I understand one aim is to simplify the tax code. Simplified codes have less loopholes.
---------- Post added at 15:17 ---------- Previous post was at 15:14 ----------
Quote:
Originally Posted by Chris
If we're specifically talking about cracking down on avoidance, rather than evasion, exactly what sort of avoidance is good, and what is bad?
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Moving money around family and around the world in order to avoid CGT, etc, I'd describe as avoidance. Not engaging in a taxed activity isn't avoiding taxes. Making money, which is a taxed activity, and moving it around to avoid paying taxes on it is somewhat different.
---------- Post added at 15:18 ---------- Previous post was at 15:17 ----------
Quote:
Originally Posted by Hugh
As Chris states, we could all be guilty of tax avoidance - for instance, I now mostly use public transport to get to work, thus avoiding the tax on the petrol I don't use, and I also avoid the tax on the cigarettes I don't smoke.....
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In the case of cigarettes a closer analogy would perhaps be smoking duty free cigarettes. You're engaging in a behaviour which is usually taxable but finding a method to avoid the usual taxes on them.