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Please play nicely.  No one wants to listen/read a keyboard warriors rants....

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Author Topic: Jeremy Corbyn  (Read 219 times)

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Raeturbo

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Re: Jeremy Corbyn
« Reply #30 on: Yesterday at 21:46:52 »

👍
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Doctor Gollum

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Re: Jeremy Corbyn
« Reply #31 on: Yesterday at 21:56:36 »

Apart from getting all frustrated and a little bit shouty, there's not much Labour can do until 2024. Shame.

Marcus Rashford will probably be Labour leader by then.

And probably still lacking the self awareness and life experience to see the irony of him earning circa half a million quid a week, or whatever the amount is, and trying to shame the Govt into giving all kids free food, paid for by the taxes of people earning less throughout their whole lives than he earns in a few weeks.  ::)

The converse of that is that he'll be paying more tax per week than most will pay in a working lifetime.
;D ;D ;D

Are you drunk?

Are you saying you don't think Marcus Rashford pays more tax in a week than most pay in a lifetime?
Not if he's got a decent accountant...
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Raeturbo

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Re: Jeremy Corbyn
« Reply #32 on: Yesterday at 22:00:26 »

Decent? Corrupt? Backhanded, parasitic?, there’s plenty of them if you can pay em.
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Doctor Gollum

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Re: Jeremy Corbyn
« Reply #33 on: Yesterday at 22:15:05 »

He could set up a multi million pound property company to purchase all his 'stuff' whilst paying himself £12,500 a year. He then leases his car/his home/clothes etc from the holding company at say a pound a month, which, on paper doesn't make a profit, ergo, no tax. Especially if the property company is based in Nassau.

Hypothetically speaking.
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Raeturbo

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Re: Jeremy Corbyn
« Reply #34 on: Yesterday at 22:26:23 »

 ;D ;D
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Sir Tigger QC

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Re: Jeremy Corbyn
« Reply #35 on: Yesterday at 22:55:02 »

If I had Rashford's kind of cash I wouldn't just have my company based there, I'd be based in Funky Nassau too!  8)
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Doctor Gollum

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Re: Jeremy Corbyn
« Reply #36 on: Yesterday at 22:59:54 »

If I had Rashford's kind of cash I wouldn't just have my company based there, I'd be based in Funky Nassau too!  8)
That could work too 8)
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78bex

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Re: Jeremy Corbyn
« Reply #37 on: Yesterday at 23:07:13 »

"corbynite" sounds a bit like "cryptonite" doesn`t it  :-\
Surely the drug  of choice for big Len McCluskey  :P & he`s not a happy bunny
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Doctor Gollum

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Re: Jeremy Corbyn
« Reply #38 on: Yesterday at 23:09:26 »

"corbynite" sounds a bit like "cryptonite" doesn`t it  :-\
Surely the drug  of choice for big Len McCluskey  :P & he`s not a happy bunny
Another waste of resources :-X
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Migv6 le Frog Fan

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Re: Jeremy Corbyn
« Reply #39 on: Yesterday at 23:17:46 »

"corbynite" sounds a bit like "cryptonite" doesn`t it  :-\
Surely the drug  of choice for big Len McCluskey  :P & he`s not a happy bunny
Another waste of skin and fresh air :-X

Fixed.  :)
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LC0112G

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Re: Jeremy Corbyn
« Reply #40 on: Yesterday at 23:21:21 »

He could set up a multi million pound property company to purchase all his 'stuff' whilst paying himself £12,500 a year. He then leases his car/his home/clothes etc from the holding company at say a pound a month, which, on paper doesn't make a profit, ergo, no tax. Especially if the property company is based in Nassau.

Hypothetically speaking.

No, he can't.

His employer will be Manchester United, or possibly he's employed by "Marcus Rashford Ltd" and Manchester United pay the Ltd Co for his services - although that may fall foul of IR35.

If he's an employee of ManU then there is no way to avoid income tax and NI because ManU will have to pay it for him (PAYE). The income tax alone is almost £13.8 million p/a on a £500K p/w salary. Plus with employee NI and employers NI the take for HMRC is going to be circa £18 Million p/a.

If it's done through a ltd company - how on earth do you think a company can avoid making a profit when it's income is £26M p/a, and it's (employees) costs are £12.5K plus a few £K NI and pension? The corporation tax rate is only 19% - so a lot less than the income tax rate, but Marcus cannot extract the "retained profits" from the company without paying yet more tax.

And the idea that the company can buy cars and houses for you to live in 'for free' is also nonsense. It'll be treated as a benefit in kind by HMRC.
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Doctor Gollum

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Re: Jeremy Corbyn
« Reply #41 on: Yesterday at 23:24:38 »

Not if it's offshore it won't.
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Raeturbo

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Re: Jeremy Corbyn
« Reply #42 on: Yesterday at 23:39:18 »

Corruption and cash are hand in hand👍
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