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April 16th, 2012 
FAKE NEWS for the Zionist agenda
By
Daily Mail Reporter
17:51 EST, 15 April 2012
|
17:51 EST, 15 April 2012
Two-thirds of Coalition MPs want George Osborne to drop his controversial charity tax grab, a survey revealed last night.
And it seems they will get their way after ministers signalled an impending climbdown on the issue.
The ComRes survey of MPs, commissioned by the Charities Aid Foundation, suggested the Chancellor would have to move swiftly on the issue to avoid a full-scale rebellion by his own MPs.
Two-thirds of Coalition MPs want George Osborne to drop the plans while Lord Fink, said that
‘by definition’ it would slash the amount of money charities
receive
Of 71 Conservatives and Liberal Democrat backbenchers, 65 per cent agreed that ‘tax relief on charitable donations should be exempt from the proposed cap’.
The poll reflected widespread discontent on the Government benches with the Budget measure, which has been condemned by hundreds of charities.
Conservative MP Zac Goldsmith yesterday said he was ‘ashamed’ that his party appeared to have ‘declared war’ on the very people who should be at the heart of the Government’s Big Society project.
Former Tory leadership contender David Davis said the measure, which would cap tax relief for charitable donations, was a ‘tax without friends’.
THE TREASURY BLASTS BACK…
Many millionaires are exploiting tax relief on issues such as charitable giving to slash their income tax rate to less than 10 per cent, the Treasury insists.
In a surprise move yesterday, it released figures showing that a small proportion of the super-rich pay single figures by exploiting ‘generous’ tax reliefs.
However the figures do not reveal the extent to which millionaires are exploiting the tax relief on charitable giving. Nor do they show whether anyone is abusing the relief to dodge tax.
The figures show that of those earning more than £10million in 2010-11, 6 per cent cut their tax rate to single figures, with a further 3 per cent paying below the basic 20 per cent rate levied on most taxpayers.
Some 72 per cent paid tax at more than 40 per cent on their income.
The Treasury has persistently refused to say how many individuals it believes are exploiting the tax relief on charitable giving for private gain.
This is despite the Mail requesting the information for six consecutive days.
And Conservative Party treasurer Lord
Fink, one of the country’s most generous supporters of good causes, said
that ‘by definition’ the move would slash the amount of money charities
receive.
A philanthropic organisation with close links to Prince Charles also warned that the new cap would reduce giving.
Philip
Spedding, director of Arts and Business, said: ‘I would be very
surprised if the prince didn’t share everyone’s concerns about the
developments because he’s someone who cares very passionately about
culture and encouraging people to give. I can imagine he would find it
worrying.’
The new
proposals would cap the amount an individual can give to charity before
incurring tax at £50,000 a year or a quarter of total income, whichever
is higher.
Ministers claim the scheme remains ‘generous’ and will prevent abuse by individuals who give money to questionable charities, often abroad, to avoid tax.
The Treasury argues that some wealthy individuals are able to cut their income tax liability to almost nothing by making donations to sometimes dubious charities.
However Foreign Secretary William Hague said the Treasury was ‘looking at’ ways to reduce the impact of the measure on genuine charities.
Deputy Prime Minister Nick Clegg defended the scheme, saying it was ‘not right’ that some super-rich individuals were able to exploit the reliefs to cut their income tax bills ‘to almost nothing’.
The proposal is part of a so-called ‘Tycoon Tax’ initiative championed by Mr Clegg to ensure the rich pay at least a minimum rate of income tax.
But former Lib Dem leader Sir Menzies Campbell said it risked damaging universities, which rely heavily on big donations from wealthy individuals.
Almost 1,000 charities have now come out publicly against the charity cap, as has the Lib Dem Business Secretary Vince Cable.
In an open letter yesterday, 46 wealthy donors including members of the Sainsbury family urged a rethink.
‘The proposal is a brake on philanthropy that may deter future donors,’ they wrote. ‘It is confusing and dispiriting, and we urge the Prime Minister and Chancellor to think again.’
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Minor tactics. Lesson 1. Why are we laying smoke on the left flank sir, that is not where the problem is. I know that Mister and you know it but they will all be looking to see through the smoke whilst we get on with what we really wish to do.
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Would be interesting to find out the percentage of giving is taken up by salaries.
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The rich persons definition of a philanthropist is someone who doesn`t want to pay tax on their earning but instead gives it to a charity of their own choice. Thereby making them look good and the promise of a gong into the bargain. My definition of a philanthropist is someone who pays their taxes like the rest of us which helps pay for our hospitals, schools etc and then anonymously donates all or some of what is left over to worthwhile causes.
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I take the 35% who do not oppose are benefiting in their tax planning (tax fiddling) to some tune!
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Simple ; – – Leave some tax relief But only on genuine BRITISH charities
based here in the UK. SOLVED.
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I hope they all take into account the fact that the UK is financially almost ‘bust’! Everyone and everything must bear the brunt of the restoration to financial sanity! The UK and its people have been living beyond their means too long. Remedial medicine and medical care are not always necessarily pleasant!
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’65 per cent of Coalition MPs shun Osborne’s charity grab’————– But the vast majority of voters take the view, everybody can still give to charity AFTER they have paid their full income tax! Gideon is right on this point! I have just heard multi millionaire Tory MP Zak Goldsmith going on about it. He is a none dom when it comes to tax! TAX FIRST CHARITY SECOND! Remember that you SHAMARITANS!
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The 65% of co-alition MP’s are not against any ‘tax-grabs’ from pensioners though are they? And they would rather taxpayers money go into the pockets of the very wealthy than be used for the good of everyone.
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How much, in total, have the taxpayers handed to these ‘charities’ and millionaire ‘donors’ in the ast decade. Must run into billions. Can we have a list of those MP’s that don’t want wealthy people to pay their fair share of taxes. Lets see if they are linked to any ‘charities’ themselves.
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Surely any abuse of the donation system can be eliminated by making sure that tax relief is ONLY given for donations made to charities approved by the UK charities commission. This sets very rigid standards for charitable organisations and there can be no question of money being given to overseas charities of dubious validity.
– The History Man, France, 16/4/2012 8:35——This is just what happens now. HM Revenue will ONLY deal with Charities properly Registered with the Charity Commission. The Commission will only register charities if they have PUBLIC CHARITABLE OBJECTIVES [Private Charitable/Discretionary Trusts stand no chance of being registered]. Generally the must be set up as Limited Companies with proper charitable objectives set out in their Memorandum and Articles of Association. It would be IMPOSSIBLE to Register a Private Charitable Trust created in Romania in the UK. Not Registered here then The Revenue would not entertain any claim from the charity.
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