I fully approve of those accountancy companies which help business minimise the TAX they pay to Government. I’ll explain why in a moment;
Britain’s biggest accounting firms yesterday said they were ‘proud’ of making billions helping companies avoid UK tax. In ‘shocking’ evidence to MPs, bosses told how they regularly advised wealthy corporate clients to use offshore havens and legal loopholes to minimise UK tax payments. They admitted to having more than 200 offices in tax havens such as the Cayman Islands or Switzerland.
For starters, there is no virtue in tax. It is instituonalised theft. The more the State can get the more it wants. It bloats and grows inefficient knowing that it can always raid private business and take even more of its profits.
The UK tax codes are also massively complex and within this complexity lies the space for these accountancy companies to profit their clients. IF you want to simplify tax — by introducing a FLAT TAX RATE — then this would severely limit the scope for avoidance.
Finally, listening to those fat cat politicians like Margaret Hodge (Remember HER difficulty with her..ahem..expenses?) preening their feathers as if they were morally virtuous on this issue is nauseating.
In the final analysis, we should ALL pay less tax. That is the greater moral good.