|
||||||||||
|
||||||||||
6 Nov 2017, 21:43 (Ref:3779099) | #51 | ||
Veteran
Join Date: Sep 2002
Posts: 3,909
|
Not sure what he’s done wrong. If it’s a legal loophole then why wouldn’t you use the tax laws correctly to minimise the amount of tax you pay. We all do it one way or another including pensions, isas, duty free, cash in hand, buying products on holiday and bringing them home etc etc etc.
This is why it’s called tax avoidance, not tax evasion. Perfectly legal...and of course you’re all assuming he knew what his accountants were doing...do you all know how your money is being invested? Thought not The question people should be asking is why do the loopholes exist |
||
|
6 Nov 2017, 22:35 (Ref:3779109) | #52 | |||
Veteran
Join Date: Jan 2017
Posts: 1,406
|
Quote:
|
|||
__________________
When did I do dangerous driving??? |
6 Nov 2017, 22:46 (Ref:3779112) | #53 | |||
Veteran
Join Date: Oct 2011
Posts: 5,995
|
Quote:
Just to correct you, but working cash in hand and bringing goods into the country that may attract duty are both considered to be tax evasion and are certainly not legal. And I sincerely hope that we don't all do it. And not discussing Hamilton, but if an individual has money invested on his behalf by advisers, it is, absolutely minimally, prudent to know where that money is invested because you are ultimately responsible. And before anyone jumps on the band-wagon concerning the Queen's investments, I very much doubt that her investment team for the Duchy of Lancaster consult her on where her investments are made. The assets of the Duchy are huge, and are not in the same league as most private investment holdings. |
|||
|
7 Nov 2017, 00:51 (Ref:3779129) | #54 | |
Veteran
Join Date: Jun 2009
Posts: 8,088
|
||
|
7 Nov 2017, 01:06 (Ref:3779134) | #55 | ||
Veteran
Join Date: Jun 2009
Posts: 4,152
|
|||
__________________
Richard Murtha: You don't stop racing because you are too old, you get old when you stop racing! But its looking increasingly likely that I've stopped.....have to go back to rallying ;) |
7 Nov 2017, 01:49 (Ref:3779144) | #56 | ||
Race Official
20KPINAL
Join Date: Jul 2008
Posts: 23,858
|
|||
__________________
"If you're not winning you're not trying." Colin Chapman. |
7 Nov 2017, 04:28 (Ref:3779158) | #57 | |||
Veteran
Join Date: Jan 2017
Posts: 1,406
|
Quote:
We are all criminals. |
|||
__________________
When did I do dangerous driving??? |
7 Nov 2017, 06:05 (Ref:3779166) | #58 | ||
Veteran
Join Date: Aug 2003
Posts: 2,525
|
Congratulations to Lewis. Fast and consistent as ever, but he seemed to be far more mature and down to earth this year. This is going to sound terrible but he always appeared to be putting on a fake persona (acting phoney) over the last couple of years. He seems more comfortable in his own skin now.
|
||
__________________
ยินดีที่ได้รู้จัก |
7 Nov 2017, 06:16 (Ref:3779170) | #59 | ||
14th
1% Club
Join Date: Jul 2001
Posts: 44,192
|
|||
__________________
Brum brum |
7 Nov 2017, 10:51 (Ref:3779212) | #60 | ||
Veteran
Join Date: Oct 2011
Posts: 5,995
|
Which is the very reason that I didn't mention duty free. However, it should be noted that there are limits on duty free, and if you exceed those limits you could to open to prosecution.
|
||
|
7 Nov 2017, 11:00 (Ref:3779214) | #61 | |||
Veteran
Join Date: Sep 2002
Posts: 3,909
|
Quote:
Lewis is borderline with his plane. Perfectly ok for business use, he has a right to claim the VAT back...the personal use bit maybe not so much, but I’m sure his tax lawyers are far better at answering that question. The fact he nor his company have tried to hide anything from the HMRC leads me to think it’s completely legal avoidance strategy or he has been badly advised that it was ok |
|||
|
7 Nov 2017, 11:34 (Ref:3779215) | #62 | |||
Veteran
Join Date: Oct 2011
Posts: 5,995
|
Quote:
|
|||
|
7 Nov 2017, 11:36 (Ref:3779216) | #63 | |
Race Official
Veteran
Join Date: Dec 1998
Posts: 16,760
|
one would presume he manages to hide a lot of his use that appears personal as business use for an image rights company of his or such like. making appearances (and promoting them on social media) would then i presume allow him to pay himself as a social influencer working for his own company and voila, that skirt chasing trip to fashion week is now business.
|
|
__________________
devils advocate in-chief and professional arguer of both sides |
7 Nov 2017, 11:40 (Ref:3779218) | #64 | ||
The Honourable Mallett
20KPINAL
Join Date: Feb 1999
Posts: 37,676
|
Um, in the context of winning the WDC what has his or anyone else's tax affiars got to do with it? I can't see a reduction in tax liabilities making him more keen on winning. So let's talk about the challenges he's faced on track shall we?
