eBay & paypal

[AVB]

A good friend worked as a finance director for bear sterns before the crash, his job was to help people avoid paying tax when they brought and sold shares and he alone would often avoid "clients" paying 8 figure sums weekly to hmrc. as a broker he was exempt from taxation on any shares that passed through his hands which is clearly sensible or he couldn't have done his job. If you wanted to buy or sell £100,000,000 in shares clearly you would have a tax liability to hmrc on the proceeds, bear sterns would buy the shares for you and keep hold of them issuing you with a certificate or "dividend" so you would pay no tax as all you owned was the certificate and not the shares, the broker was tax exempt so paid no tax but would charge you a fee for their services equating to a percentage of what the tax liability would be. When you wanted to sell the shares (the ones you didn't own) you would instruct the broker to facilitate the transaction for you, you would pay no tax on the sale as all you owned was a certificate and the new buyer would once again pay a percentage to bear sterns. Every single day billions of pounds of taxable shares change hands this way and zero is paid, it's all legal and above board so next time you pay your government tax on the money you have worked so very hard to earn and think about "socialists" who want a fairer society for everyone remember the reason your tax is so horrendously high is because the people who make the tax laws aren't paying their share. Even this sites favourite pm Mrs.t completely avoided the death duty of 40% that should have gone into the public purse because her home (iirc it was worth £30,000,000) was put into a tax avoiding trust fund. That's the truth of this capitalist society people seem so in favour of, the rich pay nothing at all, the middle class pay everything and the rich tell the middle class that the reason for high taxation and austerity is all the fault of the poor and less fortunate. Even David Cameron who was busy with his henchman ids attacking the poor and vulnerable in society and worth an estimated £30,000,000 with several houses was claiming incapacity benefits for his son, keep working your fingers to the bone and dutifully paying your inflated tax, when you die they will also take a huge chunk of what you have earned to keep the next generation of your family poor while laughing at you behind your back drinking subsidised wine and food you pay for and renting out their second home that you are also paying for, And remember all along that this is what you personally voted for and allowed to happen because you didn't like the coat the other guy wears and believed all the propaganda.you were spoon fed by companies in who's financial interest it was to keep.things the way they are

 

 

What tosh. You don't pay tax on the proceeds of share sales as you state. Some countries the UK included charge CGT on the profit, if any, in excess of the annual allowance but that is completely different to what you state. Avoiding tax isn't wrong. We all take advantage of tax avoidance schemes whether they be pension contributions, ISA's etc.

[old'un]

******* set of robbing ********. Just sold something on eBay for £450. As ther reserve was £400 that cost £10 I think. Final fee value was £45 and PayPal had £15. £70 in all. That's a joke really. Far to expensive. They even take 10% of the money you get for postage. Won't be selling anything on there again.

I have used this site to sell a few things and its free...http://www.freeads.co.uk/

[Billy.]

I love these threads. People bash eBay for charging fees (which are clearly stated) and everyone suggests substandard websites with a fraction of the traffic and views that eBay receives.

 

For what you'd lose in offers and bids on these low ranking websites, you'd pay in fees with eBay. The plus side of eBay is the sheer volume of traffic searching for stuff, so you've got a chance of having an item bid up way above your expectations.

Edited June 6, 2017 by Billy.

[four-wheel-drive]

Going back to what the post was supposed to be about E-bay and Paypal charges some years ago I sold several things between £200 and £400 but was very disappointed with what I got after all of the charges had been deducted I buy stuff on there all of the time but never would bother selling on there again.

[viking]

I love these threads. People bash eBay for charging fees (which are clearly stated) and everyone suggests substandard websites with a fraction of the traffic and views that eBay receives.

 

For what you'd lose in offers and bids on these low ranking websites, you'd pay in fees with eBay. The plus side of eBay is the sheer volume of traffic searching for stuff, so you've got a chance of having an item bid up way above your expectations.

you are right billy, its the best place bar none to sell stuff, just sometimes rather expensive, if you sell something for £100 ebay and paypal fees would be £12, id accept that all day longif you sell a car for £5000 its £17.99 to list and a flat £20 fee,

 

Going back to what the post was supposed to be about E-bay and Paypal charges some years ago I sold several things between £200 and £400 but was very disappointed with what I got after all of the charges had been deducted I buy stuff on there all of the time but never would bother selling on there again.

it does seem to of gone off topic a little it was just a little late night rant

[Newbie to this]

Simply not true, not saying you are deliberately lying but seemingly successfully brainwashed by the msm (who are owned by the rich) :http://anotherangryvoice.blogspot.co.uk/2017/06/why-corporations-will-just-run-away-is.html

 

Where are they gonna go ? The big corporations need to be where the spending power is. If all capitalist countries demanded that the uber corporations pay fair tax out of the humongous profits that they make out of the middle class tax paying people there would be no shortage of money to pay towards the nhs or fill the potholes in our roads. The notion that it's OK for them not to pay because their employees pay tax is just ridiculous.

