipedia.org/wiki/Dutch_Sandwich
Edit
Weird, I just realised something.
Did the bastards create their own tax haven?
They called it the Northern Ireland troubles, but given what we know now, it looked more like US exploiting us, hence more accurately US troubles.
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Post by bancroft on Sept 10, 2024 10:10:04 GMT
Had not heard of a Dutch sandwich before though it makes sense.
Will be interesting to see if this punctures the US multi-nats model that have set up in Dublin.
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Post by johnofgwent on Sept 10, 2024 17:36:53 GMT
That's what you get if you run a group like the IRA, as per special privileges. EU bigwigs have seen what it looks like when the Irish don't get their way. I suppose it was one of the perks allowed. I mean Ireland has some tax laws that means you can completely dispose of certain tax liabilities. en.wikipedia.org/wiki/Dutch_Sandwich
Edit
Weird, I just realised something.
Did the bastards create their own tax haven?
They called it the Northern Ireland troubles, but given what we know now, it looked more like US exploiting us, hence more accurately US troubles.
All I know is that Blair and Brown went all out to fuck the small guy Within weeks, I was getting emails and letters addressed to me as Director of my company, using the details held at companies house, sent on behalf of the Irish prime minister, telling me that I was facing 42% taxation if I stayed in England and Wales but I could enjoy 10% corporation tax and far more beneficial personal tax by opening a bricks and mortar office in the irish republic and transferring my accounting operations and company banking facilities to the republic Within six months Oracle, Microsoft, IBM and a dozen software companies I had accounts with had moved to Ireland. Software updates, Action packs and releases came to me from the southern counties of the republic. Boeing moved their avionics development to Shamrock glen. And within a year Ireland was in the grip of unbelieveable housing cost inflation.
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Post by Baron von Lotsov on Sept 10, 2024 21:38:11 GMT
That's what you get if you run a group like the IRA, as per special privileges. EU bigwigs have seen what it looks like when the Irish don't get their way. I suppose it was one of the perks allowed. I mean Ireland has some tax laws that means you can completely dispose of certain tax liabilities. en.wikipedia.org/wiki/Dutch_Sandwich
Edit
Weird, I just realised something.
Did the bastards create their own tax haven?
They called it the Northern Ireland troubles, but given what we know now, it looked more like US exploiting us, hence more accurately US troubles.
All I know is that Blair and Brown went all out to fuck the small guy Within weeks, I was getting emails and letters addressed to me as Director of my company, using the details held at companies house, sent on behalf of the Irish prime minister, telling me that I was facing 42% taxation if I stayed in England and Wales but I could enjoy 10% corporation tax and far more beneficial personal tax by opening a bricks and mortar office in the irish republic and transferring my accounting operations and company banking facilities to the republic Within six months Oracle, Microsoft, IBM and a dozen software companies I had accounts with had moved to Ireland. Software updates, Action packs and releases came to me from the southern counties of the republic. Boeing moved their avionics development to Shamrock glen. And within a year Ireland was in the grip of unbelieveable housing cost inflation. That's the shit thing. These tax avoidance schemes favour the large firms because they can get so complicated that the costs of setting it all up would outweigh the benefits. There's the old trust fund trick as well. The trust owns your house and just lets you live in it rent free. The trust itself not being subject to any tax and few laws. Apparently these trusts were originally created for the Knights Templar.
