Re: Pot and kettle
Please, commentards, remember there is a difference between tax avoidance and tax evasion.
Tax avoidance is entirely legal, moral, natural and a human response to being asked to pay taxes. We all do it - when VAT went up, did you not buy large ticket items in advance before it went up? I know I saved about £50 buying my season ticket in December rather than January.
I dislike Ed Miliband's policys (or lack thereof), but I don't think more or less of him knowing he has sensibly arranged his affairs to minimise inheritance tax*. If he is doing things by the book, he is/will be paying the right amount of tax for his circumstances, he has just structured his circumstances to minimise how much the revenue can take away.
Lord Clyde said it best, that's why he got the big bucks:
No man in the country is under the smallest obligation, moral or other, so to arrange his legal relations to his business or property as to enable the Inland Revenue to put the largest possible shovel in his stores. The Inland Revenue is not slow, and quite rightly, to take every advantage which is open to it under the Taxing Statutes for the purposes of depleting the taxpayer's pocket. And the taxpayer is in like manner entitled to be astute to prevent, so far as he honestly can, the depletion of his means by the Inland Revenue
The biggest issue affecting us in the UK is that the rules of the EU allow commercial activity to seep out of our country and be registered in another one for tax purposes. I've no problem with google claiming chargebacks for the cost of providing systems to the UK sales teams, or funnelling all the profits after tax to some holding company in the Caymans, but fuck it, revenue and profit from UK sales should result in UK taxes. I don't think we should leave the EU, but some rules have to change.
* TBH, I reckon David set it all up