Posted: Mar 16, 2012 2:20 pm
Panderos wrote:@[color=#CC0000][b]Paul[/b][/color] G
Well, it's always a bit more complicated who 'pays' tax. But yes, in a simple way, it doesn't affect businesses, nor entrepreneurs - who pay tax on dividends at 42.5%, if over £150,000, or 28% capital gains tax when they sell shares. This is really aimed at senior executives, bankers and a few other high earners as far as I can see. I'm sure I've heard even footballers tend to set up their own companies to avoid income tax.
Which, at least when I was still working in the area, was being clamped down on pretty hard by the Inland Revenue. All those "companies" got the Paul G treatment
. I'm just really unsure what the Tories are playing at.