No, you're right. I wrote 'evasion' when I meant 'avoidance'. Regardless of current legality though, deliberately avoiding tax in such an 'aggressive' manner is morally reprehensible. It is the duty of everyone who earns a wage in this country to pay their fair share in tax. The 'but it's legal so it must be ok' defence doesn't wash.Elmlea wrote:There's a fairly big difference between tax evasion and tax avoidance; one of which I think is fine.  If the rules allow it, and someone doesn't like it, they should change the rules!
Elmlea wrote:There's a fairly big difference between tax evasion and tax avoidance; one of which I think is fine. Â If the rules allow it, and someone doesn't like it, they should change the rules!
Ian Cameron took advantage of a new climate of investment after all capital controls were abolished in 1979, making it legal to take any sum of money out of the country without it being taxed or controlled by the UK government.
Not long after the change, brought in by Margaret Thatcher after her first month in power, Ian Cameron began setting up and directing investment funds in tax havens around the world.
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