This is from BBC News
Source: HMRC
- Tax avoidance schemes cost the UK £3.1bn in 2012-13 (the most recent figures), the HMRC says
- The HMRC says: "The avoidance tax gap is an annual estimate of the tax lost due to avoidance schemes that are subject to HMRC scrutiny and frustrate the intention of Parliament."
- £1.4bn of that was through income tax, national insurance contributions and capital gains tax
- £1.3bn was in unpaid corporation tax
- £0.1bn was lost through VAT and the remaining £0.2bn was through other direct taxes
According to a YouGov survey published in November, 63% of British people said they believed the moral duty to contribute to public services was stronger than the right to keep the money one earns. In the US, only 37% agreed.
Attitudes may have hardened since then, following revelations that banking giant HSBC helped wealthy clients across the world evade hundreds of millions of pounds in tax.
It's true that different people who use the term "tax avoidance" mean very different things by it, as Shadow Chancellor Ed Balls found when he was drawn into a row about whether one should get a receipt for hedge-trimming services and was subject to a newspaper investigation into how he pays his window cleaner.
Income tax - who pays what?
Source: HMRC
- Basic rate 20% - £0 to £31,865
- Higher rate 40% - £31,866 to £150,000
- Additional rate 45% - over £150,000
- Most people are entitled to earn the first £10,000 tax free
From TelegraphHere is a list of Britain's wealthiest 25 people, according to The Sunday Times Rich List:
- Len Blavatnik £13.17 billion
- Sri and Gopi Hinduja £13 billion
- Galen and George Weston and family £11 billion
- Alisher Usmanov £9.8 billion
- David and Simon Reuben £9.7 billion
- Ernesto and Kirsty Bertarelli £9.45 billion
- Lakshmi Mittal and family £9.2 billion
- Kirsten and Jorn Rausing £8.7 billion
- The Duke of Westminster £8.56 billion
- Roman Abramovich £7.29 billion
- John Fredriksen and family £7.24 billion
- Charlene de Carvalho-Heineken and Michel de Carvalho £7.145 billion
- Sir David and Sir Frederick Barclay £6.5 billion
- Hans Rausing and family £6.4 billion
- Mohamed Bin Issa Al Jaber and family £5.935 billion
- Carrie and Francois Perrodo and family £5.8 billion
- Nathan Kirsh £5.06 billion
- Earl Cadogan and family £4.8 billion
- Nicky Oppenheimer and family £4.55 billion
- Sir Richard Branson and family £4.1 billion
- Bruno Schroder and family £3.76 billion
- Mike Ashley £3.5 billion, Sir James Dyson and family £3.5 billion, Sir Philip and Lady Green £3.5 billion
- ...
- ...
- Sir Henry Keswick and family £3.275 billion
Did you know that only a fraction of the super rich pay UK taxes.
Data from HMRC 2004–2005; incomes are before tax for individuals.
Range | Number of taxpayers | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
£4,745 to £6,000 | 1,440,000 | |||||||||||
£6,000 to £7,000 | 1,160,000 | |||||||||||
£7,000 to £8,000 | 1,590,000 | |||||||||||
£8,000 to £10,000 | 2,950,000 | |||||||||||
£10,000 to £12,000 | 2,760,000 | |||||||||||
£12,000 to £15,000 | 3,650,000 | |||||||||||
£15,000 to £20,000 | 4,950,000 | |||||||||||
£20,000 to £30,000 | 6,000,000 | |||||||||||
£30,000 to £50,000 | 4,090,000 | |||||||||||
£50,000 to £70,000 | 859,000 | |||||||||||
£70,000 to £100,000 | 410,000 | |||||||||||
£100,000 to £200,000 | 300,000 | |||||||||||
£200,000 to £500,000 | 89,000 | |||||||||||
£500,000 to £1 million | 16,000 | |||||||||||
Over £1 million | 6,000 |
J. K. Rowling
Sir Richard Branson
James Dyson
Wonder what it is like to be in USA?
I am a selfish person. If you cannot find the links in this blog, I have majority of them filed, Email me!
No comments:
Post a Comment