ScrumpyJack’s Activity

Yesterday

NL

Boards Post

ScrumpyJack replied to the Paulypilot's Pub - Other Stuff board. 08:29

Re: It's the share holders fault!

Haldane harks back to 1970 when corporation tax was 45% and a further tax levied on dividends, effectively double taxation. Any wonder, then, that a much smaller fraction of profits were paid as dividends than is the case today?

Also [more]

Wed Jul 22

NL

Boards Post

ScrumpyJack replied to the High Yield - HYP Practical board. 21:47

Re: Capita's latest Dividend Monitor

Dividends have always been paid out of post-Corporation-Tax profits.


Well they are in the sense that dividends are never a deduction in computing the profit for corporation tax purposes. Companies may find the cash to pay [more]

NL

Boards Post

ScrumpyJack replied to the High Yield - HYP Practical board. 16:33

Re: Capita's latest Dividend Monitor

Briefly, that Income Tax was no longer effectively deducted at source from dividend payments - instead, dividend payments were taken from the company's post-Corporation-Tax profits rather than effectively from its pre-Corporation-Tax profits. I.e. [more]

NL

Boards Post

ScrumpyJack replied to the Investment Trusts & Unit Trusts board. 15:41

Re: Murray International

I'd be happy with "MYI holds n% in XYZ and that's dropped x% recently, m% in ABC and that's dropped...." etc. You know, simply facts.

Yes that sort of factual information would account for a fall in the share price in line [more]

Mon Jul 20

NL

Boards Post

ScrumpyJack replied to the Paulypilot's Pub - Share Ideas board. 11:06

Re: Trading Updates

If you set up your portfolio in Google finance it then displays a list of upcoming events for the next few months for all items in your portfolio and there is a button to get these automatically put in your Google calendar. (You ony need to list your [more]

Thu Jul 16

NL

Boards Post

ScrumpyJack replied to the Paulypilot's Pub - Share Ideas board. 15:47

Re: Vislink - Value Creation Plan

Simon Thompson, in his on line column for the IC has today posted a detailed piece on VLK mentioning the discontent of shareholders and details of the scheme. Regrettably he concludes that the potential operational upside outweighs the negative [more]

NL

Boards Post

ScrumpyJack replied to the Bert's Investor Sanctuary board. 13:24

Re: What did Tsipras propose?

Germany is an excellent example of how not having to continually service large loans generates prosperity. Amazingly they have done this while still having world class services although not much of a army, navy, airforce or nuclear [more]

Wed Jul 15

NL

Boards Post

ScrumpyJack replied to the Pensions - Practical Problems board. 17:33

Re: State pension - top up

Can anyone explain the interaction of deferring the state pension and topping up the state pension (Class 3A route). The only way it makes sense is if the top up (of up to £25 pw) is paid at once while the rest of the state pension is [more]

Tue Jul 14

NL

Boards Post

ScrumpyJack replied to the TSB Banking Group plc board. 11:07

Re: Tax - bonus shares

It is certainly not a dividend and so cannot have a tax credit. As far as I can see it is an incentive payment by Lloyd's to help persuade people to buy and hold TSB shares. As such I would expect it to be treated as part of the proceeds for CGT [more]

NL

Boards Post

ScrumpyJack replied to the Investment Trusts & Unit Trusts board. 10:34

Re: Dodge on tax on dividends

But the bigger problem is multinational Corps. where vast sums are claimed to be generated overseas and zero profits on sales here. If they really made zero profit here, it seems to me they wouldn't have business and would go bust. Charging your [more]

NL

Boards Post

ScrumpyJack replied to the Investment Trusts & Unit Trusts board. 08:24

Re: Dodge on tax on dividends

Interesting. I thought it always was the principle that if you did something purely to avoid tax and not for clear business necessity, the HMRC could come and get you - from many years back. Either I dreamt it, or the HMRC find it too difficult [more]

Mon Jul 13

NL

Boards Post

ScrumpyJack replied to the BHP Billiton PLC board. 13:41

Re: Blind spot

I need to ask as I'm clearly unable to acknowledge it due to thinking that BHP is a bargain at the current levels.

Whether it's a bargain at current prices, or a value trap, depends on the future outlook for commodity prices. There [more]

NL

Boards Post

ScrumpyJack replied to the Investment Trusts & Unit Trusts board. 13:34

Re: Dodge on tax on dividends

Tax avoidance is a practice of using legal means to pay the least amount of tax possible. This is different to tax evasion which is the practice of using illegal methods to avoid paying tax.
Tax Avoidance Definition from Financial Times [more]

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Boards Post

ScrumpyJack replied to the Paulypilot's Pub - Macro Topics board. 12:40

Re: Poll: Making an example of Greece?

Strange, nobody seems to be talking about Game Theory anymore. Perhaps Tsipras and Varufakis have finally realised this isn't a game, at massive cost to the Greek people unfortunately.

Sun Jul 12

NL

Boards Post

ScrumpyJack replied to the Property - Markets and Trends board. 10:54

Re: Inheritance Tax Break

No mention of reducing the most ludicrous IHT break - Business Assets. This means if you are James Dyson you put £200m into agricultural land and you can then pass the whole lot free of IHT to your children. Quite absurd!

Fri Jul 10

NL

Boards Post

ScrumpyJack replied to the Help with this Blasted Computer! board. 19:07

Re: Kaspersky or AVG? And McAfee

That said, as a Barclays customer I'm tempted by Kaspersky for my p.c. (the only hardware that I use for on-line banking, broking etc) as it's the bank's recommendation.

They not only recommend it, they give you a free licence for it [more]

NL

Boards Post

ScrumpyJack replied to the Barclays plc board. 15:43

Re: Chief Executive Antony Jenkins - departure

My thought is that if Antony Jenkins was brought into clean up the business I hope the new guy doesn't take it back to the old way of doing things with eventual fines, compensation etc.

I doubt it, he did an excellent job of sorting [more]

NL

Boards Post

ScrumpyJack replied to the Brokers and Share Dealing board. 12:55

Re: New dividend taxes

There are a lot of unanswered questions about how this is going to work, eg if all your income is dividends and is over £5,000 how does the dividend tax interact with the personal allowance? Do you in effect lose the personal allowance and also [more]

Wed Jul 8

NL

Boards Post

ScrumpyJack replied to the Economic Markets & Trends board. 21:04

Re: Tax-free dividends?

the 7.5% tax will introduce double taxation of dividends for basic rate tax payers since dividends are paid out of post-tax profits.

There has always been double taxation of dividends, though it has been less since the current system [more]

NL

Boards Post

ScrumpyJack replied to the Paulypilot's Pub - Macro Topics board. 10:30

Re: Grexit

Do you want to have a rethink of your post-Glasto blast, ScrumpyJack?

60% "No" is pretty bloody resounding, whatever the junior sribbler at Citibank may have expected.


Even Tsipras expected the referendum to return [more]

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Boards Stats & Trivia

Big red star, 1000 posts
Board Posts 1369
Recs Received 4812
People who have rec'd these posts 1063
Recs to Posts Ratio (last 30 days) 5.00
Threads Started 48
Threads Started Percentage 3.51 %
Most Frequent Board Equitable Life Support
Very First Post Re: Article: Whitbread Goes Teetotal (19/10/2000)
Percentage of Posts Rec'd 73.34 %
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