Quote:
Originally Posted by RizzyKing
Is it morally wrong to avoid tax i personally don't know having never been in ther position to consider it i am not going to pass judgement to be honest because if i were to find myself in that position i am not sure i wouldn't do the same and neither can any of us till we are in that situation.
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Story told to me today. imo, a good illustration:
Let me give you a hypothetical (but probably typical) situation and see if you think if the tax 'management' is excessive......
Business takes about £260k, after expenses and wages for the jobs he creates (which put money back into the economy) the business owner makes about £160k.
Of that, he should pay about £50k tax according to HMRC.
So he has worked his little butt off to generate £260k of which he sees £110k!
On top of that he sees his tax money misspent by lying, cheating politicians and funnelled into the pockets of (some/many/take your pick) people who are out to defraud the DSS because they can work but choose not to or are health tourists or are claiming this/that/the other even though they haven't paid a bean into the pot 'cos they have been welcomed into the country by politicians who thought the well was bottomless.
He looks at the shambles of the NHS with it's terrible waiting times, awful service and overpaid GP's & consultants.......the way he can't rely on the police for much other than fining him if he strays 6mph over the limit & the way the council taxes him not once (domestic rates) but twice (business rates)
This guys accountant comes along as offers to legally reduce the tax bill from £50k to £10k.........no brainer.