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Originally Posted by TheDaddy
Tell me what's good about the Pearson group lending itself $430 million, charging itself $40 million a year in interest, getting a tax break in the US for it and paying no tax here at all. HMRC said it was breath taking and pushed the boundaries of avoidance to the very limit and set about coming up with a cosy little Vodaphone type deal with them.
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If it's legal then live and let live 
The reason companies & individuals can do that type of stuff is that the tax laws are so complicated. Who made them complicated? The government(s).
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That's what I mean about tax avoidance, not someone claiming for personal allowances and the like.
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It's a little more than claiming personal allowances though. Livingstone set up a company, maxed out what he could pay his other half etc.....