I dislike the idea of these sort of loopholes, but you would if you could, so I don't blame them.
Anybody still guilty enough about saving tax could always invest the difference in projects which they believe in (schools, hospitals, charities etc) rather than let idiotic governments waste it on vanity projects and illegal wars. Regardless of what your view is of the sums which footballers get paid, taking good financial advice is sensible and not greedy at all.
Quote from: Rotterdam on January 16, 2011, 03:07:23 PMI dislike the idea of these sort of loopholes, but you would if you could, so I don't blame them. I wouldn't. If I was a multi-millionaire I would realise that it's only fair I pay my share to help build schools, hospitals, etc.Greedy bastards the lot of em.Still, we're all in this together...
The Coalition government closed a major tax avoidance loophole on December 9 just gone that allowed the wealthy to avoid tax by taking loans from EBTs rather than paying PAYE and NI. There are still other such schemes, as there are always tax barristers working on new ways to avoid tax, but it's getting harder. Incidentally, it's not just footballers who indulge in tax avoidance. There's a founder member of a band beloved of many on H&V that uses IOM schemes to avoid tax. I'm not going to say who though.Oh and the Guardian, ardent campaigner on such matters, is hardly whiter than white either.