PDA

View Full Version : A company with 500 directors...



AtW
24th June 2012, 00:49
Imagine having a board meeting in one of those? :laugh

------

"One of the Tories' biggest donors was signed up to a tax avoidance scheme that also included comedian Jimmy Carr, the Observer has established.

The revelation is intensely embarrassing for David Cameron, who attacked the comic's use of such schemes as "morally wrong".

Records at Companies House reveal that George Robinson, a hedge fund manager who has given the Tories more than £250,000, was – in the 12 months leading up until 21 January 2010 – a director of a company called Romangate. The Times reported last week that Romangate, which had more than 500 directors, including Carr and Robinson, was part of a tax avoidance strategy called Rushmore. The scheme was closed down in 2009, before its members could claim any tax relief, following an investigation by HMRC.

The scheme was thought to be legitimate when it was set up. However, the then treasury secretary, Stephen Timms, told parliament that the strategy was a "highly abusive, completely contrived arrangement" that "was set up with the sole aim of avoiding paying the tax due to the Exchequer".

Robinson, who has an estimated wealth of £215m and whose Sloane Robinson hedge fund earns millions for its members, has donated money to a number of good causes. There is no suggestion that he benefited from being a director of Romangate because the company was closed down before any tax relief could be claimed."

Source: Top Tory donor linked to Jimmy Carr tax scheme | Business | The Observer (http://www.guardian.co.uk/business/2012/jun/24/tory-donor-tax-avoidance)

500 directors!!! :rollin:

Doggy Styles
24th June 2012, 07:29
Cameron has shot himself in the foot with his high moral outburst over this.

I don't care about Cameron, but I do care that he'll lose a General Election and we'll get the socialists back "in charge".

AtW
24th June 2012, 13:39
I don't care about Cameron, but I do care that he'll lose a General Election and we'll get the socialists back "in charge".

Labour will have more or less same policies - should have voted for them last time around :ind

escapeUK
24th June 2012, 13:42
Cameron has shot himself in the foot with his high moral outburst over this.

I don't care about Cameron, but I do care that he'll lose a General Election and we'll get the socialists back "in charge".

They are still in charge, I have always been a tory voter. What we have now is not conservatives. Its the exact fauxdemocracy we had under labour. This country is finished.

minestrone
24th June 2012, 14:05
Cameron has shot himself in the foot with his high moral outburst over this.

I don't care about Cameron, but I do care that he'll lose a General Election and we'll get the socialists back "in charge".


WDSS.

I think Cameron is ok but it is "win at any costs" when labour are about and we all knew the dissection of Tory supporters banking details were going to happen when he opened his trap.

AtW
24th June 2012, 14:12
No Prime Minister who realies on tax cheats to win election will last long...

Old Greg
24th June 2012, 16:26
They are still in charge, I have always been a tory voter. What we have now is not conservatives. Its the exact fauxdemocracy we had under labour. This country is finished.

Funnily enough I see a country with three Tory parties. Whoever is in power, the rich and powerful end up even more so in comparison to the ordinary person.

Doggy Styles
24th June 2012, 16:40
Labour will have more or less same policies - should have voted for them last time around :indExcept that the socialists raised costs, the tories are cutting them.

AtW
24th June 2012, 16:44
Except that the socialists raised costs, the tories are cutting them.

Tories continue main "victimless" cost cutting that was stated under Liebor - money printing to keep Govts yields low so it can save on what it pays investors into its debt.

If it wasn't for money printing Govt would have to pay 7%+ yields.

Other "cost cutting" is futuristic and mostly on paper, ie - limiting growth of public salaries by using different calculation of inflation.

So instead of cutting actual expenditure 2 years ago they hope that inflation and slower pay raises in public sector will help private sector to have higher GDP sometime in the future.

Doggy Styles
24th June 2012, 16:47
Tories continue main "victimless" cost cutting that was stated under Liebor - money printing to keep Govts yields low so it can save on what it pays investors into its debt.

If it wasn't for money printing Govt would have to pay 7%+ yields.

Other "cost cutting" is futuristic and mostly on paper, ie - limiting growth of public salaries by using different calculation of inflation.

So instead of cutting actual expenditure 2 years ago they hope that inflation and slower pay raises in public sector will help private sector to have higher GDP sometime in the future.AtW you haven't got a clue how to cut our national deficit, so I wouldn't be too hasty criticizing those who have actually had that tulip dropped into their in-basket.:wink

AtW
24th June 2012, 16:59
AtW you haven't got a clue how to cut our national deficit, so I wouldn't be too hasty criticizing those who have actually had that tulip dropped into their in-basket.:wink

I am smart enough not to get into debt in the first place :smokin

Old Greg
24th June 2012, 17:40
I am smart enough not to get into debt in the first place :smokin

When are the repo men round for the sofa?

AtW
24th June 2012, 17:42
When are the repo men round for the sofa?

I gave them your address :smokin

Old Greg
24th June 2012, 17:46
I gave them your address :smokin

I'd better start staining.