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Is anything inherently wrong, immoral or unlawful in mitigating one’s tax liability?

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    Is anything inherently wrong, immoral or unlawful in mitigating one’s tax liability?

    duplicate thread please ignore
    Last edited by BrilloPad; 16 January 2016, 19:44.

    #2
    What's "mitigating"?

    Comment


      #3
      Duke of Westminster v Commissioners of Inland Revenue 19 TC 490:

      ‘Every man is entitled if he can to order his affairs so that the tax attaching under the appropriate Acts is less than it otherwise would be. If he succeeds in ordering them so as to secure this result, then, however unappreciative the Commissioners of Inland Revenue or his fellow tax-payers may be of his ingenuity, he cannot be compelled to pay an increased tax.’

      HTH

      Comment


        #4
        Originally posted by RetSet View Post
        Duke of Westminster v Commissioners of Inland Revenue 19 TC 490:
        Sounds like the Duke was aggressive tax avoider...

        Comment


          #5
          Any way you can reduce the amount your bank account is violated is fair game so long as it's legit. I can't see how it can ever be justifiable to pay 50% tax under any circumstances. I'd say the same for 40%. 20% is very fair and reasonable and if there was a blanket 20% on every penny earned then there would be no need for tax avoidance or tax evasion.

          Comment


            #6
            Originally posted by AtW View Post
            What's "mitigating"?
            I was stoned, m'lud.

            Comment


              #7
              Originally posted by NorthWestPerm2Contr View Post
              Any way you can reduce the amount your bank account is violated is fair game so long as it's legit. I can't see how it can ever be justifiable to pay 50% tax under any circumstances. I'd say the same for 40%. 20% is very fair and reasonable and if there was a blanket 20% on every penny earned then there would be no need for tax avoidance or tax evasion.
              Higher taxes are very much justifiable to all those who are not going to pay them.

              It's democracy.

              Comment


                #8
                Originally posted by AtW View Post
                What's "mitigating"?
                Mitigate - to leak information about flying RAF jets with a bowl of spaghetti on your lap.
                Down with racism. Long live miscegenation!

                Comment


                  #9
                  Originally posted by AtW View Post
                  What's "mitigating"?
                  Cutting the ends off the fingers of gloves, to turn them into mitts.
                  Work in the public sector? Read the IR35 FAQ here

                  Comment


                    #10
                    Originally posted by AtW View Post
                    Sounds like the Duke was aggressive tax evoider...

                    they are the same thing to HMRC how dare you spend their money?
                    Always forgive your enemies; nothing annoys them so much.

                    Comment

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