Tuesday, November 07, 2017

'Taint fair!

Oh Gawd - here we go again.  Tax avoidance is perfectly legal - you can argue about the morality of it, but it is not illegal, and is only possible because of the hopelessly convoluted complexity of our tax laws which wittingly or unwittingly create loopholes for clever accountants to take advantage of.  The so-called Paradise Papers are simply a reflection of this.  So what's all the fuss about?  As I see it, it is simply a matter of reverse snobbishness - these posh people can afford to employ tax advisers to sort out these clever schemes for them, whereas I have to pay all my taxes and live in poverty on bread and gruel, sort of thing.  So the answer is to sort out the tax laws, not to demonise those who legally take advantage of them.

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