|
||
__________________
I've decided to stop reaching out to people. I'm just going to contact them instead. |
7 Nov 2017, 11:57 (Ref:3779223) | #65 | |||
Veteran
Join Date: Apr 2005
Posts: 5,724
|
Quote:
Looks like you might end up closing another one Peter. |
|||
__________________
Incognito: An Italian phrase meaning Nice Gearchange! |
7 Nov 2017, 11:58 (Ref:3779224) | #66 | ||
Veteran
Join Date: Mar 2015
Posts: 11,185
|
Quote:
As for these sort of leaks - funny how when Jimmy Carr did it, the Prime Minister took time out of his busy schedule to call him out on it. Now it turns out they're all at it, include the countries biggest sports star (for this week anyway), politicians and the crown itself, that it's all fine, it's just a loophole we'd all use. |
||
|
7 Nov 2017, 12:02 (Ref:3779225) | #67 | |
Racer
Join Date: Mar 2016
Posts: 280
|
Whilst Lewis' name is in the headlines, I would be amazed if a number of others well-knowns from our sport are not similarly, hem, avoiding tax.
|
|
|
7 Nov 2017, 12:08 (Ref:3779228) | #68 | ||
Veteran
Join Date: Nov 2000
Posts: 8,298
|
Of course they are, anyone not living full time in the UK would be, so DC, Button, pretty much every MotoGP rider or Superbike rider, most of them live in Andorra.
I would think most top level racing drivers and riders do it. Question is, should they and does it make me support them less, and in most cases it does sorry. 4 time world superbike champ Carl Fogarty spent his carer in the UK, I have no idea if he used creative accounting, he probably did, but as he did not ,love to Jersey or the Isle of Man my respect for him was increased by him staying in and around his home town of Blackburn! lol |
||
|
7 Nov 2017, 12:15 (Ref:3779229) | #69 | ||
Veteran
Join Date: Sep 2002
Posts: 3,909
|
Tbh I’d guess most of professional Motorsport has some sort of creative accounting involved...
|
||
|
7 Nov 2017, 12:17 (Ref:3779230) | #70 | ||
Ten-Tenths Hall of Fame
Veteran
Join Date: Sep 2008
Posts: 14,830
|
What WDC? What challenges? After reading recent posts on this thread, I've forgotten already......
|
||
__________________
Logic will get you from A to B. Imagination will take you everywhere. (Einstein) |
7 Nov 2017, 12:25 (Ref:3779232) | #71 | ||
Veteran
Join Date: Nov 2006
Posts: 9,446
|
Love him or hate him, at least we have a British F1 champion whatever any of us keyboard warriors say !
|
||
__________________
Balls of steel (knob of butter) They're Asking For Larkins. ( Proper beer) not you're Eurofizz crap. Hace más calor en España. Me han conocido a hablar un montón cojones! Send any cheques and cash to PO box 1 Lagos Nigeria Africa ! |
7 Nov 2017, 12:30 (Ref:3779233) | #72 | ||
The Honourable Mallett
20KPINAL
Join Date: Feb 1999
Posts: 37,676
|
Indeed.
|
||
__________________
I've decided to stop reaching out to people. I'm just going to contact them instead. |
7 Nov 2017, 12:49 (Ref:3779238) | #73 | ||
Veteran
Join Date: Nov 2005
Posts: 1,406
|
really its a storm in a tea-cup.......Lewis openly lives in Switzerland as a tax exile......along with Jackie Stewart......Button lives in Monaco as a tax exile.......there are ooodles more.......Hamilton manages himself as he refuses to pay an agent 20%.......so what........its just not news!
|
||
|
7 Nov 2017, 12:52 (Ref:3779239) | #74 | |||
Veteran
Join Date: Apr 2007
Posts: 12,575
|
Quote:
|
|||
|
7 Nov 2017, 13:27 (Ref:3779246) | #75 | ||
Ten-Tenths Hall of Fame
Veteran
Join Date: Sep 2008
Posts: 14,830
|
I don't care if he lives on Mars- He's a British passport holder, mesmerising driver to watch most of the time, and Champ again!
|
||
__________________
Logic will get you from A to B. Imagination will take you everywhere. (Einstein) |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Congratulations Lewis Hamilton - 2014 World Champion | Born Racer | Formula One | 34 | 24 Nov 2014 17:57 |
LEWIS HAMILTON - Formula One Wold Champion 2008 | Bononi | Formula One | 166 | 17 Nov 2008 02:43 |
Lewis Hamilton - GP2 Champion 2006 | Ranald | National & International Single Seaters | 20 | 11 Sep 2006 20:54 |
Will Lewis Hamilton Be Euro F3 Champion?! | Soulja | National & International Single Seaters | 69 | 11 May 2004 23:24 |
Lewis Hamilton Is The Champion | Frank_White | National & International Single Seaters | 46 | 26 Sep 2003 19:02 |