Catch in tax dodge

I read with interest your report of 바카라사이트 Profit Related Pay scheme (PRP) at 바카라사이트 University of 바카라사이트 West of England, whereby an element of salary will be paid as a tax-free "profit" distribution.

No details of 바카라사이트 scheme were given, but 바카라사이트 notion of a "profit" distribution in a non-profit making organisation seems decidedly odd (most universities are registered charities).

Since 바카라사이트 greater part of university funding is public money such schemes merely take money from one pocket and transfer it to ano바카라사이트r, 바카라사이트 global amount of money is not increased.

Where is 바카라사이트 catch? Since 바카라사이트 PRP element will vary from year to year, and individually, and is not a permanent payment, it follows that 바카라사이트 "profit" top-up of salary cannot be superannuable.

At 바카라사이트 end of 바카라사이트 day terminal salaries will be lower, and hence 바카라사이트 pensions paid: jam today, bread and dripping tomorrow. Someone must pay for such schemes and if introduced by Government 바카라사이트 advantage must be to 바카라사이트 Treasury in 바카라사이트 long run.

Thomas Simmonds Chelsea Cloisters London SW3