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Official Formula 1 Thread (Part 8)
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natalian
05-07-2015
Originally Posted by Chief_Wiggum:
“Please don't try to prejudge my or my family's tax arrangements.

Regardless, it's all relative. The tax I pay is relative to what I earn. I'm happy to pay what the government dictates is the fair tax for me to pay on my earnings. Lewis Hamilton isn't, and therefore doesn't contribute to the British society (and therefore the British people) that he claims to love.”

Lewis Hamilton pays what the government dictates is the fair tax for him to pay on his earnings. It is just that you feel that the government doesn't dictate that he pays enough.
natalian
05-07-2015
Originally Posted by Fudd:
“So the race was yet again decided in the pits. Maybe one day it'll actually be decided on the track once again.”

Well, it seems that they can't pass each other on the track because they have to keep their distance from the car in front to protect their tyres....which is the result of all the stupid rules that have now been introduced into F1 to make it less competitive and boring to watch.
gomezz
05-07-2015
Why do DC and others call the the S-bends before the last corner Club? I thought Club was the last corner and the S-bends are Vale as is shown on most circuit guides.

Also on the ice-track feature with Bottas looks like they used the old circuit layout with Abbey turning left?
natalian
05-07-2015
Originally Posted by Chief_Wiggum:
“If he wants to do that, then fair enough, he is entitled to do that, but he shouldn't be saying he loves "winning on home soil" when he lives in Monaco. He should either move back to the UK and race for Britain, or stay in Monaco for tax reasons and race for Monaco.

He shouldn't be able to have his cake and eat it.”

He is domiciled for tax purposes in Britain so it is "home" soil.
natalian
05-07-2015
Originally Posted by Puterkid:
“On this basis, no-one would give to charity, or have any sense of social responsibility. Sad.

Anyway, good win for Hamilton on the whole.”

Giving to charity reduces your tax too. That is why the rich give so much to charities. It means that they can choose how their tax money is spent. They can choose to fund the local donkey sanctuary if that is their pet project and in doing so ensure that they pay no tax so that the rest of us have to fund schools and hospitals including making up for their lack of contribution.
NLoyall
05-07-2015
Doesn't Lewis spend something like 200 days a year travelling around to all the races so he is hardly living full time in the UK and using the services taxes pay for day in day out so to be honest it doesn't bother me in the slightest how much tax he pays. He is born British and that's all that matters imo.

Furthermore I am sure I read somewhere that the drivers have to pay tax in each country they race in or something like that.

I think its worse that there are people who live in the UK full time and do not pay tax at all but use the services our taxes pay for day in day out costing us more in the process.
Chief_Wiggum
05-07-2015
Yes, but Lewis Hamilton was raised here as a child, and went to a state school. The state helped to make him into the racing driver he is today, and so he should be giving money back to them relative to how much he earns. It's not as if he's going without!

Either that or he should race for Monaco instead.
natalian
05-07-2015
Originally Posted by NLoyall:
“Doesn't Lewis spend something like 200 days a year travelling around to all the races so he is hardly living full time in the UK and using the services taxes pay for day in day out so to be honest it doesn't bother me in the slightest how much tax he pays. He is born British and that's all that matters imo.

Furthermore I am sure I read somewhere that the drivers have to pay tax in each country they race in or something like that.

I think its worse that there are people who live in the UK full time and do not pay tax at all but use the services our taxes pay for day in day out costing us more in the process.”

That is certainly true in the UK and probably true of most countries on the F1 racing calendar apart from Bahrain and Monaco.

Even if he was tax resident in the UK, therefore, he would still not pay any UK tax on his overseas earnings from motor racing because he would be entitled to relief against his UK tax for the tax that he has already suffered overseas on those same earnings.
natalian
05-07-2015
Originally Posted by Chief_Wiggum:
“Yes, but Lewis Hamilton was raised here as a child, and went to a state school. The state helped to make him into the racing driver he is today, and so he should be giving money back to them relative to how much he earns. It's not as if he's going without!

Either that or he should race for Monaco instead.”

Isn't that what his parents taxes should have been paying for rather than hi? As Judge Rinder says - if you make em you pay for em.
Mythica
05-07-2015
Originally Posted by Chief_Wiggum:
“Please don't try to prejudge my or my family's tax arrangements.

Regardless, it's all relative. The tax I pay is relative to what I earn. I'm happy to pay what the government dictates is the fair tax for me to pay on my earnings. Lewis Hamilton isn't, and therefore doesn't contribute to the British society (and therefore the British people) that he claims to love.”

