Monday, Oct 20, 2008
Couple fear loss of Iceland £1.2m
bbc: Couple fear loss of Iceland £1.2m
A couple who put £1.2m from the sale of their family business into an Icelandic bank fear they have lost the money.
Posted by mark @ 04:04 PM (639 views) Add Comment
11 Comments
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1. Amos said...
so why exactly did they put it offshore? to avoid income tax? and now they expect to be bailed out by the govenment?
err i don't think so!
2. renting2 said...
I do feel for them, but putting that many eggs in one basket .................... ?
3. whiteknight said...
Oh it gets worse.
They are UK taxpayers. They have no protection.
Her Majesties Revenue and Customs will still want their cut regardless of whether or not there is any money (they are like that - I am told).
MPs will still be too busy trying to stop repossessions (that is people who bought into the unproductive and reckless house price run up) to deal with somebody who built a profitable business.
My advice to them is hold on to your anger and frustration and hang tough for just a little while longer.
4. mark wadsworth said...
Easy come, easy go ...
5. Charlie Brooker said...
Something posted on here about two weeks ago made me suspect one of this couple post on HPC.
6. jonb said...
They put their money offshore, out of reach of the british taxman, then they complain because they don't get the benefits that the taxman funds out of the money he gets.
They can't have it both ways. If you want the protection the british government provides, put the money in a british bank and pay tax on it.
7. matt_the_hat said...
Family business - Granddad built it up, Dad made it a success, Grandson (probably the scruffy turd in the photo) sells it at the earliest opportunity then loses the lot.
8. Fluke said...
Why would you put your money in one of these tax evasion islands?
9. whiteknight said...
you know this?
10. Ah-so said...
It's tough, but I do not want to have to pay for them.
11. wiltshire said...
Well reading the article it seems to me they're sadly fallen victim to the Best Buy articles which were championing anything Icelandic in terms of savings until very recently.