Why Nostr? What is Njump?
2025-06-08 07:46:02
in reply to

Peter Henry on Nostr: nprofile1q…s60lz HM special office has always gone after high profile #tax avoiders ...

HM special office has always gone after high profile #tax avoiders -"crowd pleasing moves" with mixed results - North Sea oil dive contractors, Hatton Garden 'cash in hand' diamond market, Apple records etc. They even parked an agent at St Helier Jersey airport to log the buckets of dosh.

However, you can't beat the maths; the tax system is so complex the fat tail of the avoidance bell curve far outweigh the middle. Individuals failing to admit to capital gains etc. - too expensive to recover but sufficiently numerous to make a huge impact.

It's time to simplify and remove the frankly stupid. TBF they have started -Inheritance Tax, R&D allowance but squeezing pensions and trying to hide tax hikes (like employer NI) just stores up problems.

The resources need to go into planning - how do replace car fuel revenue etc. rather than funding compliance tax inspectors. It doesn't take a genius to track the likes of Ecclestone but the "evaders" are the dishonest UK lumpen mass!

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