Barclays were ordered to pay five hundred million pounds yesterday in back tax that they sought to avoid using 'dodgy' accountancy, which led to one M.P.describing the banking group as a 'tax avoidance factory'.
Sitting on a bench in a town square yesterday i saw an irate pensioner emerge from the local Barclays branch. He sat next to me and could hardly contain himself in telling me that he had a monthly standing order of £25.62 but was 62p short in his account. The bank duly paid the direct debit and charged him £7 for the privilige.
To quote him, he said, 'The game is not straaght is it ?' |
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remember banks are there not to provide a public service to you there are there to make money from you. Im all for nationalised bank to service people with standing orders for utilities etc and with a mandate not to make millions for themseves. |
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By (user no longer on site)
over a year ago
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Big business in all sectors allocate big resources in minimising their tax liability. Not just banks. The tax culture is to follow the letter of the law not the spirit of the law.
That's why I think the bigger story is that the Govt was willing to change the law and make it retrospective. Based on this precedent tax that is 'successfully' avoided today may be claimed retrospectively in the future by law changes.
Maybe that will go someway to changing the tax avoidance culture to respecting the spirit of the law. |
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"Big business in all sectors allocate big resources in minimising their tax liability. Not just banks. The tax culture is to follow the letter of the law not the spirit of the law.
That's why I think the bigger story is that the Govt was willing to change the law and make it retrospective. Based on this precedent tax that is 'successfully' avoided today may be claimed retrospectively in the future by law changes.
Maybe that will go someway to changing the tax avoidance culture to respecting the spirit of the law. "
Yes i agree........and it always amuses me that all of these obvious scams at the top end are all 'perfectly legal' |
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By (user no longer on site)
over a year ago
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There's so many things wrong with country! Like these people who the government are going to make work for the social! There on about going to protest in the companies who are going to take them on! FFS that's why polish people do so well in this country, it's because they do the jobs that lazy British dossers won't do! Guess what they do those jobs bloody well! Here's a new idea lets export all or dossers to Poland I'm sure they'd want to work then after a few day in that country! |
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By (user no longer on site)
over a year ago
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For all those people complaining about greedy banks making huge profits at customers' expense, there is a simple solution:
Stop bloody moaning and move your account to the Cooperative Bank or its online version Smile, or a mutual building society.
Otherwise STFU.  |
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By (user no longer on site)
over a year ago
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"There's so many things wrong with country! Like these people who the government are going to make work for the social! There on about going to protest in the companies who are going to take them on! FFS that's why polish people do so well in this country, it's because they do the jobs that lazy British dossers won't do! Guess what they do those jobs bloody well! Here's a new idea lets export all or dossers to Poland I'm sure they'd want to work then after a few day in that country!"
The scheme to get unemployed people working for nothing is shocking. It amounts to nothing short of slave labour yet the govt claim many thousands have secured a full time job through. Many more thousands haven't though and I'm absolutely positive that if the govt changed the rules and ordered that every person placed on this scheme had to be given full time employment after 3 months we'd see a lot more people returning to the job centre.
If these companies have work enough to give someone a job through this cheme then they should pay them the full rate for the work they are doing. It's not as if they've 'created' work in addition to the work already performed by existing full time employees, and more of a case that they are taking advantage of a govt incentive to get cheap labour whilst the jobless figures are massaged in a downwards direction.
A fair day's pay for a fair day's work. |
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By (user no longer on site)
over a year ago
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Hello Wishy,
if only it were that simple, but it's not.
The work experience is benefitial if the canditates make the most of it and the companys get some benefit, but it's not as if these are skilled or even experienced people so they don't really have much to offer an employer. This will, at least give them some experience to build on.
Jobs are not, as some oganisations claim, a right, prospective employees have to sell themselves. It's not an easy life and you get back what you put in.
Alec |
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By (user no longer on site)
over a year ago
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I disagree. If a company wishes to trade then it has to be able to absorb the running costs of remaining in business and one of those costs is staff salary. Many people suffered enormously over the years to ensure workers weren't exploited and as much as I vote Conservative, this scheme harks back to the bad old days of paying people a pittance whilst the corporations reap the benefits of their labour. A person may not have an automatic right to work, but when he does work he has an automatic right to be paid the going rate for what he does. |
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By *aucy3Couple
over a year ago
glasgow |
oh shit!!! how did that happen?
i totally agree with wishy,lol
the govt job scheme is paramount to slavery.
as for tax evasion by the banks,they cannot be trusted,to work within the spirit of the law.
so it's only right,any loopholes are closed.when it comes to tax,there should be no room for ambiguity.
now concerning the issue of polish workers,who come here and take on low paid jobs.
please remember,these jobs come with benefits ie family tax credits,family allowance,housing benefits,etc
i dont think polish people,would find these jobs quite as attractive,minus the benefits. |
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"oh shit!!! how did that happen?
i totally agree with wishy,lol
the govt job scheme is paramount to slavery.
as for tax evasion by the banks,they cannot be trusted,to work within the spirit of the law.
so it's only right,any loopholes are closed.when it comes to tax,there should be no room for ambiguity.
now concerning the issue of polish workers,who come here and take on low paid jobs.
please remember,these jobs come with benefits ie family tax credits,family allowance,housing benefits,etc
i dont think polish people,would find these jobs quite as attractive,minus the benefits."
Other nationalities, i stress nationalities, are available.
Just remind me, who was Chancellor for yonks' years before becoming Prime Minister?
