troymo

Dude_CFA Wrote:
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> This is all bollix so far. The tax loopholes are
> the ones that companies and wealthy families use.
> Creating a trust in an offshore location to pay 0%
> tax is the big one. I'm looking at you
> Caymans/BVI/Liechtenstein/Monaco and so on and so
> on and so on.
>
> Case in hand: Philip Green owner of Top Shop in
> the UK and other retail outlets. Net worth ￡4bn
>
> Lives in London. Owner of his companies: his wife.
> Wife lives in Monaco and pays ￡0 British tax. Get
> it now?
>
> There was a great article on the Rausing family,
> creators of the tetrapak (what your milk comes out
> of). They set up a charity as the recipient of
> their companies income - the charity pays 0% on
> income. The beneficiaries of the charity?
> Billionaires Guy & Hans Rausing (a bit more
> complex than this but this is effectively it).
>
> And companies set up their head office in Caymans
> etc. It is a copper plate on a door. For which
> they pay... you guessed it... 0% tax.
>
> Is that making the point clearer?


Those are true loopholes. Excellent work.