On 13 Apr, 15:40, AC <x...@xxx.xxx> wrote:
> Mel Rowing wrote:
> >> Evader, avoider - just semantics, who cares? They have avoided paying
> >> their dues, that's all that matters.
>
> > There is a distinct difference but I know better than to discuss
> > semantics with you!
>
> Yeah, it concerns your rotting queen rightard. Funny how when others
> avoid tax, its all evil, but suddenly now, no problem.
>
> Tory hypocrisy, now there is a shocker.
But avoiding tax is not evil.
If I agree a price with a trader I don't pay him more than he asks.
Nobody is in any position to negotiate their tax liability so why pay
more than the letter of the law demands. Where exactly is the virtue
of paying tax in a world where politicians squander billions.
I have avoided tax in the past. On nothing like this scale of course.
When I was a young man there was a systems called MIRAS. MIRAS allowed
you to claim tax relief on all your mortgage interest. Did I claim it?
Of course I did just like anyone else in the same position
I could also offset all of my pension contributions against tax? Did
I? Of course I did just like everyone else in the same position.
I could also claim tax relief on 2/5 of the premiums I paid for life
insurance. Did I claim it? What do you think.
Similarly professional fees, cost of lab overall, I claimed the lot.
Anyone who pays more than he is required to do is a fool even if the
bill is set by HMG.
I am not in the same income bracket as the Thatchers were and never
have been but if I were don't you think I would be employing tax
experts to devise creative but legal schemes to bring down my tax
bill? You bet your life I would. The money is better and more
effectively used in my pocket than in the pocket of HMG. When I have
no further use for it my children have greater entitlement to it than
anyone else's If the money is to go to good causes, then I'll decide
what those causes are and my benefice will be better targeted than if
it went via HMG.
The experts can use every hole that remains in the tax net (and
virtually all of the above have been blocked) they will still not and
cannot bring the Thatchers to a position where they take out more than
they put into the exchequer They would never have been
in a negative tax position throughout their working lives and beyond.
They have put in 100s of thousands if not millions of pounds to the
exchequer and taken nothing out by comparison.
Of course there would be no need for these discussions if we coud have
a sensible tax system that sets limits on personal taxation. The you
would get money coming here instead of fleeing.