duplicate thread please ignore
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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?
Last edited by BrilloPad; 16 January 2016, 19:44. -
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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.’
HTHComment
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Originally posted by RetSet View PostDuke of Westminster v Commissioners of Inland Revenue 19 TC 490:Comment
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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
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Originally posted by NorthWestPerm2Contr View PostAny 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.
It's democracy.Comment
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Originally posted by AtW View PostWhat's "mitigating"?Down with racism. Long live miscegenation!Comment
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Originally posted by AtW View PostSounds 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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