Dear Statists, Collectivists, Wimps and Socialists...

Jan 09, 2014 20:09

Tax-avoidance is arranging one's affairs within the scope of the tax-code to minimise one's liability to pay tax. It's perfectly legal and - unless you in some warped way believe that the State knows better how to spend your money than you do - perfectly moral.

It's tax-evasion which is the illegal thing. To quote:
    “No man in the country is under the smallest obligation, moral or other, so to arrange his legal relations to his business or property as to enable the Inland Revenue to put the largest possible shovel in his stores. The Inland Revenue is not slow, and quite rightly, to take every advantage which is open to it under the Taxing Statutes for the purposes of depleting the taxpayer’s pocket. And the taxpayer is in like manner entitled to be astute to prevent, so far as he honestly can, the depletion of his means by the Inland Revenue” (Ayrshire Pullman Motor Services & Ritchie v CIR, 1929, 14 TC 754).
IMHO everyone sane should do all they can to legally minimise their tax-bill - and be openly proud of doing so!
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