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July 04, 2007

Tax Shock Horror!

John Moulton goes before the Treasury Select Committee and makes a shocking allegation:

The industry veteran, whose company's investments include the Revolution vodka bar chain and Buckingham Bingo, said that there was often advance tax planning going on across the sector.

Appalling don't you think? That people should consider the implications of the taxation laws before they do something and then plan for the impact of those laws? You know, maybe making sure that they actually follow those laws?

Disgusting I call it. Next thing you know they'll start taking account of the 'elf n' safety laws and then where will we be?

July 4, 2007 in Taxes | Permalink

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Comments

Tax avoidance and tax evasion.

Not dissimilar to selling a house for £249,999 with £25,000 worth of "fixtures and fittings".

Posted by: IanCroydon | Jul 4, 2007 9:06:36 AM

'Not dissimilar to selling a house for £249,999 with £25,000 worth of "fixtures and fittings".'

That sounds eminently sensible.

Posted by: cuthhyra | Jul 4, 2007 4:01:59 PM

Isn't that sort of the point of Hayek's discussions on the rule of law? Everyone is able to take into account the affect of laws, regulations, taxes etc. on the decisions they make and to plan accordingly?

Posted by: B's Freak | Jul 4, 2007 11:37:08 PM