National News Boris Johnson - Ousted Former PM

[werthersoriginal]

They cream it off on other ways too.

Set up a shell company in the Cayman Islands. Lend to one of your another companies (that runs care homes) in the uk at 18% interest and cream off all the profit before HMRC gets its hands on it.

How much less would the rise in taxation have to be of this was stopped?

https://twitter.com/x/status/1438404696146841601

Jesus! A good argument for raising care home wages, what a demanding job and this company can afford it

 

[QR]

Jesus! A good argument for raising care home wages, what a demanding job and this company can afford it

Yep. Thousands of folk are forced to sell their homes in order to pay over inflated fees that a lack of legislation allow to be moved out of the county to enrich the greedy few.

And many of those being ripped off are cheerleaders for the those knowingly5 allowing this.

This is what happens when they get too greedy.

Private equity firm made struggling care home operator take costly loan

Deal was designed to let Terra Firma extract £890m from Four Seasons Health Care, said to be in dire financial straits

www.theguardian.com

 

[Oslernorth]

I`ll take it.
Delivered what the people asked for.
Pretty much a landslide election victory.
Steered us through something nobody alive has dealt with.
We are coming out the other side.

It wasn`t that long ago there was a public & private pay "cap" and the nation was doing 3 days a week to save coal & energy!!

I disagree. No one voted for a Brexit deal that would destroy fishing and farming. They sold us out!

Compared to other countries, the pandemic response has been pretty poor. They got the vaccine purchases right but I do wonder how much luck was involved there?

So in your opinion, James Callaghan’s government had less talent than the current mob?

 

[Essexyellows]

They cream it off on other ways too.

Set up a shell company in the Cayman Islands. Lend to one of your another companies (that runs care homes) in the uk at 18% interest and cream off all the profit before HMRC gets its hands on it.

How much less would the rise in taxation have to be of this was stopped?

https://twitter.com/x/status/1438404696146841601

The problem is that those who write the rules invariably leave HMRC and take up heavily rewarded positions at accounting companies advising people how to be "tax efficient" to the -nth degree.

The rest of us just have ripped out of our salaries at source.

How to fix that? Beyond me I`m afraid.

Then factor in the new global world and the likes of Amazon et al.

The money is there it`s just getting that "fair share".

 

[QR]

The problem is that those who write the rules invariably leave HMRC and take up heavily rewarded positions at accounting companies advising people how to be "tax efficient" to the -nth degree.

The rest of us just have ripped out of our salaries at source.

How to fix that? Beyond me I`m afraid.

Then factor in the new global world and the likes of Amazon et al.

The money is there it`s just getting that "fair share".

If only this was as brain-drainingly complex as you make it out to be. It's a pretty blunt and easy to understand scam being carried out in plain sight and the government choose to turn a blind eye. No actually it worse than that. The government introduced a new regressive tax that allows the immortal flow of people's hard earned money to these shysters to continue.

 

[Essexyellows]

If only this was as brain-drainingly complex as you make it out to be. It's a pretty blunt and easy to understand scam being carried out in plain sight and the government choose to turn a blind eye. No actually it worse than that. The government introduced a new regressive tax the allows the immortal flow of people's hard earned money to these shysters to continue.

Is there legislation to stop it?
Is there tax evasion taking place?

If the answer to either or both is no then it`s legal buttercup.

Now work out how to stop it because people far, far cleverer than you or I have worked out how to do it perfectly legally.

Yes - morally reprehensible but you don`t get rich on morals.

Life lessons for free.

 

[Oxymoron]

They cream it off on other ways too.

There is also the trick where you buy a private care home, which owns it's premises, employs local staff and rewards them well, charges a reasonable amount, turns a respectable profit and pays taxes to the UK.

You sell the real estate to another company in your group and rent it back to the care home (sound familiar?) at above market rate.

Even after increasing the fees to cover the "rent" and engineering a change in working conditions that sees most staff leave to be replaced by minimum wage workers, the home no longer shows a profit in it's accounts......

 

[QR]

Is there legislation to stop it?
Is there tax evasion taking place?

If the answer to either or both is no then it`s legal buttercup.

Now work out how to stop it because people far, far cleverer than you or I have worked out how to do it perfectly legally.

Yes - morally reprehensible but you don`t get rich on morals.

Life lessons for free.

Simple, only allow interest at a market rates to be claimed as expenditure. And yes I know that two year money is currently cheaper than twenty year money etc, etc, etc so PWLB rates plus a margin could be used. Only allow rental/leasing charges at a market rate as signed off by a suitable qualified professional (with being struck off the penalty for any unjustifiable deviation from the guidelines as determined by the professional bodies discipline panel etc).

Basically there is a great deal more that could be done..... if there was a will.

