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Old 09-07-2019, 13:57   #2203
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Re: The state benefits system mega-thread.

Quote:
Originally Posted by Chris View Post
Tax avoidance is not fraud. Everyone does it, and they do it legally. If you buy a new car based on its road tax band, that’s tax avoidance. If as a commercial energy user you choose your supplier so as not to pay the fossil fuel levy, that’s tax avoidance. If you choose to put your savings in an ISA, that’s tax avoidance. For as long as the tax system is used to promote or deter behaviour, then the tax system itself is promoting tax avoidance. If you want to criticise tax avoidance, then be prepared to be found guilty yourself ...

Tax evasion, on the other hand, is not paying tax due, or disguising tax liability, or exploitation of unintended loopholes in tax regulations (and hiding it). Such is illegal.
Aggressive tax avoidance schemes are nearly always found to be "not legal" in court, to use your examples or the other classic ISA's are a way of avoiding tax plays straight into the hands of people using such schemes, they're not the same as us, they're not simply doing what any of us would do as most of us prefer not to walk a tightrope of legality, why do they do it some will ask and the reason is because the fine levied is less than the inrerest earned on the cash they're still holding on to for years in some cases plus in some rare cases they do win in court.
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