Saturday, 23 June 2012

M' LEARNED FRIEND - TAX COUNSEL


Methinks thou doth protest too much!

So many radio, TV, magazine and newspaper journalists, presenters and commentators are so certain that the incredibly complex tax-avoidance or tax-evasion schemes recently found to be used by such a large majority of top people to pay 1% instead of 50% tax, are utterly legal - in fact so very, very legal - really, really, really legal - as to be a positive force for good for society and mankind; that I have to set aside my 40 years tax-accountancy experience and bow to the journalists' erudite legal opinions. Faced with such a tsunami of absolute certainty - what can one say? What can one assume, other than they must all be right? This is democratic power at its best. Decades of legal precedent swept aside in this newscasters' Tax-Free Spring. I am contrite. I was erroneously ready to assume the tax-dodgers had made it all up, had fiddled the books, were guilty of false accounting. Mea Culpa.

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