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Re: Tax havens exposed in huge law firm leak
Martin Lewis, of the Moneysavingexpert website, just posted this on FB.
Quote:
The Sunday Times front page is today implying Cameron's mother's £200,000 gift to him is an inheritance tax 'dodge' and 'avoidance'; yet I'm sure its own money section has often rightly recommended doing just that as legitimate tax planning. What next will we see "Cameron dodged £15,240 of saving tax by putting money in an ISA"?
So far in this debate I've been vocal on the fact we have a moral duty to pay our taxes - its the cost of living in a legitimate civil society. And offshore complex financial avoidance and dodgy hidden manipulative trusts should rightly be called avoidance and castigated
Yet lets call it avoidance when it is avoidance and not using government allowances to do things that we're supposed to do - even if you're prime minister. To try and grow this story by trying to darken the act of standard tax planning, isn't a good route,
The rules are plain you can give money from income, or give money more than 7 years before you die and there's no inheritence tax. Utilising that isn't dodgy.
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