 

So it's all just a 'CAPITALIST' conspiracy to keep the rich, rich and the poor, poor.

 

I just don't get how anyone can have a problem with someone doing well in life, don't be jealous, see it as a learning curve and aspire to achieve something similar or just get on with life.

 

And I didn't say it's OK for them to NOT pay because their Employees do, it's OK because TAX Law allows it!

 

And as for the website! Well that's definitive proof, someone opinion!!

[Newbie to this]

it does seem to of gone off topic a little it was just a little late night rant

Sorry for hijacking the topic, I just don't get left wing conspiracy.

[Hamster]

So it's all just a 'CAPITALIST' conspiracy to keep the rich, rich and the poor, poor.

 

I just don't get how anyone can have a problem with someone doing well in life, don't be jealous, see it as a learning curve and aspire to achieve something similar or just get on with life.

 

And I didn't say it's OK for them to NOT pay because their Employees do, it's OK because TAX Law allows it!

 

And as for the website! Well that's definitive proof, someone opinion!!

 

YES YES YES we got there eventually.

 

I have done well in my life so don't have any problem with people doing well, in fact that is what I am trying to achieve by making the rich pay tax so the middle classes and those who actually work have better lives and functioning services. The taxes these parasites avoid paying all go into offshore accounts and are therefore out of circulation (trickle down is a load of old baloney). The real purpose of the obscene accumulation of wealth is INFLUENCE and CORRUPTION.

 

The reason the law allows tax loopholes and avoidance is said INFLUENCE and CORRUPTION .

 

The chart depicted the G7 tax rates, it is not an opinion, it is proof that the UK is by no means fleecing corporations they just don't like paying anything. If you want a working society then everyone has to pay, it's not jealousy just common sense.

[Walker570]

I would not touch paypal or ebay ...rip off merchants. Sorry to hear they have taken over Gumtree, but that just shows where their mind set is. I certainly don't mind paying a small admin fee, but the charges have gone beyond a joke.

[KB1]

 

YES YES YES we got there eventually.

 

I have done well in my life so don't have any problem with people doing well, in fact that is what I am trying to achieve by making the rich pay tax so the middle classes and those who actually work have better lives and functioning services. The taxes these parasites avoid paying all go into offshore accounts and are therefore out of circulation (trickle down is a load of old baloney). The real purpose of the obscene accumulation of wealth is INFLUENCE and CORRUPTION.

 

The reason the law allows tax loopholes and avoidance is said INFLUENCE and CORRUPTION .

 

The chart depicted the G7 tax rates, it is not an opinion, it is proof that the UK is by no means fleecing corporations they just don't like paying anything. If you want a working society then everyone has to pay, it's not jealousy just common sense.

 

 

 

Do you honestly believe that if the large corporations start paying their 'dues' that the working man will see any benefit in tax reductions, or better services? Personally, I think thats being a tad naive…….

 

One things for sure, if they didn't exist, many people wouldn't have jobs and revenue from the working man wouldn't be available.

 

Tax loop holes exist because people put them there; usually the same people who patronise us every day, telling us that the 'rich should pay higher taxes'…….. Try wearing a tin hat, and getting on with life; were only here for the blink of an eye

[Hamster]

 

 

 

Do you honestly believe that if the large corporations start paying their 'dues' that the working man will see any benefit in tax reductions, or better services? Personally, I think thats being a tad naive…….

 

One things for sure, if they didn't exist, many people wouldn't have jobs and revenue from the working man wouldn't be available.

 

Tax loop holes exist because people put them there; usually the same people who patronise us every day, telling us that the 'rich should pay higher taxes'…….. Try wearing a tin hat, and getting on with life; were only here for the blink of an eye

 

Yes I absolutely believe that, it's documented fact that tax avoidance and general white collar crime runs into trillions (vastly outstripping the media bogeymen in the shape of the disabled and benefits crime). It isn't just the reality of these lost revenues but the unquestionable corruption that it then harbours within governments.

