Quote:
Originally Posted by martyh
That's the whole point though ,at the time the loophole was used it was legal ,only after being challenged and a costly court battle is it decided that it was illegal .You really can't blame people for doing something that was legal
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Yup, lots of things which were once legal have become illegal due, for example, to public pressure and subsequent changes in the rules or more stringent interpretation of them. The tax regime is an area in which 'legality' is being challenged and reviewed constantly and like all changes in the law, it takes time.
I notice Labour have been banging on about tax havens but I don't recall them sorting it out when they were in power either...