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Post by johnofgwent on Sept 10, 2024 22:04:33 GMT
All I know is that Blair and Brown went all out to fuck the small guy Within weeks, I was getting emails and letters addressed to me as Director of my company, using the details held at companies house, sent on behalf of the Irish prime minister, telling me that I was facing 42% taxation if I stayed in England and Wales but I could enjoy 10% corporation tax and far more beneficial personal tax by opening a bricks and mortar office in the irish republic and transferring my accounting operations and company banking facilities to the republic Within six months Oracle, Microsoft, IBM and a dozen software companies I had accounts with had moved to Ireland. Software updates, Action packs and releases came to me from the southern counties of the republic. Boeing moved their avionics development to Shamrock glen. And within a year Ireland was in the grip of unbelieveable housing cost inflation. That's the shit thing. These tax avoidance schemes favour the large firms because they can get so complicated that the costs of setting it all up would outweigh the benefits. There's the old trust fund trick as well. The trust owns your house and just lets you live in it rent free. The trust itself not being subject to any tax and few laws. Apparently these trusts were originally created for the Knights Templar. Yeah. The original mailing was quite specific and in many ways quite ingenious The UK government were screwing the little guy The Federation of Small Business were at the time running a campaign for "The Right To Be Self Employed". It's a long story but basically unlike an employee, or an MD of a company, a self employed sole trader or partner has no legal status that decrees them to be in business on their own account. The Revenue can rock up at their leisure declare them and employee of their client and slap a tax demand for unpaid PAYE plus penalties plus fines on said client This is the same crap Brown authorised with IR35. The Irish saw through this and promised anyone thinking of trading as a close company or as a some trader the right to do so and substantially reduce their tax liability I chose not to, but many of my colleagues took up the offer Of course, when it got rolling a lot of big guys joined the party, but they were not the original target
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Post by Baron von Lotsov on Sept 10, 2024 22:57:57 GMT
That's the shit thing. These tax avoidance schemes favour the large firms because they can get so complicated that the costs of setting it all up would outweigh the benefits. There's the old trust fund trick as well. The trust owns your house and just lets you live in it rent free. The trust itself not being subject to any tax and few laws. Apparently these trusts were originally created for the Knights Templar. Yeah. The original mailing was quite specific and in many ways quite ingenious The UK government were screwing the little guy The Federation of Small Business were at the time running a campaign for "The Right To Be Self Employed". It's a long story but basically unlike an employee, or an MD of a company, a self employed sole trader or partner has no legal status that decrees them to be in business on their own account. The Revenue can rock up at their leisure declare them and employee of their client and slap a tax demand for unpaid PAYE plus penalties plus fines on said client This is the same crap Brown authorised with IR35. The Irish saw through this and promised anyone thinking of trading as a close company or as a some trader the right to do so and substantially reduce their tax liability I chose not to, but many of my colleagues took up the offer Of course, when it got rolling a lot of big guys joined the party, but they were not the original target Do you remember Baroness Mone, the PPE rip-off bitch? Well her husband set up some sort of scheme to save thousands of people tax by suggesting they run their business in Ireland but not actually live there. He made a ton of money out of it as a kind of tax avoidance agent, but HMRC seems to want the money owned on PAYE. It's one of those grey areas where one day it is OK and then for some reason the wind blows the other way and you're screwed.
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Post by johnofgwent on Sept 11, 2024 10:10:28 GMT
Yeah. The original mailing was quite specific and in many ways quite ingenious The UK government were screwing the little guy The Federation of Small Business were at the time running a campaign for "The Right To Be Self Employed". It's a long story but basically unlike an employee, or an MD of a company, a self employed sole trader or partner has no legal status that decrees them to be in business on their own account. The Revenue can rock up at their leisure declare them and employee of their client and slap a tax demand for unpaid PAYE plus penalties plus fines on said client This is the same crap Brown authorised with IR35. The Irish saw through this and promised anyone thinking of trading as a close company or as a some trader the right to do so and substantially reduce their tax liability I chose not to, but many of my colleagues took up the offer Of course, when it got rolling a lot of big guys joined the party, but they were not the original target Do you remember Baroness Mone, the PPE rip-off bitch? Well her husband set up some sort of scheme to save thousands of people tax by suggesting they run their business in Ireland but not actually live there. He made a ton of money out of it as a kind of tax avoidance agent, but HMRC seems to want the money owned on PAYE. It's one of those grey areas where one day it is OK and then for some reason the wind blows the other way and you're screwed. Yeah, the Irish treasury were very insistent that their 10% scheme was only available to a business with a bricks and mortar presence in the republic. I'm not convinced you had to move yourself there. At the time, I had a sort of deal with fifteen of my fellow freelancers from my defence industry days. The stuff we worked on was done by our former employer who had long since gone bust. Marconi asset stripped the wreckage and tried to get the Navy to use them for maintenance. The Navy said 'actually, we have the contact details of all the original developers as part of the vetting process' and after a few approaches we cottoned on, went to Naval Procurement and said 'if You like we'll rent an office and put someone in it, when you want anything done call us and we'll give you a price' and for years we split the 'sit by the phone' job between the wives of ten of us on a half day a week basis, using one of our clients to keep our clearance sponsorship for us in exchange for a discount on our rate if they needed something done We WERE going to move the operation to Ireland and pay a fee each to the wife of one of our number when they took a full time job with Boeing near Shannon I believe it was, but Blair destroyed our ability to use our client to maintain our security status for us, hoping we'd then sell ourselves to his pals running the software houses, but we chose for the most part to dump government work and go out to the wider commercial market. I made a fair bit out of banking and insurance particularly when brown changed his mind on what to tax every ten minutes. Several older than me retired early, sold up and pissed off.