I'll do what I want to do thank you very much.

No it isn't relative. You said shame he doesn't pay tax to help the nation that got him to where he is. He presumably has, in the past and I'll repeat, much more than you and your family will ever pay into the system.
DanielF
05-07-2015
Originally Posted by natalian:
“He will pay tax in the UK on his earnings whilst driving in the British Grand Prix, just as tennis players will pay UK tax on their earnings from Wimbledon.”

Then there's the tax that his UK-based team will be paying. We haven't heard about them "doing an Amazon/Starbucks", plus all the VAT from the people he's put on the gate this year. It's totally unfair to say he has paid anything.

Then again, it's ridiculous to assert that you shouldn't call yourself British because you move away. I consider myself Salopian despite having moved 30 years ago - can't see any difference. You are what you are.
thorr
05-07-2015
Originally Posted by Chief_Wiggum:
“Yes, but Lewis Hamilton was raised here as a child, and went to a state school. The state helped to make him into the racing driver he is today, and so he should be giving money back to them relative to how much he earns. It's not as if he's going without!

Either that or he should race for Monaco instead.”

No! His dad, who took two jobs, helped to make him a racing driver. As did Ron Dennis. Last time I checked, the national curriculum didn't include how to drive an f1 car!
Justabloke
05-07-2015
Originally Posted by natalian:
“Well, it seems that they can't pass each other on the track because they have to keep their distance from the car in front to protect their tyres....which is the result of all the stupid rules that have now been introduced into F1 to make it less competitive and boring to watch.”

And yet I'm pretty sure I saw several overtakes....
Justabloke
05-07-2015
Originally Posted by Chief_Wiggum:
“Yes, but Lewis Hamilton was raised here as a child, and went to a state school. The state helped to make him into the racing driver he is today, and so he should be giving money back to them relative to how much he earns. It's not as if he's going without!

Either that or he should race for Monaco instead.”

Why don't you go and cry about it somewhere else because it has bugger all to do with racing
TheToonArmy
05-07-2015
Think Ali G has a comment...........
SarahJam
05-07-2015
Button lives in Monaco but yet the same questions are not asked of him. Does he pay uk taxes?
SarahJam
05-07-2015
Great race today, loved that it waff mixed up a bit with the Williams! Would have been great if they got on the podium. Shame it somehow reverted to the same podium we've seen all year!
n_a1
06-07-2015
Williams sould of released Bottas he was guaranteed at least 2nd, Rosberg didn't have the pace to catch him and Massa was all over the place, they could of used him to hold up Rosberg and let Bottas pull away.
dearmrman
06-07-2015
Originally Posted by Justabloke:
“Why don't you go and cry about it somewhere else because it has bugger all to do with racing”

Just like F1, it goes to show how awful F1 is as a spectacle, if paying or not paying taxes is more of a discussion.
idlewilde
06-07-2015
Originally Posted by Chief_Wiggum:
“If he wants to do that, then fair enough, he is entitled to do that, but he shouldn't be saying he loves "winning on home soil" when he lives in Monaco. He should either move back to the UK and race for Britain, or stay in Monaco for tax reasons and race for Monaco.

He shouldn't be able to have his cake and eat it.”

He doesn't race "for Britain" or "for Monaco" though, he races for Mercedes. He is still British, wherever he happens to reside. I don't blame him for wanting to be tax efficient, it isn't like he is using the services here, his job takes him all around the world.
Assa2
06-07-2015
This thread has seriously gone to the dogs. A great race, a home win, lots of excitement and lots of potentially interesting racing-related topics to discuss and yet people still find something puerile to moan about. Pathetic really.
jmclaugh
06-07-2015
I'm glad it rained, it spiced it up and Hamilton couldn't have timed his switch to inters better. Mercedes may decide their old clutch was better.

No idea why Hamilton is being criticised for living in Monaco, most GP drivers past and present, British or not, lives/lived there or Switzerland or some other low tax country.
Justabloke
06-07-2015
Originally Posted by dearmrman:
“Just like F1, it goes to show how awful F1 is as a spectacle, if paying or not paying taxes is more of a discussion.”

Then don't watch it... its not compulsory.
Justabloke
06-07-2015
Originally Posted by Assa2:
“This thread has seriously gone to the dogs. A great race, a home win, lots of excitement and lots of potentially interesting racing-related topics to discuss and yet people still find something puerile to moan about. Pathetic really.”

Its not often I agree with your views but on this I do.
gomezz
06-07-2015
Anyone got an answer for my Vale / Club question that got buried by other discussion?
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