Andrew

I know you're burning with anger about the junior doctors thing but please try to exercise some judgment

There are a thousand ways in which HMRC allows you to reduce your tax liability - save in an ISA, invest in a VCT, put money into pension, use the spouse exemption etc etc

Those are all fine and not morally repugnant. That is all Dave has done.

What is NOT fine is aggressive avoidance. I come across this all the time in my work. Aggressive avoidance consists of highly artificial schemes which typically go through a series of steps designed to create an enormous loss on paper (without the taxpayer ever actually losing any money) so that the fake "loss" can be offset against real income. That's morally repugnant.

There is no hypocrisy involved at all in doing one but criticising the other, there really isn't. They are chalk and cheese.

Posted By: Old Git on April 11th 2016 at 18:59:13

Message Thread

Good performance by Dave in the Commons today over the Panama Papers (General Chat) - Highlander, Apr 11, 17:19:31
- It's the hypocrisy though....don't label others "morally repugnant" if you are doing it (General Chat) - admckechnie, Apr 11, 18:15:02
  - Andrew (General Chat) - Old Git, Apr 11, 18:59:13
    - Don't patronise me. (General Chat) - admckechnie, Apr 11, 19:22:34
      - The K2 tax scheme was a classic example of aggressive tax avoidance (General Chat) - Old Git, Apr 11, 19:27:38
- He's done nothing wrong (well not with his tax anyway ;) ) (General Chat) - Tony Martin, Apr 11, 18:08:18
  - He inherited 300k from his Dad... but an extra 200k went to him via his Mum so he got 500k (General Chat) - Larry Hagman, Apr 11, 18:28:33
    - if she dies before 2019 tax will be due (General Chat) - Henclrikus, Apr 11, 18:53:13
      - It's not morally wrong though. Why is it morally wrong? (General Chat) - Jim, Apr 11, 19:11:52
        
        yous asking the wrong guy (General Chat) - Henclrikus, Apr 11, 19:15:27
      - Precisely (n/m) (General Chat) - Tony Martin, Apr 11, 18:57:12
    - That's still under the limit you can get from 2 parents so still fine (General Chat) - Tony Martin, Apr 11, 18:35:25
      - Where did his mum get the 200k from to pass to Dave? (n/m) (General Chat) - Larry Hagman, Apr 11, 18:39:20
        
        I think she got it from their dodgy overseas bank account in timbuktoo (General Chat) - Tony Martin, Apr 11, 18:59:23
        
        Selling tiny babies for body parts (General Chat) - Old Git, Apr 11, 18:47:00
        
        Haha (n/m) (General Chat) - yellowman, Apr 11, 19:16:53
        
        Amen (n/m) (General Chat) - Yellalee, Apr 11, 19:05:03
        
        Lol (n/m) (General Chat) - SCC 28, Apr 11, 18:55:32
        
        you knows it (n/m) (General Chat) - Tombs, Apr 11, 18:48:51
- Oh (n/m) (General Chat) - CB41, Apr 11, 18:00:38
- Has Corbyn found his tax returns yet? (General Chat) - CWC, Apr 11, 17:41:03
  - Exactly. Left wing. Right wing. Matters not. Bad eggs all over the shop (n/m) (General Chat) - Pit, Apr 11, 18:52:43
- We are lucky to have him really (n/m) (General Chat) - Tombs, Apr 11, 17:23:24
- Wow......good insightful view of events that. (General Chat) - admckechnie, Apr 11, 17:21:40
  - To be fair (General Chat) - Old Git, Apr 11, 17:31:13
  - Ok, well how about this then......... (General Chat) - Highlander, Apr 11, 17:25:56
    - pulls City off bottom place (General Chat) - Henclrikus, Apr 11, 18:27:04

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