 

[Essexyellows]

Simple, only allow interest at a market rates to be claimed as expenditure. And yes I know that two year money is currently cheaper than twenty year money etc, etc, etc so PWLB rates plus a margin could be used. Only allow rental/leasing charges at a market rate as signed off by a suitable qualified professional (with being struck off the penalty for any unjustifiable deviation from the guidelines as determined by the professional bodies discipline panel etc).

Basically there is a great deal more that could be done..... if there was a will.

And the folk who write the new @QR rules then b****r off to KPMG et al and advise wealthy folk how to avoid those minor inconveniences you have just put in place.

And so it has always been and always will be, because wealth brings influence and power, no matter who is sat in Number 10.

I`m all for equity in tax but plugging the loopholes is very Dutch Boy and dykes, another room in @RyanioBirdio `s sex dungeon.

 

[RyanioBirdio]

I`m all for equity in tax but plugging the loopholes is very Dutch Boy and dykes, another room in @RyanioBirdio `s sex dungeon.

I only wanted a pint of Scrumpy. Now I’m in a fairground style maze of ball gags and rubber fists.

 

[Marked Ox]

And the folk who write the new @QR rules then b****r off to KPMG et al and advise wealthy folk how to avoid those minor inconveniences you have just put in place.

And so it has always been and always will be, because wealth brings influence and power, no matter who is sat in Number 10.

I`m all for equity in tax but plugging the loopholes is very Dutch Boy and dykes, another room in @RyanioBirdio `s sex dungeon.

Defeatist attitude. Lets not bother with changing laws to improve them then, actually lets just get rid of them altogether as somebody might find a way around them.....

 

[Essexyellows]

Defeatist attitude. Lets not bother with changing laws to improve them then, actually lets just get rid of them altogether as somebody might find a way around them.....

Tax rules have changed pretty much every budget since Income tax started in 1799.
Before that "stuff" like wood & wool was taxed, we`ve also had coal tax, land tax and many others.

And the wealthy have always found the loopholes and will continue to do so because the system is set up like that and always will be.

That is not "defeatist" it is reality and "fixing it" so the rich pay more has been tried for centuries.

 

[QR]

Tax rules have changed pretty much every budget since Income tax started in 1799.
Before that "stuff" like wood & wool was taxed, we`ve also had coal tax, land tax and many others.

And the wealthy have always found the loopholes and will continue to do so because the system is set up like that and always will be.

That is not "defeatist" it is reality and "fixing it" so the rich pay more has been tried for centuries.

Yeh, let's just let the rich just get away with ripped us all off. It's too difficult to do anything else.

Jesus. You and other people with attitudes like this are as much of the problem and the shysters are!!

 

[Sheik djibouti]

Tax rules have changed pretty much every budget since Income tax started in 1799.
Before that "stuff" like wood & wool was taxed, we`ve also had coal tax, land tax and many others.

And the wealthy have always found the loopholes and will continue to do so because the system is set up like that and always will be.

That is not "defeatist" it is reality and "fixing it" so the rich pay more has been tried for centuries.

Yep.

And you continue to punch yourself in the balls at every opportunity to make sure it stays that way.....

Defeatist indeed!

 

[Essexyellows]

Yeh, let's just let the rich just get away with ripped us all off. It's too difficult to do anything else.

Jesus. You and other people with attitudes like this are as much of the problem and the shysters are!!

Go on then............................ short of scrapping the entire system and considering the global nature of the world come up with a plan.

The simplest is income/earnings being taxed at source.

How are you going to do that for Bezos et al?

 

[Essexyellows]

Yep.

And you continue to punch yourself in the balls at every opportunity to make sure it stays that way.....

Defeatist indeed!

Terrible alignment.

NHS budget has increased by around 1.4% per annum over the last decade as well as the recent covid boost`s & writing off historical debt.

The NHS budget and how it has changed

What is the NHS budget and how is it funded? Find out in our nutshell.

www.kingsfund.org.uk

How it is spent is a glorious P**s pot of waste.

I`ve seen it time and time again, I have raised it in meetings and guess what? Nothing, because senior managers are purely in it to protect their positions.

Prime example our Trust employed a "specialist consultant" to sort out our procurement. £6k a week for 6 months. Achieved what? Nothing because the time it takes to get "stuff" through committee`s etc just killed his ideas.

More recently a Head of Dept left, she was on a very senior manager's (VSM) salary (£100k+) for 14 months her deputies picked up her work and things worked perfectly well. That says to me it is an unnecessary post and a hefty saving can be made. Nope - we employed a "head hunting agency" at additional cost to get another one.

Computers on Wheels - COWS, yes we had them, trendy looking carts that carried a laptop and keyboard from ward to ward for some teams or bed to bed on wards. That was 2 short years ago. They were around £650 each and we bought hundreds of them. There are still some sat in cupboards in the wrappers awaiting disposal.
All now replaced with iPads and iPhones.

