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Daily banter For everything, and anything that doesnt fit in elsewhere |
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#21
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Autos Autos everywhere... (1) 2015 Tesla Model S: (was 85D, now 90D ). Silent and deadly, and very fast... But not as fast as Ian's M3P- (2) 2002 D2 S8 Final Edition: Bulletproof and faultless: Brilliant Black with Extended (Red!) Leather. Three-times winner of Best D2 1st prize (3) 1997 Fiat Coupe 20v Turbo: Scots (! ) Green. Fragile, but beautiful. (4) 2010 Fiat Panda 100HP. White Pandamonium (Final Edition!!). Pure old-fashioned 6-speed go-karting. |
#22
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Crazy capitalism, and you'll all be brainwashed to believe it's in your best interests! Yet people continue to "Union Bash"... Ironic! Back to topic: There's no news here, just what wealthy people have been doing for decades. I remember similar news about Nigel Mansel 20 years ago. Many of the loopholes they use have been created either by small countries to attract wealthy people and business (Monaco, Isle Of Man, Canary Islands) or by larger countries for the exploitation of those who created them and their mates. My mate who is a financial planner and did a minor in accountancy has told me about tax rules that only exist for those above certain wealth thresholds. You have to ask why they have done that...
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Cheers Marty ____________________ Current: 2001 Audi S8 - Brilliant Black with Black interior, C5 RS6 rims (whenever I actually put them on...), Solar Sunroof, Tinted side and rear glass, RNS-D, Grom, Bose, clunky old phone in arm rest! 2002 Audi S8 - Project Replacement head coming arrived thanks to MJ Silver with Black interior. All features as the '01, with the 'S' mode auto shifter. Dodgey rear tint (need to find a way to get rid of that). Family: 2009 Volvo XC90 V8 R Design - has a louder more obnoxious exhaust than the S8, sounds great! Love this thing - Q7 was double the price, and certainly not double the car! Sold: 1997 Audi A4 - Hamilton's Club Sport, Achat Grey (will miss the old girl) |
#23
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The thing is, above a certain threshold people are mostly very mobile so don't actually live, or earn, in any one country.
Thinking about Lewis Hamilton for example, he genuinely works all over the world and hasn't been a UK resident for many years. I would hope (and expect) that he pays his fair share of tax on income earned here (and in other countries he works in), but if he has a plane "registered" in the IOM so what, he's not a UK resident. People/companies that are wholly or mainly based/trade in one jurisdiction are another matter entirely.
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2003 D2 FL S8. Irish Green Pearl/Beige. Solar sunroof, auto-dim mirrors, electric rear seat functions, ski hatch retrofit; extended leather. Aftermarket DVB-T, reversing camera and full XCarlink (Bluetooth etc.). 2016 Volvo V40 T5 Cross Country (4WD) with ALL the toys including adaptive cruise etc. etc. Osmium Grey with Blonde/Charcoal leather interior. Polestar performance "optimisation". (A much rarer model than a D2 S8 by the way!) Oh, and a brand new engine at just under 30,000 miles on the factory one! Finally: gone, but not forgotten..... 1998 D2 PF S8. AgateGrey/Platinum. Every option (I think) except electric rear seats, tiptronic steering wheel, ski hatch, towbar & dimming door mirrors. e.g. Cruise control, NavPlus/TV, Bose, GSM, Xenons, Solar roof, Parking sensors, Alcantara/leather everywhere of course. (internal dimming mirror added later) 1998 (very early) Ford Focus 1.8 Zetec; ABS/TCS, Heated screen/mirrors, Aircon, Auto-dim mirror, Leather, Trip computer, Cruise control, OEM Ford SatNav with CD changer. And before that a lot of Rover 800s, a few oddities, a lovely Triumph Dolomite 1850HL with Overdrive and way back in my schooldays an Austin Seven aka Mini 850! Last edited by HPsauce; 7th November 2017 at 10:09 PM. |
#24
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1996 A8 4.2 QS. Bose, Solar roof, um...um... rally sport towbar. Now gone to a new home as the Traders 8. Bright yellow bus o love. |
#25
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2003 D2 FL S8. Irish Green Pearl/Beige. Solar sunroof, auto-dim mirrors, electric rear seat functions, ski hatch retrofit; extended leather. Aftermarket DVB-T, reversing camera and full XCarlink (Bluetooth etc.). 2016 Volvo V40 T5 Cross Country (4WD) with ALL the toys including adaptive cruise etc. etc. Osmium Grey with Blonde/Charcoal leather interior. Polestar performance "optimisation". (A much rarer model than a D2 S8 by the way!) Oh, and a brand new engine at just under 30,000 miles on the factory one! Finally: gone, but not forgotten..... 1998 D2 PF S8. AgateGrey/Platinum. Every option (I think) except electric rear seats, tiptronic steering wheel, ski hatch, towbar & dimming door mirrors. e.g. Cruise control, NavPlus/TV, Bose, GSM, Xenons, Solar roof, Parking sensors, Alcantara/leather everywhere of course. (internal dimming mirror added later) 1998 (very early) Ford Focus 1.8 Zetec; ABS/TCS, Heated screen/mirrors, Aircon, Auto-dim mirror, Leather, Trip computer, Cruise control, OEM Ford SatNav with CD changer. And before that a lot of Rover 800s, a few oddities, a lovely Triumph Dolomite 1850HL with Overdrive and way back in my schooldays an Austin Seven aka Mini 850! |
#26
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Wealthy individuals and businesses will always look for the most tax efficient way to manage finances. It's nothing new and is often reported, it may not be morally right and that's where businesses should have a good code of conduct/ethics, customers can always vote with their money. As for individuals, we are probably talking about the 0.01%, I'm not all that interested in how they conduct their private affairs to be honest and quite often they do a lot of charity work and help raise awareness of other issues anyway.
