chengdufan wrote:Great to hear that there are many ways for the richest to avoid paying a fair amount of tax
You are missing the point... it's a fair amount of tax.
If you had a normal PAYE job and you were paid £100k per annum, you wouldnt be expected to pay for your business expenses out of that would you - client lunches, travel costs to meetings, equipment costs etc. Would that be fair?
I mean sure Selby's loaded (particularly this year
) so that is a bit of an unusual case, and whether in general the rich should pay more tax (probably, yes!) then that's a different discussion. I was reporting on current tax laws.
I would start with getting the big corporations to pay their proper amount of tax in their respective countries (Amazon, Facebook etc pay basically buck all in the Uk and Ireland, the counterargument is they employ thousands of people here, and if they had to pay proper corporation tax would probably take their operations elsewhere -bit flimsy if you ask me.)