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'We weren't trying to avoid tax – but now our lives are in ruins'

Every call was the same. “Call after call, all of them were totally distressed, some crying. If they were crying, I’d tell them to get a cup of tea and I would talk until they were ready to speak.

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BBC News

i think our big concern is that the public's basically been double—crossed. it looks on first blush as if the post office has been underpaying its taxes and overpaying its bosses, and, frankly, that's what we've got to get to the bottom of this week. the post office said its financial information was appropriate and accurate, but its latest accounts state that it is engaged in discussions with the tax office regarding potential tax liabilities. an adverse outcome, it says, could be material. that could mean the post office is liable for up to £100 million in unpaid tax. now, if enforced, that could render the business technically insolvent — although the government is the ultimate owner and could step in. for those like janet skinner, who have had their lives ruined, it's yet another insult. do you know what? anything that they do doesn't surprise me in the slightest. undercutting their taxes but still able to pay themselves bonuses? i think it's absolutely disgraceful.

Post-office , Taxes , Bosses , Blush , Bottom , Public , Concern , Tax , Tax-office , Outcome , Discussions , Information

BBC News

state that it is engaged in discussions with the tax office regarding potential tax liabilities. an adverse outcome, it says, could be material. that could mean the post office is liable for up to £100 million in unpaid tax. now, if enforced that could render the business technically insolvent, although the government is the ultimate owner and could step in. for those like janet skinner, who have had their lives ruined, it's yet another insult. do you know what — anything they do doesn't surprise me in the slightest. undercutting their taxes but still able to pay themselves bonuses? i think it's absolutely disgraceful. they should never have been allowed to pay themselves bonuses because of everything that's going on. as more and more details of the horizon it scandal are laid bare at the ongoing public inquiry, fresh questions and fresh anger over how the post office has been run. marc ashdown, bbc news.

Post-office , Tax , Tax-office , Outcome , Tax-liabilities , Discussions , Material , 100-million , 00-million , Government , Janet-skinner , Business

BBC News

i think our big concern is that the public's basically been double—crossed. it looks on first blush as if the post office has been underpaying its taxes and overpaying its bosses, and, frankly, that's what we've got to get to the bottom of this week. the post office said its financial information was appropriate and accurate, but its latest accounts state that it is engaged in a discussion with the tax office regarding potential tax liabilities. an adverse outcome, it says, could be material. that could mean the post office is liable for up to £100 million in unpaid tax. now, if enforced, that could render the business technically insolvent — although the government is the ultimate owner and could step in. for those like janet skinner, who have had their lives ruined, it's yet another insult. do you know what? anything that they do doesn't surprise me in the slightest. undercutting their taxes but still able to pay themselves bonuses? i think it's absolutely disgraceful. they should never have been allowed

Post-office , Taxes , Public , Concern , Bosses , Blush , Bottom , Outcome , Tax-office , Discussion , Information , Accounts

BBC News

in discussions with the tax office regarding potential tax liabilities. an adverse outcome, it says, could be material. that could mean the post office is liable for up to £100 million in unpaid tax. now, if enforced, that could render the business technically insolvent — although the government is the ultimate owner and could step in. for those like janet skinner who have had their lives ruined, it's yet another insult. do you know what? anything that they do doesn't surprise me in the slightest. undercutting their taxes but still able to pay themselves bonuses? i think it's absolutely disgraceful. they should never have been allowed to pay themselves bonuses because of everything that's going on. as more and more details of the horizon it scandal are laid bare at the ongoing public inquiry, fresh questions and fresh anger over how the post office has been run. marc ashdown, bbc news. and we can now speak to janet skinner, who you saw in that report.

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BBC News

that means at their real tax bill is a lot higher. that means at their real tax bill is a lot higher-— a lot higher. that means that bonuses paid _ a lot higher. that means that bonuses paid to _ a lot higher. that means that bonuses paid to executives . a lot higher. that means that l bonuses paid to executives for running supposedly profitable businesses should be looked at again. it businesses should be looked at aaain. . , businesses should be looked at a.ain_ , , businesses should be looked at aaain. , , ., ., again. it has stoked yet more anger and there is — again. it has stoked yet more anger and there is cause _ again. it has stoked yet more anger and there is cause now— again. it has stoked yet more anger and there is cause now for- again. it has stoked yet more anger and there is cause now for some . again. it has stoked yet more anger and there is cause now for some of| and there is cause now for some of that money to be paid back. i and there is cause now for some of that money to be paid back.- that money to be paid back. i think our big concern _ that money to be paid back. i think our big concern is _ that money to be paid back. i think our big concern is that _ that money to be paid back. i think our big concern is that the - that money to be paid back. i think our big concern is that the public . our big concern is that the public is basically— our big concern is that the public is basically been double—crossed. it looks_ is basically been double—crossed. it looks as _ is basically been double—crossed. it looks as though the post office has been undertaking its taxes and overpaying its buses, and frankly that is_ overpaying its buses, and frankly that is what we have got to get to the bottom of this week. the post office said its _ the bottom of this week. the post office said its financial _ office said its financial information was appropriate and accurate, but its latest accounts say it is engaged in discussion with the tax office regarding potential tax liabilities and an adverse outcome could be material. that could mean the post office is liable to up to £100 million in unpaid tax.

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BBC News

i think our big concern is that the public's basically been double—crossed. it looks on first blush as if the post office has been underpaying its taxes and overpaying its bosses, and, frankly, that's what we've got to get to the bottom of this week. the post office said its financial information was appropriate and accurate, but its latest accounts state that it is engaged in discussions with the tax office regarding potential tax liabilities. an adverse outcome, it says, could be material. that could mean the post office is liable for up to £100 million in unpaid tax. now, if enforced, that could render the business technically insolvent — although the government is the ultimate owner and could step in. for those like janet skinner, who have had their lives ruined, it's yet another insult. do you know what? anything that they do doesn't surprise me in the slightest. undercutting their taxes but still able to pay themselves bonuses? you know, i think it's absolutely disgraceful. they should never have been allowed

Post-office , Taxes , Public , Concern , Bosses , Blush , Bottom , Tax-office , Outcome , Accounts , Discussions , Information

Which parent will pay the income tax on gains made from selling investment in minor child's name after divorce?

When parents are married, it is the responsibility of the highest earning parent to pay income tax on gains or returns received on investments made in the name of the minor. However the situation changes when the parents are divorced, nonetheless income tax must be paid still. Read here to know which parent has to pay income tax on behalf of minor after the divorce.

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Forget The Rich: Tax The Poor And Middle Class

Nothing is certain but death and taxes, it used to be said, but in the madcap times we live in, even they're up for grabs. No matter what proof the White House provides that Osama bin Laden indeed has had his bucket kicked -- and at this point even al Qaeda admits he's dead --…

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