Quote:
Originally Posted by Margaret Pilkington
Yes..I do know that the answer is that tax avoidance is legal...but it should not be.
If I am taxed on the very small amount of interest my savings account accrues, then those who make shed loads of money should be paying their whack too.
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Margaret, if you could
avoid paying tax on your income I'm sure you'd want to. I certainly would!
It's legal because it's within the laws- the laws need changing to make major avoidance into
evasion.
There's one big coffee house chain which pays no tax because it makes little or no profit.
Why- because it buys its coffee from its sister company on the continent at such inflated prices the UK branch makes no profit, the sister company makes huge profits but in another country which has a much lower tax rate than us.
Now how do you get round that? It's immoral but it's legal.