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Re: Jimmy Carr tax affairs 'morally wrong' - Cameron
Quote:
Originally Posted by Damien
It's legal. However it's not an intention of the tax system and is an error that occurs because of an unforeseen circumstance. I think the tax system must be so complicated now that these problems occur.
From HMRC:
and, from ITV, what Jimmy Carr was doing:
This is clearly exploiting the tax system to pay as little tax as possible without going to jail. |
So they should reform the tax system and/or close the loopholes. It simply isn't good enough to go 'yes, we accept that this is legal, but can you please not do it because we don't like it'.
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