 

Not really sure what the tin hat bit means, I believe tax avoidance hurts societies and whether or not I die makes no difference, it's still gonna hurt people afterwards.

[AVB]

Hamster - what's, in your opinion, an acceptable rate of tax for an individual to pay? And for a corporation?

Edited June 6, 2017 by AVB

[Hamster]

Hamster - what's, in your opinion, an acceptable rate of tax for an individual to pay? And for a corporation?

 

I honestly don't pretend to know the right answer, I believe in following the law which we as PAYE have no choice in anyway so 20-40% odd percent gets deducted at source, lovely. I think Ltd companies pay 25% corporation tax on profits, this is after all the deductables such as wages, fixed costs, utilities, loans, etc, etc, so directors have every chance to milk things a bit and pay themselves handsomely (which they deserve) and by and large ordinary companies and sole traders do pay.

 

My point is when we get the likes of FBook, Starbucks, Amazon, Google who utilise purposely placed loopholes to avoid paying billions of pound worth of tax, there already exists known percentages which they are meant to pay but don't, for instance Amazon uses (Ireland I think) as its supposed financial base; this cheats us from benefiting from the re-circulation of money/tax which was earned through us in the first place. I think if you earn money inside a given country then the population of that country deserves to see a return of some taxes to be spent on its infrastructure otherwise you're just going to haemorrhage money one way.

 

How much money is enough in the end ? Unless you have a prosperous middle class then the business model of bleeding everything dry will come to a grinding halt. This is my gripe with rampant, unregulated and predatory capitalism.

[Billy.]

My point is when we get the likes of FBook, Starbucks, Amazon, Google who utilise purposely placed loopholes to avoid paying billions of pound worth of tax, there already exists known percentages which they are meant to pay but don't, for instance Amazon uses (Ireland I think) as its supposed financial base; this cheats us from benefiting from the re-circulation of money/tax which was earned through us in the first place. I think if you earn money inside a given country then the population of that country deserves to see a return of some taxes to be spent on its infrastructure otherwise you're just going to haemorrhage money one way.

 

I appreciate that you're saying these companies aim for countries where they can make the most of tax havens, but it's worth looking at the hundreds of thousands of jobs they create, which brings wealth to the communities and the employees that are taxed on their wages. If these companies were forced out due to tax hikes/loophole closures, you'd see some serious issues with job losses, which would disrupt the local economy. In fact, I bet that there are quite a few towns resting on these big companies staying in the local area.

Edited June 6, 2017 by Billy.

[Lloyd90]

 

I appreciate that you're saying these companies aim for countries where they can make the most of tax havens, but it's worth looking at the hundreds of thousands of jobs they create, which brings wealth to the communities and the employees that are taxed on their wages. If these companies were forced out due to tax hikes/loophole closures, you'd see some serious issues with job losses, which would disrupt the local economy. In fact, I bet that there are quite a few towns resting on these big companies staying in the local area.

 

It's like the car companies, in America places like Flint Michigan had huge employment due to the car companies. When they went to Mexico because of lower costs and labour entires cities were left unemployed.

Similar in Wales and up North when closing the mines. They're so massive the effect on the economy of losing them is monumental.

 

I still think the U.K. tax system needs re-writing and simplifying massively however, loopholes need to be closed and people pay their fair share, we just need to make sure it's done properly, not by some communist nut-job shouting about how we can have free everything and 'the rich' will pay for it all!

[Mice!]

I do enjoy it when a thread wanders off.

 

Been trying to find out numbers employed by Amazon in UK, I could only find a figure of 6000 in 2014 so its probably treble that now.

 

They might not be paying what they should in our eyes but if they did one an awful lot of people would be in dire straights.

 

Think when Woolworths shut and Bhs?

Not specialist industries but lots of folk affected

[Hamster]

 

I appreciate that you're saying these companies aim for countries where they can make the most of tax havens, but it's worth looking at the hundreds of thousands of jobs they create, which brings wealth to the communities and the employees that are taxed on their wages. If these companies were forced out due to tax hikes/loophole closures, you'd see some serious issues with job losses, which would disrupt the local economy. In fact, I bet that there are quite a few towns resting on these big companies staying in the local area.

 

Sorry but that is a totally spurious argument and has already been dispelled in an earlier post, there IS nowhere else for them to go, we already are among the cheapest places for company tax THEY JUST DON"T LIKE PAYING EVEN THAT.

