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Coman Wrote:

-------------------------------------------------------

> Please read my article for analysis on how this

> budget affects you as a taxpayer, employee and

> business owner;

>

> 2013 Budget


I can't find the bit on LLPs avoidance? Can you post it here?

The government wants to consult with LLPs particularly in large law firms where the LLP has corporate partners through which profits are channeled to the beneficial owners of the business. Another form of avoidance is through loss relief to the partners on failed LLPs.


The aim is to introduce anti-avoidance legislation, although final details of any proposals have not yet been published.


Occasionally similar arrangements may suit smaller business.

Did anyone's analysis say the the Budget was a piss in the wind that'll do sweet FA to the big picture - tinkering, infact giving small handouts to try and get re-elected whilst our debt stays as is and growth is almost non-existent. We need something radical and soon but no-ones got the balls (including the culpable man of the same name on the opposite bench) and the electorate doesn't want the pain that we need....i can see years of this ahead.
...why pensioners get nothing cut is beyond me, everyone acts like they are the wartime generation when infact many of them are asset and cash rich baby boomers with great final salary pensions...but touch them and the papers (of all persuasion) will be full of pictures of Gideon's hand in an old ladies purse. Winter fuel allowance for hordes of this group is a joke - means test it.

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