And so it goes on........... https://www.telegraph.co.uk/politics/2021/09/08/nhs-spends-millions-hiring-army-200000-bureaucrats/

 

[QR]

Go on then............................ short of scrapping the entire system and considering the global nature of the world come up with a plan.

The simplest is income/earnings being taxed at source.

How are you going to do that for Bezos et al?

No, you don't have to 'scrap the whole' system to stop offshore companies charging care homes a rip off 18% interest but you keep telling yourself you do. Get yourself a slot on GBeebies news as they like peddling bullshit as well I've heard.

 

[Essexyellows]

No, you don't have to 'scrap the whole' system to stop offshore companies charging care homes a rip off 18% interest but you keep telling yourself you do. Get yourself a slot on GBeebies news as they like peddling bullshit as well I've heard.

Go on then.............. how do you stop it because, news flash, it`s not just care homes.

 

[QR]

Go on then.............. how do you stop it because, news flash, it`s not just care homes.

If I have to repeat myself..... from above.

Simple, only allow interest at a market rates to be claimed as expenditure. And yes I know that two year money is currently cheaper than twenty year money etc, etc, etc so PWLB rates plus a margin could be used. Only allow rental/leasing charges at a market rate as signed off by a suitable qualified professional (with being struck off the penalty for any unjustifiable deviation from the guidelines as determined by the professional bodies discipline panel etc).

Basically there is a great deal more that could be done..... if there was a will.

Edit: and stop the privatisation of the NHS which is only going to give these shysters even more opportunities to rip off the public and the public purse.

 

[Sheik djibouti]

Terrible alignment.

NHS budget has increased by around 1.4% per annum over the last decade as well as the recent covid boost`s & writing off historical debt.

The NHS budget and how it has changed

What is the NHS budget and how is it funded? Find out in our nutshell.

www.kingsfund.org.uk

How it is spent is a glorious P**s pot of waste.

I`ve seen it time and time again, I have raised it in meetings and guess what? Nothing, because senior managers are purely in it to protect their positions.

Prime example our Trust employed a "specialist consultant" to sort out our procurement. £6k a week for 6 months. Achieved what? Nothing because the time it takes to get "stuff" through committee`s etc just killed his ideas.

More recently a Head of Dept left, she was on a very senior manager's (VSM) salary (£100k+) for 14 months her deputies picked up her work and things worked perfectly well. That says to me it is an unnecessary post and a hefty saving can be made. Nope - we employed a "head hunting agency" at additional cost to get another one.

Computers on Wheels - COWS, yes we had them, trendy looking carts that carried a laptop and keyboard from ward to ward for some teams or bed to bed on wards. That was 2 short years ago. They were around £650 each and we bought hundreds of them. There are still some sat in cupboards in the wrappers awaiting disposal.
All now replaced with iPads and iPhones.

And so it goes on........... https://www.telegraph.co.uk/politics/2021/09/08/nhs-spends-millions-hiring-army-200000-bureaucrats/

I don't doubt that for one minute. There is huge wastage in both the public AND private sectors. Another appalling example in public sector is the effect of "shared services" across public sector organisations for things like HR and IT.

You would think wouldn't you that this will reap huge efficiency benefits in terms of cutting costs (staff & accomodation). As a result of this, several public sector organisations had their IT infrastructure/equipment replacement programmes either paused or cancelled whilst they were reviewed and amalagamted to make said efficiencies.

Now, anyone who has had the misfortune to have used Public Sector IT will know that it is not exactly cutting edge, up to date technology at the best of times (yeah I know, cost, security/compatibility issues, glitches mean they need bullet proof, tried and tested IT to run the plethora of often bespoke software packages to do their jobs). But it has got to the point where many organisations are still limping on with Windows 7 as an OS and the hardware that was built to run it nearly 20 years ago. Many older software packages are either extremely challenging to make work on newer laptops..... or outright impossible and need replacing completely.

And all this at a time when said organisations have largely moved to 365/Sharepoint/Teams, hastened by Covid and most of them working from home. IT basically does not work or works incredibly slowly for numerous organisations who are hugely reliant on it. The problem is really acute in parts of the public sector in particular, and the number of lost working hours, not to mention the effect it has on staff morale and stress levels (because they simply can't do their jobs, not for the want of trying) is reaching crisis proportions.

The difference is that private sectors write off profits as a result and make the changes they need to make to stay in business and often simply pass on the extra costs to us as consumers of their products. In the private sector, where business profitability relies on it, they would not stick with an IT system based around a 12 year old unsupported Operating System run on 20 year old hardware. They won't stay in business for long if they do!

I've no doubt that more efficiency can be found (in every organisation that ever existed, ever), but be careful what you wish for and just fund them and govern them properly in the first place!

We'll leave aside the systemic defunding of large swathes of the Public Sector for now......