If you’re rich there are legal – and not so legal – ways to lower your tax bill

3 comments
  1. And of course no mention of IR35 that actually *enabled* many of those tax avoidance schemes. Funny that the law touted as anti-tax avoidance, actually creates more.

    But it is the rich who benefit from IR35 changes, so I guess it’s okay.

  2. Well, I mean, does this actually surprise anyone at this point?

    The rich have been doing this for years, and any time a shakeup to the regulations are proposed, the general responses from MPs are that it’s incredibly complicated…

    Let’s be honest, they don’t want to reform because they take advantage of those loopholes and are bribed – I mean lobbied – by people who also take advantage of them.

  3. >HMRC estimates that the government loses £8bn a year from tax evasion and the hidden economy.

    So about the same amount of a single PPE bung from government to a mate? I believe the government see this as a trivial amount to throw about so what’s the issue?

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