Quote:
Originally Posted by TheDaddy
Gideon is outraged for one, they're all fine examples of what he called morally repugnant
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No, they're not - you are deliberately mis-quoting him, as he was talking about people/companies who set up/utilise dodgy tax-avoidance schemes which would be challenged by HMRC, whereas in this case we are discussing something that is on the HMRC website, with guidance, and that is used every year by thousands of companies legally and without challenge from the HMRC.
But you already knew that, but didn't let it stop you making a cheap political point...
http://www.bbc.co.uk/news/business-17525977
Quote:
In his Budget speech, Chancellor George Osborne spoke of his disdain for tax evasion and aggressive tax avoidance, describing both as "morally repugnant"....
...A GAAR is aimed at deterring abusive tax avoidance - as opposed to tax evasion - schemes by reducing legal uncertainty around what constitutes aggressive tax avoidance and what constitutes legitimate tax planning.
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Deferred tax credits are no more morally repugnant than pension tax relief - they are both defined and managed by HMRC, under strict guidelines.