Re: Beyond their grasp
If you put your money into a normal savings account and the interest you earn is greater than £1000 you will pay tax.
If you put the same money into an ISA account and again the interest you earn is greater than £1000 you will not pay any tax (as all interest/earnings on an isa are tax free).
Thus you have legally avoided tax.
Now if you are a director of a company that is listed on the stock exchange you can hide any shares you own in an ISA.
However if you are running a small company like myself I cannot do the same trick.
Thus the big companies get an automatic advantage over small companies.
Ask yourself why don't the government close this loophole, I'm sure it has nothing to do with donations.
Biting the hand that feeds IT
