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One percent

Poacher turned gamekeeper or just another trougher

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http://www.dailymail.co.uk/news/article-5414951/New-financial-watchdog-tax-avoider.html

The man appointed to police Britain’s financial system yesterday admitted using a notorious scheme that helped cut tax bills.

Charles Randell was given the job despite admitting in his Treasury interview that he had been made to pay back £114,000 to the taxman, plus interest.



 

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Anyone who doesn't take advantage of the many legitimate ways of not paying tax doesn't have enough interest in the taxation system to get that job.

I don't know that scheme but the fact that it had to go to court means that it would at the least have appeared to investors as a legitimate tax avoidance vehicle.

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1 hour ago, Frank Hovis said:

Anyone who doesn't take advantage of the many legitimate ways of not paying tax doesn't have enough interest in the taxation system to get that job.

I don't know that scheme but the fact that it had to go to court means that it would at the least have appeared to investors as a legitimate tax avoidance vehicle.

Nope.

Anyone with any sense would have run a mile from film tax scams. They just didnt smell right.

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Expensive lawyers and accountants who work in tax always make their money by exploiting the system as far as they can push.  There is no other way for them to behave (because if they didn't, the customer would pick someone who did).  Their entire and only source of wealth is the continued complexity of the tax system.

This guy has form, but it's hardly surprising.  Anyone they'd pick would have sailed close to the wind on at least a few occasions.

And these people are hardly going to champion making things more simple.  But they're the only ones in the running.  Looks like we'll have more of the same.

Edited by dgul

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