chrysostom wrote:ess wrote:The figures aren't out yet but in other schemes people were only paying 1% tax on earning so I doubt this scheme will be much different and will almost certainly be significantly less % tax than normals pay.
Bear in mind we don't know whether the scheme itself was successful or how much was invested in the period which lasted less than 12 months before Chris pulled out.
http://www.telegraph.co.uk/news/celebri ... cheme.html
A new article in the Telegraph about this.
Suggests that Moyles probably wasn't using it for his BBC earnings as he's contractually obliged to pay 'the appropriate amount of tax' on that income.
Well its pretty neutral if he put BBC earning in tax avoidance, as we don't know if he has or not.
It's irrelevant whether the scheme is successful or not, its still attempting to use schemes that are setup purely to make tax evasion legal.