The Mudcat Café TM
Thread #133386   Message #3030615
Posted By: Richard Bridge
12-Nov-10 - 04:17 PM
Thread Name: BS: Next Con-Dem game - Labour Camps?
Subject: RE: BS: Next Con-Dem game - Labour Camps?
Willie - you are outed. Those quotes were just on this thread.

Further - there are many concepts in tax. What tax planning does is to insert artificial transactions or constructions into what would otherwise be simple to reduce the tax bite. The old forestry trick to turn income into capital growth, the old preftrick to avoid tax on the issuance of shares, Non-D-ing companies to get round the old Section 261D ICTA (oh shit - about 1976). These tricks have not effectively been stopped up by judge-made law (as I said somewhere, it may have been above) but they upset government revenue predictions as effectively as evasion (or benefit fraud - which is rare and trivial in comparison.

You are not part of the solution, you are part of the problem (I think that's nearly a quote from the MC5).