• The post you are reporting:
   
  GaryC - the problem of so-called loopholes is down to the complexity of the tax system. Simpler flatter and lower taxes means it is harder to avoid and there is less incentive to do so. The battle between revenue and accountants over tax is an age old one and it is one that revenue cannot win ultimately as those with a lot of resources ultimately can remove themselves from HMRC jurisdiction if they want to.
  
  Personally I am caught in between - the squeezed middle. On one hand I earn enough to pay far too much tax and on the other hand not enough for it to be worth the more expensive schemes to legally avoid tax, though I take what advantage I can of those schemes that I am able, pensions and ISA for instance and the way I manage certain savings/investments.
  
  Tghe difference in attitude between you and I is that you seem to think that HMRC can dip their sticky fingers into our income as much as they like and should have first call on it. Its almost as if we should be grateful for what money HMRC allow us to keep.
  
  I take the opposite view. The money I earn in mine, all of it. HMRC can have the taxes that the law requires them to have but I have the right to keep as much of it as I can legally retain.
  
  The difference really is between those, like me - who considers the State to be a necessary evil who should have a little power and role in our lives as possible and you, from a left facing perspective who sees the State as a positive good thing, all wise, that should dictate our lives.

Report Post

Your Name

Reason