 

So according to that logic why should any company pay any tax ! I mean there must be companies in the UK that employ thousands of people (real full time jobs by the way because dodgy zero hour and slavery wage/conditions are another debate we can get into regarding Amazon) who pay their taxes on time and in full ! Should these suddenly throw a hissy fit and say they'll move abroad if we don't let them steal tax money ? Why not extend that to companies employing 500 or a mere 30 employees ? Amazon and Starbucks earn money from us and they wouldn't leave if you paid them, people are just so naive. Companies spend millions to get INTO countries, they never ever leave ones they're earning money from.

 

The same nauseating lie has been perpetuated by another group of charlatans for decades now, yes bankers who keep saying they'll leave for richer shores if we don't let them pay themselves ludicrous wages and even more ludicrous bonuses on top of that because they're somehow worth it. Regulated capitalism would stop all that nonsense, there'd be a cap on a bank workers earnings in every developed country. The reason you think that's not possible and will halt progress/profits/blah blah is that CORRUPTION I was talking about they have brainwashed you to think so via the msm which they own. The rich look after the rich.

 

Kill a man and you're a murderer, kill a million and you're a conquerer. They're deceiving you, if they pay no tax someone else has to pay a bit more or suffer with decreased funding for potholes, schools, nhs, police........................................

 

Amazon - 40000 employees in Europe, 14000 in UK, do you honestly think they'll go if they had to pay fair taxes ? Which continent on which planet ?

Edited June 7, 2017 by Hamster

[Billy.]

 

Sorry but that is a totally spurious argument and has already been dispelled in an earlier post, there IS nowhere else for them to go, we already are among the cheapest places for company tax THEY JUST DON"T LIKE PAYING EVEN THAT.

 

So according to that logic why should any company pay any tax ! I mean there must be companies in the UK that employ thousands of people (real full time jobs by the way because dodgy zero hour and slavery wage/conditions are another debate we can get into regarding Amazon) who pay their taxes on time and in full ! Should these suddenly throw a hissy fit and say they'll move abroad if we don't let them steal tax money ? Why not extend that to companies employing 500 or a mere 30 employees ? Amazon and Starbucks earn money from us and they wouldn't leave if you paid them, people are just so naive. Companies spend millions to get INTO countries, they never ever leave ones they're earning money from.

 

The same nauseating lie has been perpetuated by another group of charlatans for decades now, yes bankers who keep saying they'll leave for richer shores if we don't let them pay themselves ludicrous wages and even more ludicrous bonuses on top of that because they're somehow worth it. Regulated capitalism would stop all that nonsense, there'd be a cap on a bank workers earnings in every developed country. The reason you think that's not possible and will halt progress/profits/blah blah is that CORRUPTION I was talking about they have brainwashed you to think so via the msm which they own. The rich look after the rich.

 

Kill a man and you're a murderer, kill a million and you're a conquerer. They're deceiving you, if they pay no tax someone else has to pay a bit more or suffer with decreased funding for potholes, schools, nhs, police........................................

 

Amazon - 40000 employees in Europe, 14000 in UK, do you honestly think they'll go if they had to pay fair taxes ? Which continent on which planet ?

I'm not going to reply to that wall of verbal diarrhoea. You've clearly got your mind made up about the whole thing, so there's no point me putting my views forward.

[Hamster]

I'm not going to reply to that wall of verbal diarrhoea. You've clearly got your mind made up about the whole thing, so there's no point me putting my views forward.

 

It's factual diarrhoea though . Tis not the first time I've had people quietly run away whilst using insults to make themselves feel clever.

[Newbie to this]

No running away here, just can't deal with left wing conspiracy theorists, it's like banging your head against a wall, you can only see your side of the debate, and refuse to see you MAY be wrong.

When your greatest argument is 'main stream media is part of the cover up' we can even look up the facts, because they can't be found on trusted websites, only conspiracy ones.

 

We will have to agree to disagree. If your moral code allows for other people to have different opinions to you!

[Hamster]

No running away here, just can't deal with left wing conspiracy theorists, it's like banging your head against a wall, you can only see your side of the debate, and refuse to see you MAY be wrong.

When your greatest argument is 'main stream media is part of the cover up' we can even look up the facts, because they can't be found on trusted websites, only conspiracy ones.

 

We will have to agree to disagree. If your moral code allows for other people to have different opinions to you!

 

Yes no probs with that.