A point too often glossed over by our media and politicians when point scoring. Tax law is
an area that troubles me somewhat in that its one of the few areas of the law where the well founded principle that actions cannot be retrospectively declared unlawful does not always apply. Take the film investments schemes for example. Originally encouraged by the government as a means of encouraging investment in the British film industry. As far as I can see HMRC knew about these schemes right from the off but sat on the fence as to whether it was avoidance or evasion and then declared it unlawful once many, many people had invested millions of pounds.
There is clearly a difference between structuring your affairs is such a "lawful" way as to minimize tax liabilities and unlawful tax evasion but we live in such times of public outrage that any time a public figure avoids tax they get savaged for it. As has been said above, provided it's not hypocritical in terms of what they are pushing for for everyone else I don't have an issue with it.
Posted By: Jim on September 27th 2016 at 08:52:01
Message Thread
- Hopefully it will be reported and written, but Trump's admitted to avoid paying tax (General Chat) - pants, Sep 27, 02:49:30
- Anyone who doesn't avoid tax within the law (General Chat) - matgore, Sep 27, 06:59:10
- Yes absolutely (General Chat) - SimonOTBC, Sep 27, 08:01:32
- Agree with that (General Chat) - matgore, Sep 27, 08:26:02
- Yes absolutely (General Chat) - SimonOTBC, Sep 27, 08:01:32
- If anyone uses childcare vouchers they are "avoiding" tax (General Chat) - Tony Martin, Sep 27, 06:11:17
- Tax avoidance is not a crime, tax evasion is. (n/m) (General Chat) - John in Texas, Sep 27, 04:34:28
- A point too often glossed over by our media and politicians when point scoring. Tax law is (General Chat) - Jim, Sep 27, 08:52:01
- The tax laws in the USA are 10 times more complicated then UK (General Chat) - John in Texas, Sep 27, 14:00:22
- There's no such principle (n/m) (General Chat) - CWC, Sep 27, 09:57:28
- I would argue there is although perhaps should say "should not" rather than (General Chat) - Jim, Sep 27, 10:40:38
- or if you want to be particular about it...... (General Chat) - Jim, Sep 27, 10:59:23
- I would argue there is although perhaps should say "should not" rather than (General Chat) - Jim, Sep 27, 10:40:38
- I'm guessing this is why we don't see his tax returns then (n/m) (General Chat) - pants, Sep 27, 04:37:03
- it's a valid point though (General Chat) - earthleakage, Sep 27, 04:41:26
- A point too often glossed over by our media and politicians when point scoring. Tax law is (General Chat) - Jim, Sep 27, 08:52:01
- Early news reports heavilly focussing on this. Get in (n/m) (General Chat) - pants, Sep 27, 03:47:41
- Anyone who doesn't avoid tax within the law (General Chat) - matgore, Sep 27, 06:59:10
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