UK Biggest Enabler of Large Scale tax Avoidance

[Jog On]

UK by far the biggest enabler of global corporate tax dodging, groundbreaking research finds | The Independent

Who'd have thunk it?! Oh well there goes HMRC's moral high ground when going after us middle people...

[Yorkie62]

UK by far the biggest enabler of global corporate tax dodging, groundbreaking research finds | The Independent

Who'd have thunk it?! Oh well there goes HMRC's moral high ground when going after us middle people...

And you think this will be news to HMRC or that they will GAS.

[Old Greg]

UK by far the biggest enabler of global corporate tax dodging, groundbreaking research finds | The Independent

Who'd have thunk it?! Oh well there goes HMRC's moral high ground when going after us middle people...

To use the tax avoider's justification, it doesn't matter if HMRC is acting morally, as long as it is acting within the law.

[Jog On]

To use the tax avoider's justification, it doesn't matter if HMRC is acting morally, as long as it is acting within the law.

Which is exactly what we can say as well.

[Old Greg]

Which is exactly what we can say as well.

Yes. That is indeed the argument. The trouble is when people find that parliament has introduced a Loan Charge. Perfectly within the law of course, and whether or not it is immoral is apparently irrelevant.

[BrilloPad]

The amount dodged globally each year is more than three times the NHS budget or roughly equivalent to the entire Gross Domestic Product (GDP) of Belgium.

A shame they could not have compared it to an impressive country.

[BrilloPad]

Yes. That is indeed the argument. The trouble is when people find that parliament has introduced a Loan Charge. Perfectly within the law of course, and whether or not it is immoral is apparently irrelevant.

No-one objects to a prospective loan charge.

[BrilloPad]

And you think this will be news to HMRC or that they will GAS.

HMRC does as the Treasury asks. They were told to "go easy" on big US companies.

[Jog On]

Yes. That is indeed the argument. The trouble is when people find that parliament has introduced a Loan Charge. Perfectly within the law of course, and whether or not it is immoral is apparently irrelevant.

The lines between legal and moral do get a bit blurred when certain people (politicians) play the moral card. So we can just tell HMRC that we're acting inside the law and that's the end of the conversation? Splendid!

So does this mean that tax 'avoidance' is a term we can all just ignore as long as it's legal?

[BrilloPad]

The lines between legal and moral do get a bit blurred when certain people (politicians) play the moral card. So we can just tell HMRC that we're acting inside the law and that's the end of the conversation? Splendid!

Is the loan charge within the law?

I guess the JR will decide.