Can't See The Tax "Avoider"

What Philip Green did with his offshore dividends to his wife falls into category three so not always fine ?

 

Well I would regard that as category 2, but you're the accountant so I'll have to bow to your superior knowledge. He used the tax system legally to reduce his tax bill to a level below that which was reasonable bearing in mind his (and her) income. To my mind that's avoidance.

And don't get me started on coffee shops, online shops etc........

 

Skip to 4:30
My thoughts summed up perfectly

[video=youtube;Hr5DrHyoixY]http://www.youtube.com/watch?v=Hr5DrHyoixY[/video]

 

The offshore bit moves it to category 2, he's a lovely person. Tax planning doesn't involve a conveniently placed tax haven, tax avoidance does

 

You don't know what you're talking about. Give up.

 

ownership

split owner ship

marvelous.

 

I think I do

 

It's actually joint and several ownership. It's what everyone should do to protect their assets. Personally I don't know anyone thsy does protect their assests
Although we've had this on here before many on here don't believe in leaving an inheritance

 

That should say doesn't protect and

 

No you clearly don't. You don't know the difference between schemes set up by government to encourage saving and schemes set up by individuals or companies to attempt to exploit loopholes in the sytstem which government then legislates to close. Even Cameron and Osbourne could spot the difference between the two. It's not hard just pay exactly what you owe in tax and don't avoid it otherwise you are part of the problem not the solution. It couldn't be more straightforward. Being self employed I could use any number of schemes to avoid tax why would I want to do that I might need hospitals or schools one day.

 

I can. It's the easy way out for the FA and any inadequacy can be accounted for by using the political approach of having to sort out the last incumbants; mess before we can move on.