Oh yeah. |
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By *aucy3Couple
over a year ago
glasgow |
"oh shit!!! how did that happen?
i totally agree with wishy,lol
the govt job scheme is paramount to slavery.
as for tax evasion by the banks,they cannot be trusted,to work within the spirit of the law.
so it's only right,any loopholes are closed.when it comes to tax,there should be no room for ambiguity.
now concerning the issue of polish workers,who come here and take on low paid jobs.
please remember,these jobs come with benefits ie family tax credits,family allowance,housing benefits,etc
i dont think polish people,would find these jobs quite as attractive,minus the benefits.
Other nationalities, i stress nationalities, are available.
Just remind me, who was Chancellor for yonks' years before becoming Prime Minister?
Oh yeah. "
lol
dont get in a tizzy mushy.
i only used polish workers,as an example,due to some one singing their praises in an earlier post.
ps you really must start reading all of the posts,prior to diving in tut tut tut.  |
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By (user no longer on site)
over a year ago
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Hello Wishy,
Any business employs as many staff as they require, governments excepted, to employ an excess is finacial stupidity.
Why shouldn't the young unemployed get a taste of work and gain some experience in the workplace? It certainly does them no harm and could, if they approach the chance with the right attitude improve their employment prospects.
There does seem to be rather a growing anti corporation feeling but much of this is due to slanted publicity in the media. E.g., British Gas made £500 million profit but they never quote the turnover, or what the profit margin is, which are the important figures.
Alec |
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By (user no longer on site)
over a year ago
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"There's so many things wrong with country! Like these people who the government are going to make work for the social! There on about going to protest in the companies who are going to take them on! FFS that's why polish people do so well in this country, it's because they do the jobs that lazy British dossers won't do! Guess what they do those jobs bloody well! Here's a new idea lets export all or dossers to Poland I'm sure they'd want to work then after a few day in that country!
The scheme to get unemployed people working for nothing is shocking. It amounts to nothing short of slave labour yet the govt claim many thousands have secured a full time job through. Many more thousands haven't though and I'm absolutely positive that if the govt changed the rules and ordered that every person placed on this scheme had to be given full time employment after 3 months we'd see a lot more people returning to the job centre.
If these companies have work enough to give someone a job through this cheme then they should pay them the full rate for the work they are doing. It's not as if they've 'created' work in addition to the work already performed by existing full time employees, and more of a case that they are taking advantage of a govt incentive to get cheap labour whilst the jobless figures are massaged in a downwards direction.
A fair day's pay for a fair day's work."
|
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By (user no longer on site)
over a year ago
|
"Barclays were ordered to pay five hundred million pounds yesterday in back tax that they sought to avoid using 'dodgy' accountancy, which led to one M.P.describing the banking group as a 'tax avoidance factory'.
Sitting on a bench in a town square yesterday i saw an irate pensioner emerge from the local Barclays branch. He sat next to me and could hardly contain himself in telling me that he had a monthly standing order of £25.62 but was 62p short in his account. The bank duly paid the direct debit and charged him £7 for the privilige.
To quote him, he said, 'The game is not straaght is it ?'"
Big business treat people like shit at times. Not right with petitioners at all. |
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By (user no longer on site)
over a year ago
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"Hello Wishy,
Any business employs as many staff as they require, governments excepted, to employ an excess is finacial stupidity.
Why shouldn't the young unemployed get a taste of work and gain some experience in the workplace? It certainly does them no harm and could, if they approach the chance with the right attitude improve their employment prospects.
There does seem to be rather a growing anti corporation feeling but much of this is due to slanted publicity in the media. E.g., British Gas made £500 million profit but they never quote the turnover, or what the profit margin is, which are the important figures.
Alec "
I understand the reasons you're putting forward in favour of getting the young unemployed some experience but it should not be for no financial reward for their efforts. A person doing a job gives value to the company for whom they are working in terms of productivity, the company gains by that productivity and if large corporations wish to give youngsters a chance to prove themselves before hiring them full time then they should do so on a level playing field, not with the govt standing behind them letting them get away with employing cheap labour at no cost to themselves whilst the taxpayer foots the bill. |
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By *eavenNhellCouple
over a year ago
carrbrook stalybridge |
"Hello Wishy,
Any business employs as many staff as they require, governments excepted, to employ an excess is finacial stupidity.
Why shouldn't the young unemployed get a taste of work and gain some experience in the workplace? It certainly does them no harm and could, if they approach the chance with the right attitude improve their employment prospects.
There does seem to be rather a growing anti corporation feeling but much of this is due to slanted publicity in the media. E.g., British Gas made £500 million profit but they never quote the turnover, or what the profit margin is, which are the important figures.
Alec
I understand the reasons you're putting forward in favour of getting the young unemployed some experience but it should not be for no financial reward for their efforts. A person doing a job gives value to the company for whom they are working in terms of productivity, the company gains by that productivity and if large corporations wish to give youngsters a chance to prove themselves before hiring them full time then they should do so on a level playing field, not with the govt standing behind them letting them get away with employing cheap labour at no cost to themselves whilst the taxpayer foots the bill. "
the cheap labour in our local Tesco are now taking away what little overtime the staff were getting .which is further lowering there take home pay so forcing them to claim tax credits to be able to manage . who pays for this you the,tax payer not Tesco who increase there profits !
nice little earner for them |
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By (user no longer on site)
over a year ago
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My point exactly. The only beneficiaries are the corporations but even they have abandoned ship since the scheme came under such intense criticism - they didn't abandon the scheme because they believed it was wrong, it was more to do with the fact that they didn't like the adverse publicity it was generating. That says a lot about corporate greed I think. |
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