Quote:
Originally Posted by Mr K
Things like inheritance tax planning and overseas tax havens are irrelevant to 95% of people. The fact that these loopholes haven't been closed shows where the govts. priorities lie. Doing something wrong and something illegal are different things. Call me picky but I'd want the standard for PM to be a little higher than ' he's done nothing illegal'.
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In law, "wrong" and "illegal" are exactly the same, and as the law is the only code upon which we all agree, what else is there? Morality is a very slippery thing unless we can all agree what is its source and definition. You're going to have to pin something legally dubious on the PM if you're hoping for a resignation.
The Cameron family's inheritance tax planning is precisely what every family in their position does. That may be only 5% of estates but we are still talking about something like 40,000 estates per year. It is a far, far larger number than that of the super-rich who spend a small fortune on accountants in order to save a large fortune in tax. And given the meteoric rise in property values we are also talking about plenty of people of relatively modest means.
These "loopholes" as you call them have been in the system for a very, very long time, so making insinuations about this government's "priorities" won't wash.