Yes, I am guilty, guilty of Tax avoidance, and you probably are too….
My conscience is clear though because it is perfectly legal.
I have a ISA…. Shock horror!!!!
And why did I take out an ISA?
TO AVOID PAYING TOO MUCH TAX!
and as I have had NO income since stopping work 6 years ago, I have also transferred part of my tax allowance to my husband so that we pay a little less tax and get a little more of his not very high wage.
This is perfectly legal, in fact our government and tax offices encourage it.
Yes I question the morality of some of these super rich schemes, off shore investments etc, but the fact is that they are not breaking the law.
Now Tax EVASION is illegal, that is; not paying tax that you should . (by the way, did you declare the income on that little job you did for cash “on the side”?…Yes? Well done you… You can stay on your moral high horse)
Truth is, many of the people who make these laws are the ones who benefit from them so I suspect that nothing is going to change there, but I have got a little irritated by those pointing the finger condemning those who are in a position to take advantage of these laws; can any of us honestly say that we would not arrange our finances in the most efficient way to minimise the amount of tax we pay?
I thought not…