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Cars... '93 Audi Coupe 2.0 Alpine White (sold) '99 Audi S4 Merlin Purple - K04 upgrade to 412hp (sold) '00 Audi S8 Agate Grey (Sold ) '11 Audi Q7 4.2tdi Unknown Red (Classic Red Pearl Effect - thanks MJ) |
#27
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Imagine a world where all the nations got together and agreed a uniform and universally applied set of taxes.
Sounds great, sounds fair, sounds morally correct. If this ever happened we'd be screwed, with taxes shooting up and up. An explosion of bureaucrats consuming ever more, while the dwindling number of productive people are taxed into oblivion. Of course there are differences between national tax systems. And these differences are an opportunity used by those of wealth, to minimise the taxes they pay. Morally questionable I agree. But they and their schemes are the price we pay for some kind of tax competitiveness that keeps our respective governments in check. If you don't believe how voracious government is, just look at the national debts. What they can't get in taxes they happily borrow at the expense of generations to come. Now that is what I call immoral.
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A journey of a thousand+ (epic) miles, begins with a single step, (to the door of an 8). Lau Tzu |
#28
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This country is the fifth biggest economy in the world, and yet, in the city I call home, 1 in 150 people are homeless. It's about time that the trillions* stashed in offshore jurisdictions were reclaimed and used to support the people that governments are meant to represent, not those who lined their pockets. * https://www.oxfamamerica.org/press/t...lion-offshore/
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Autos Autos everywhere... (1) 2015 Tesla Model S: (was 85D, now 90D ). Silent and deadly, and very fast... But not as fast as Ian's M3P- (2) 2002 D2 S8 Final Edition: Bulletproof and faultless: Brilliant Black with Extended (Red!) Leather. Three-times winner of Best D2 1st prize (3) 1997 Fiat Coupe 20v Turbo: Scots (! ) Green. Fragile, but beautiful. (4) 2010 Fiat Panda 100HP. White Pandamonium (Final Edition!!). Pure old-fashioned 6-speed go-karting. |
#29
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Governmental debt is quite different to a personal loan / mortgage / house hold budget as we know. Governments don’t really pay back the debt. They just roll it over. Economic growth should reduce the percentage of debt to GDP, making previous borrowings increasingly less significant. It's a tool used by Governments all over. The young and future generations are actually paying the price due to austerity. Austerity does not produce strong economic growth and we have a lost generation due to it. If you have falling private spending and wealth and falling government spending the recession is more serious and longer. Governmental debt is a way of employing under-employed resources in a recession and help the economy to recover.
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Matt 2004 A8 3.7q, 1998 A4 2.8q, 1994 Coupe 2.8q SORN, |
#30
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2001 A8 D2 FL 3.7 Q - LPG Conversion, Engine: AKC, Gearbox:FBB, Colour:LY5X Aqua Blue pearl effect, Interior:WJ light beige/dark beige valcona leather with burr walnut inserts My DIY jobs - Replaced alarm horn, Replaced Coolant Temp sensor, Updated RNS-D firmware, Installed Reversing Camera and Digital TV, Dashcam Installation, Retrofitted Rear Blinds, Auto-Dimming Rear View Mirror, Chrome Boot Struts Sold! 2008 S8 D3 5.2 V10 - Engine: BSM, Gearbox:KLW, Colour:LY7F Suzuka Grey Pearl Effect, Interior:Black/Black with Silver/Black valcona leather with carbon atlas inserts, Bang & Olufsen, Heated windscreen, Soft-close doors, TV, DAB, AMI, Quad Zone, Auto Boot, Auto dim Mirrors, Keyless entry, PDC with rearview camera, AFS II Headlights My DIY jobs - Fan Jet Windscreen Washers, Retrofitted Electric Side Blinds |
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