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    Jan.
    You might be right but that is only when they are caught, which also applies to everyone of course.

    But the complex structure of these loophole's and other such practises, outside of the Tax System is such, that it is harder to detect and prove.

    Going away from Tax issues but to illustrate what I am trying to say, is this.

    This happened to me some years ago and is a fact. I opened a bakers shop in Deal and was ripped off by a shop fitter that was recommended to me by my financial assistant at the bank and approved by my accountant. Its a long story but he took my money and money from another bakers in Whitstable, about £150,000, all told and legged it to Spain.
    I tried very hard to pay my debts off but went Bankrupt in the end.
    The same day, in the same office, a friend of mine also went bankrupt, he owing the bank lots of money. A few weeks later I was called to my bank because they were considering closing my bank account. By coincidence, my friend was also in the bank and I asked him if he was having his bank account closed. No, I'm here to borrow £200,000 to buy some land to build houses on. But I thought you had gone bankrupt the same as me, I asked? No not me, that was my former company, that had loads of debt, I now have a new company.
    He came out, from his appointment with his loan and I came out of mine, still having a bank account, by the skin of my teeth.
    He is now a wealthy man.
    Now, don't get me wrong on this, I have no problem with him or what he did, he is still a good friend of mine. He used the system,where
    I am 100% certain, that I would not use the system, even if I had the money to do so.
    That does not make me better than him, it just makes me different, each to his/her own.

    What I think should happen is that these anomalies should be removed, so that they cannot be taken advantage of, giving us all a level playing field. But the cynic in me say's that will never happen because the people who introduced them and still allow them, all use them to their advantage.

    Again I am with Peter's "That would lead to a fairer society and a bigger tax takes"

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