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Post by Baron von Lotsov on Sept 11, 2024 10:31:51 GMT
Do you remember Baroness Mone, the PPE rip-off bitch? Well her husband set up some sort of scheme to save thousands of people tax by suggesting they run their business in Ireland but not actually live there. He made a ton of money out of it as a kind of tax avoidance agent, but HMRC seems to want the money owned on PAYE. It's one of those grey areas where one day it is OK and then for some reason the wind blows the other way and you're screwed. Yeah, the Irish treasury were very insistent that their 10% scheme was only available to a business with a bricks and mortar presence in the republic. I'm not convinced you had to move yourself there. At the time, I had a sort of deal with fifteen of my fellow freelancers from my defence industry days. The stuff we worked on was done by our former employer who had long since gone bust. Marconi asset stripped the wreckage and tried to get the Navy to use them for maintenance. The Navy said 'actually, we have the contact details of all the original developers as part of the vetting process' and after a few approaches we cottoned on, went to Naval Procurement and said 'if You like we'll rent an office and put someone in it, when you want anything done call us and we'll give you a price' and for years we split the 'sit by the phone' job between the wives of ten of us on a half day a week basis, using one of our clients to keep our clearance sponsorship for us in exchange for a discount on our rate if they needed something done We WERE going to move the operation to Ireland and pay a fee each to the wife of one of our number when they took a full time job with Boeing near Shannon I believe it was, but Blair destroyed our ability to use our client to maintain our security status for us, hoping we'd then sell ourselves to his pals running the software houses, but we chose for the most part to dump government work and go out to the wider commercial market. I made a fair bit out of banking and insurance particularly when brown changed his mind on what to tax every ten minutes. Several older than me retired early, sold up and pissed off. The thing is the grass is not necessarily greener on the other side. Living in a foreign country puts you at a disadvantage in many ways. The main one is as an immigrant you will be treated as a second class citizen and be given the menial jobs. If you get caught up with the law, the foreign coppers know you don't know shit about their system of law, so can easily screw you. The French were famous for this, but really it is widespread. My brother could tell you a thing or two about what it is like being an ex-pat in Malta. There the government are in with the Mafia. Being a retiree and not having to worry about work and commerce makes things easier, but still , you can find there is one price for locals and a much higher price for those from not around here. A holiday paradise can in reality be a den of thieves.
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Post by johnofgwent on Sept 11, 2024 13:20:50 GMT
Yeah, the Irish treasury were very insistent that their 10% scheme was only available to a business with a bricks and mortar presence in the republic. I'm not convinced you had to move yourself there. At the time, I had a sort of deal with fifteen of my fellow freelancers from my defence industry days. The stuff we worked on was done by our former employer who had long since gone bust. Marconi asset stripped the wreckage and tried to get the Navy to use them for maintenance. The Navy said 'actually, we have the contact details of all the original developers as part of the vetting process' and after a few approaches we cottoned on, went to Naval Procurement and said 'if You like we'll rent an office and put someone in it, when you want anything done call us and we'll give you a price' and for years we split the 'sit by the phone' job between the wives of ten of us on a half day a week basis, using one of our clients to keep our clearance sponsorship for us in exchange for a discount on our rate if they needed something done We WERE going to move the operation to Ireland and pay a fee each to the wife of one of our number when they took a full time job with Boeing near Shannon I believe it was, but Blair destroyed our ability to use our client to maintain our security status for us, hoping we'd then sell ourselves to his pals running the software houses, but we chose for the most part to dump government work and go out to the wider commercial market. I made a fair bit out of banking and insurance particularly when brown changed his mind on what to tax every ten minutes. Several older than me retired early, sold up and pissed off. The thing is the grass is not necessarily greener on the other side. Living in a foreign country puts you at a disadvantage in many ways. The main one is as an immigrant you will be treated as a second class citizen and be given the menial jobs. If you get caught up with the law, the foreign coppers know you don't know shit about their system of law, so can easily screw you. The French were famous for this, but really it is widespread. My brother could tell you a thing or two about what it is like being an ex-pat in Malta. There the government are in with the Mafia. Being a retiree and not having to worry about work and commerce makes things easier, but still , you can find there is one price for locals and a much higher price for those from not around here. A holiday paradise can in reality be a den of thieves. The other side of the coin of course being it can be worthwhile, even fun. As I've said I wasn't there for very long, six months in fact, but I was in France working for France Telecom, off the back of the INMARSAT job, and I enjoyed it. I never saw any problems but