"Tim Streater" wrote in message
.. .
In article , 2987fr
wrote:

"Tim Streater" wrote in message
...
In article , 2987fr
wrote:

"Tim Streater" wrote in message
et...
In article , 2987fr
wrote:

"Tim Streater" wrote in message
news:130220192132305809%timstreater@greenbee .net...

I'm still waiting to hear IN WHICH WAY Moggy is evading tax.

By appearing to receive the taxable income in the
Cayman Islands tax haven where no tax is paid on that.
Unlikely that he actually spends much time there.

But he must still declare that income on his UK tax return.

Not if it is income of a Cayman Islands based operation.

Yes. You have to declare your world-wide income. Once it appears in a
bank account that you control, it is deemed income at the exchange rate
that prevails on that day. And the revenue wants to know about all such
bank accounts.

But that doesnt mean that you have to pay UK income tax on that income.

That the whole point of those tax havens.

So what law or treaty or rule or regulation do you invoke to avoid
paying tax on it?

Dont need anything like that.

It's income. You declare it. You pay tax on it.

Not when its the income of a commercial operation
that claims it is operating out of the Cayman Islands.

If your claim was true, there wouldnt be any point in
those tax havens. They are called tax havens for a reason.

My CERN pension is paid into a Swiss bank. When completing my tax
return, I follow the procedure outlined above. There used to be a rule
that you only needed to pay tax on 90% of such income, but that's been
done away with now. I certainly claimed that.

Mogg's business operations are entirely different to your pension tax wise.
Same with the money Murdoch makes in the UK. He makes it look like its
earned by his operation in the Bahamas where there just happens to be
no corporate or income tax and so he avoids paying UK tax that way.

Amazon in spades.