Tory Peer Bamford under HMRC investigation for £500m

[sugerbear]

This one has flown under the radar.

Lord Bamford (of JCB fame) has had to resign.. oops i meant retire from the house of lords as, totally unrelated of course, he is under investigation by HMRC for £500m of unpaid tax. Which is nice.

Tory donor, brexit supporter, (alleged) tax dodger.

I expect there will be fifty pages of outrage now.

[sugerbear]

mac96 said:

While I don't agree with his politics it's worth bearing in mind what this man has achieved. He is not some characture parasite Tory peer.
His father created JCB from nothing; Lord Bamford made it the multinational success it is today.
We need more people like him so I really hope HMRC know what they are doing.

The ends don't justify the means.

[sugerbear]

Hammersia said:

Tankrizzo said:

Odd story this. Nothing seems to have come of it since last year, Guardian uncharacteristically quiet after publishing it, not even a follow-up.

My thoughts are the same towards this as Rayner, if he's done something wrong then chuck the book at him, until then, move on.

It's not a current story, OP was one of the staunch Raynor defenders in that thread, hence this desperate Hail Mary post.

So no need to resign until conviction? Is that how it works?

[sugerbear]

119 said:

mac96 said:

Killboy said:

mac96 said:

Brexit is one reason why I said I didn't agree with his politics. Although if you owned a business whose main operations were in UK USA and India you might have been a Brexiteer, at least it was logical.
Anyway when you consider the jobs he has created, the taxes paid, the individual positive acts (eg creation of a school in Rocester) I think he can be forgiven those views.

Eeeeer.

Well, he may or may not have paid the correct amount of tax. We will see. As others have pointed out, HMRC do not have an immaculate track record here..
But he and his business will have generated a huge volume of tax over the years.

I bet he/his company have paid more than all of us put together.

I guess you are on of those law and order types.

[sugerbear]

119 said:

valiant said:

So why the earlier comment?

He earns a lot and his company makes a lot so shouldn't they pay what's owed just like the rest of us?

It hasn’t been established if he does owe anything yet.

All that’s happening is it is currently being investigated.

for the last three years, I am sure that it all a nothing burger, am I right?

[sugerbear]

mac96 said:

Skeptisk said:

mac96 said:

While I don't agree with his politics it's worth bearing in mind what this man has achieved. He is not some characture parasite Tory peer.
His father created JCB from nothing; Lord Bamford made it the multinational success it is today.
We need more people like him so I really hope HMRC know what they are doing.

I think that the 11,000 employees contribute somewhat to the group’s success.

Having just checked the tax affairs of the group seem a bit dubious, to say the least.

Of course they do, but they are only in those jobs thanks to Lord Bamford and his father .
Complex tax yes, whether within the rules we will see. Maybe.

Lord Bamford and his father are only rich because of the poeple they employ, so they should quite rightly be very thankful there is a workforce that is prepared to work for them.

Without those people Lord Bamford would be Mr Bamford and Mr Bamford making excavators in their shed (very slowly). They should be eternally gratful to the hard work and dedication of their employees for making them as rich as they are.

[sugerbear]

av185 said:

sugerbear said:

Lord Bamford and his father are only rich because of the poeple they employ, so they should quite rightly be very thankful there is a workforce that is prepared to work for them.

Without those people Lord Bamford would be Mr Bamford and Mr Bamford making excavators in their shed (very slowly). They should be eternally gratful to the hard work and dedication of their employees for making them as rich as they are.

Yep their enormous wealth is nothing to do with their business skills and entirely because of their dedicated workforce.

Ah yes, the idea that those two alone managed to manage an entire workforce of mindless drones to do their bidding. No salespeople were ever involved, no mechanics, no engineers, no workers, cleaners etc etc no one ever came up with their own ideas, it was of course entrely down to the Bamford and son.

[sugerbear]

uk66fastback said:

sugerbear said:

Lord Bamford and his father are only rich because of the poeple they employ, so they should quite rightly be very thankful there is a workforce that is prepared to work for them.

Without those people Lord Bamford would be Mr Bamford and Mr Bamford making excavators in their shed (very slowly). They should be eternally gratful to the hard work and dedication of their employees for making them as rich as they are.

Yes, comrade … ffs!

I am full commi for suggesting that it was through the work of everyone at JCB that it became what it is. fgs.