I went there already able to hold my own in French, and improved in that regard quite quickly. I think the standard was set on day one when I got thrown a stack of papers to go through, and while I was filling them in, proceeded to swear under my breath exclusively in French. Largely thanks to the vocabulary I picked up from a bunch of French army blokes I was working alongside for a while on Salisbury Plain. I think I was supposed to panic like hell when handed this lot and found there was no translation. That's how France did things back then, can't say if it still does. Not sure what they expected, probably weren't expecting me to just fill them in. But it certainly made it look like I came there prepared to 'become' French 😁😁 I know the French taxman was severely pissed off when I used an option to pay the UK taxman instead and claim dual taxation relief to tell the french to go screw themselves..I think my co workers at FT were SLIGHTLY jealous I swung that, assuming i'd done it to save money. The reality is it cost me somewhere around fifty quid MORE but alliw d me to tell the French taxman to go fuck themselves which was priceless. My uncle and his fellow Merchant Navy officers who between them bought a villa in Spain in order to stay out of Maggie Thatchers tax claws all spoke Spanish because a lot of the crew on the ships did. I've experienced the three price tags system in Egypt. There's one price for Egyptians, one price for non Egyptians working there and another way higher for tourists. I remember at a bar I was handed a bill and paid it, but about a minute later the greasy git came running with a huge wad of Egyptian money. The little sod had charged me the tourist rate but I was over there as a dive master helping out a friend of a friend and should have got the 'workers' rate. He could have gone out of business very quickly if we'd put it about he pulled that stunt deliberately....
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Post by Baron von Lotsov on Sept 11, 2024 14:44:11 GMT
The thing is the grass is not necessarily greener on the other side. Living in a foreign country puts you at a disadvantage in many ways. The main one is as an immigrant you will be treated as a second class citizen and be given the menial jobs. If you get caught up with the law, the foreign coppers know you don't know shit about their system of law, so can easily screw you. The French were famous for this, but really it is widespread. My brother could tell you a thing or two about what it is like being an ex-pat in Malta. There the government are in with the Mafia. Being a retiree and not having to worry about work and commerce makes things easier, but still , you can find there is one price for locals and a much higher price for those from not around here. A holiday paradise can in reality be a den of thieves. The other side of the coin of course being it can be worthwhile, even fun. As I've said I wasn't there for very long, six months in fact, but I was in France working for France Telecom, off the back of the INMARSAT job, and I enjoyed it. I never saw any problems but I went there already able to hold my own in French, and improved in that regard quite quickly. I think the standard was set on day one when I got thrown a stack of papers to go through, and while I was filling them in, proceeded to swear under my breath exclusively in French. Largely thanks to the vocabulary I picked up from a bunch of French army blokes I was working alongside for a while on Salisbury Plain. I think I was supposed to panic like hell when handed this lot and found there was no translation. That's how France did things back then, can't say if it still does. Not sure what they expected, probably weren't expecting me to just fill them in. But it certainly made it look like I came there prepared to 'become' French 😁😁 I know the French taxman was severely pissed off when I used an option to pay the UK taxman instead and claim dual taxation relief to tell the french to go screw themselves..I think my co workers at FT were SLIGHTLY jealous I swung that, assuming i'd done it to save money. The reality is it cost me somewhere around fifty quid MORE but alliw d me to tell the French taxman to go fuck themselves which was priceless. My uncle and his fellow Merchant Navy officers who between them bought a villa in Spain in order to stay out of Maggie Thatchers tax claws all spoke Spanish because a lot of the crew on the ships did. I've experienced the three price tags system in Egypt. There's one price for Egyptians, one price for non Egyptians working there and another way higher for tourists. I remember at a bar I was handed a bill and paid it, but about a minute later the greasy git came running with a huge wad of Egyptian money. The little sod had charged me the tourist rate but I was over there as a dive master helping out a friend of a friend and should have got the 'workers' rate. He could have gone out of business very quickly if we'd put it about he pulled that stunt deliberately.... Yes I'd say for 6m it is good for a laugh. I lived in Malta one summer and that was a laugh, but I could see there was no way I'd want to live there permanently. I recall the food hygiene was a particular concern. You really do get the feeling they are all taking the piss in one way or another. Sure the Brits do it to foreign tourists as well, but I'd rather not always have to be on my guard. Where I live I don't get any stress because the suppliers I use are reliable and no one is trying to rip me off. I do get the feeling I'm part of a British community here. It's rare with all the multiculturalism crap we get but fortunately this area shuns it. Also I'm absolutely crap at foreign languages. Everyone has something or other they are hopeless at, and that is mine.
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