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Leading Tory minister exposed as 'tax dodging' Buy-to-Let investor
Turnbull2000
Posts: 7,588 Forum Member
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http://www.theguardian.com/politics/2014/apr/18/treasury-minister-andrea-leadsom-tax-arrangements
http://www.independent.co.uk/news/uk/politics/revealed-how-city-minister-andrea-leadsom-used-controversial-trusts-to-reduce-her-potential-inheritancetax-bill-9268469.html
She's also a minister who playing a key role in the property price boosting Help to Buy scheme. Nothing surprises me any more.
http://www.independent.co.uk/news/uk/politics/revealed-how-city-minister-andrea-leadsom-used-controversial-trusts-to-reduce-her-potential-inheritancetax-bill-9268469.html
She's also a minister who playing a key role in the property price boosting Help to Buy scheme. Nothing surprises me any more.
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Comments
"The moves are legal ..."
Case closed.
Not when this is the sort of behaviour the government and politicians have been actively rallying against.
So were Maria Miller's expenses claims.
Its all legal - the question is whether its moral to undertake tax avoidance measures. Particularly when you are a Treasury minister making tax rules.
Should our young people be ever more priced out of buying homes - just so MPs (one third of whom are buy to let landlords - including Osborne and Cameron - many of whose properties were bought using taxpayers funds) can make a mint on the housing market.
Surely Cameron as a Christian would understand morality - vs legality!:D
Actually no they were not
So why hasn't Maria Miller been arrested then - if she broke the law?
Or is that just for the poor who overclaim a few extra quid in benefits?
So who is in the wrong
1. Someone who uses perfectly legal schemes, or
2. The people who legislate the schemes into existence but then wage war against people who use them ?
Good question. In my book all MPs caught with more money than they should have had should have a case prepared and go to court.
I have said that before if you want to search to check
So that's alright then.
Correct.
If you don't like the law change it, don't harass people for doing something perfectly legal
Very good. I am much amused by the lack of morality. If the law told you it was legal to murder, would you?
You are scraping the bottom of the barrel now.
You can not go around saying laws you don't like are immoral just to satisfy your political motivation.
To equate buy to let schemes with murder is ridiculous and I hope you know that.
Lets see how moral you are, The government taxes the earnings of prostitution. These taxes go to pay for government services like benefits and the NHS, Do you refrain from taking benefits or using the NHS on moral grounds because they are financed by taxes on immoral earnings ?
These things are only legal because the ones that mainly benefit are the same buggers that set the rules that make it legal.
All buy to let investors hold property in a company. I'd they have more than a couple. Otherwise it is not possible to employ someone.
...... and it was ever thus regardless of what party was in power, so your point is ?
Setting up a company should be illegal?
When you say the rules mainly benefit those who set them.... There are 6m companies in the UK.
It does look bad though particularly in a few weeks after George Osbourne attacked people who did not pay their fair share of tax.
When a company is set up with the express aim of avoiding tax and not to provide employemt as such it looks dodgy.
Well, the obvious point would be both parties are the servants of the Capitalist system, and serve and protect the interests of Big Business.
If you say so comrade ....................
It is the normal way buy to let's are structured.
It doesn't look good in the sense that it provides an attack vector. But it's still nothing.
Create a law that makes it illegal to avoid breaking a tax law?... Tricky! (impossible actually)
So it becomes entirely a moral matter, that people in positions of power need to set an example in.
The BBC comes to mind here, also ministers. Especially a treasury minister!
So what two-faced hypocrits we have in government at the moment. Preach morality and God but completely fail to apply it to their own behaviour.
I do say so!
What is being done here is downright wrong and needs addressing.