Quote:
Originally Posted by Damien
Why? What other stuff would change because these loopholes often do not involve income tax?
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Then we aren't concerned with those because this about tax avoidance and schemes to avoid paying tax .If tax relief on gift aid is removed then people can't use it can they ,if various other reliefs used by the wealthy are removed they can't use them .Starbucks claimed a load of tax relief because they don't own the name "starbucks" through some complicated tax scheme ,so remove the relief and they can't avoid paying the tax .Basically if money is earned in this country by a company or individual then tax at a given rate will be payable ,simple