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TroyinEwa/Perv
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Count your self lucky.

In Middle Earth, the banks must hold your IRD (TAX) number.

And deduct at source, the income tax on any income that they pay to you as interest.

If they don't have this IRD (TAX) number, they deduct at a higher rate, if they have the details they deduct at the appropriate rate for your income level/tax code.

So anyone with half a brain at the tax department, could work out the income from interest by looking at the tax paid.

But here in NZ we don't keep all our taxes in a Jar on the mantelpiece and voluntarily hand them over at the end of the year, we tend to hand them over at impost.

Tax avoidance is still a sport, but for the clever. See Farnarkeling

Farnarkeling is a sport which began in Mesopotamia, which literally means ‘between the rivers’. This would put it somewhere in Victoria or New South Wales between the Murray and the Darling. The word Farnarkeling is Icelandic in structure, Urdu in metre and Celtic in the intimacy of its relationship between meaning and tone.

Farnarkeling is engaged in by two teams whose purpose is to arkle, and to prevent the other team from arkeling, using a flukem to propel a gonad through sets of posts situated at random around the periphery of a grommet.

Arkeling is not permissible, however, from any position adjacent to the phlange (or leiderkrantz) or from within 15 yards of the wiffenwacker at the point where the shifting tube abuts the centre-line on either side of the 34 metre mark, measured from the valve at the back of the defending side’s transom-housing.

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6 hours ago, Coss said:

But here in NZ we don't keep all our taxes in a Jar on the mantelpiece and voluntarily hand them over at the end of the year, we tend to hand them over at impost.

Surely not all of NZ does such, only employees on a PAYE (Pay as You Earn) tax model but not sole traders or limited companies. 
In the UK tax avoidance is a sport for the masses, over 16% of UK workers are self employed, at the same end of the day it is preferable to pay an accountant 10% than the Inland Revenue 30%.

The buggers are trying to make it harder with IR35 which was imposed on the Public Sector (i.e. Highways, Nuclear etc) in 2017 and Private Sector this year. 
https://en.wikipedia.org/wiki/IR35

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5 minutes ago, Mekong said:

Surely not all of NZ does such, only employees on a PAYE (Pay as You Earn) tax model but not sole traders or limited companies. 

All business, pays a "provisional tax" periodically through the year, roughly based on the same period last year. GST is instant or at most monthly.  Once the financial year ends, we then balance the books and pay, or receive a refund, of any difference between provisional payments and the actual amount required.

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Some reality...

Biden has released over 160,000 illegals/unvaccinated people into the USA, since March 2021...
Biden is paying Millions USD to NOT build additional border wall...  
CDC reports that 80% of the unvaccinated are non-whites...
Biden shut down the drilling on Federal land, now the USA is importing energy products @ almost 300% higher prices...
Biden's polices have resulted in the highest inflation in 30+Years...
Biden's Covid polices have killed more in 8-Months w/vaccine.  Than those that died while Trump was paying to have the vaccine developed... 
Let's Go Brandon.....

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4 hours ago, Coss said:

All business, pays a "provisional tax" periodically through the year, roughly based on the same period last year. GST is instant or at most monthly.  Once the financial year ends, we then balance the books and pay, or receive a refund, of any difference between provisional payments and the actual amount required.

Totally different I see. The trick in the UK is to take a salary of £12,000 per annum and declare for PAYE, tax rate is 0%, the rest through the company. Put everything you can through the company, it is amazing what can be claimed. At the end of the year Corporation Tax which is paid on profits is 19%, Income tax is 20% between 12,751-50,270 and 40% 50,271-150,000, quite a saving.

Corporation Tax is due within 9 months of end of financial year,  VAT is payable quarterly. It did help that my mother was a retired accountant.

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3 hours ago, Mekong said:

Totally different I see. The trick in the UK is to take a salary of £12,000 per annum and declare for PAYE, tax rate is 0%, the rest through the company. Put everything you can through the company, it is amazing what can be claimed. At the end of the year Corporation Tax which is paid on profits is 19%, Income tax is 20% between 12,751-50,270 and 40% 50,271-150,000, quite a saving.

Corporation Tax is due within 9 months of end of financial year,  VAT is payable quarterly. It did help that my mother was a retired accountant.

We  have a differing personal tax rates and company tax rates and do what you described, they made the company tax rate the slightly less (28%) than the top personal rate (30%) and now people draw a salary up to the top personal rate kick in point,  and then put the rest through the company.

 

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here y'go Cav, you've proffered Yahoo news before, this must be true...

the first of many:

Trump to be deposed Monday in protesters' lawsuit claiming assault by his security guards

Former President Donald Trump has been ordered to give testimony under oath Monday in a lawsuit brought by a group of demonstrators who say his security guards roughed them up outside Trump Tower in New York.

The suit is one of at least 10 civil cases pending against Trump. The videotaped deposition — which will be played as Trump's testimony when the case goes to trial — will be his first since he was elected president in 2016....

 

https://news.yahoo.com/trump-deposed-monday-protesters-lawsuit-185014640.html

or

https://www.google.com/search?client=safari&rls=en&q=Trump+to+be+deposed+Monday&ie=UTF-8&oe=UTF-8

 

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