CXRAndy
Legendary Member
Avoidance is legal, evasion is illegal. It is as simple as that.
Do you have an ISA or Pension?Indeed, both are also immoral
Those are tax avoidance planning
I expect a hypocritical response
Avoidance is legal, evasion is illegal. It is as simple as that.
Do you have an ISA or Pension?Indeed, both are also immoral
I was directing my reply to HMSISAs are tax avoidance and therefore equivalent to all other forms of tax avoidance. So there's no moral difference between saving a few quid in an ISA and any of those convoluted schemes that people pay their accountants to set up.
You've convinced me guys. Well actually you haven't but I'm just one of those whinging lefties and no doubt a hypocrite according to your puerile logic
No, but if you have a lot is a bit easy-er to mask your unhappiness.I wonder sometimes, if people who hoard their money are actually happy?
I wonder sometimes, if people who hoard their money are actually happy?
It's just a number at the end of the day, and all you need is a couple of coins to pay the ferryman.
An often repeated idea.
One of my pals was reasonably wealthy (certainly, a millionaire, without considering property).
Sadly, he developed a form of blood cancer, at age 55.
He lived for a further 10 or so years, after the diagnosis.
In this 10 years, he was able to enjoy his season ticket at NUFC, indulge his passion for fast cars, enjoy holidays, spend time at his apartment in Provence, even sit in his large garden at home.
His illness was his illness, IMHO, it was certainly more bearable in his circumstances that it would have been if he was living on Universal Credit in North or South Tyneside.
All of us lefties 😉
At the moment it is down to the individual isn't it? Not all those who pay large amounts of tax, for example, take part in various schemes they could access in which they would pay less of it. I suppose the question then would be why wouldn't they?
"No man in the country is under the smallest obligation, moral or other, so to arrange his legal relations to his business or property as to enable the Inland Revenue to put the largest possible shovel in his stores. The Inland Revenue is not slow, and quite rightly, to take every advantage which is open to it under the Taxing Statutes for the purposes of depleting the taxpayer's pocket. And the taxpayer is in like manner entitled to be astute to prevent, so far as he honestly can, the depletion of his means by the Inland Revenue."[11]
An often repeated idea.
One of my pals was reasonably wealthy (certainly, a millionaire, without considering property).
Sadly, he developed a form of blood cancer, at age 55.
He lived for a further 10 or so years, after the diagnosis.
In this 10 years, he was able to enjoy his season ticket at NUFC, indulge his passion for fast cars, enjoy holidays, spend time at his apartment in Provence, even sit in his large garden at home.
His illness was his illness, IMHO, it was certainly more bearable in his circumstances that it would have been if he was living on Universal Credit in North or South Tyneside.
Morals are personal and subjective. There is no point in arguing them.
ISAs are tax avoidance and therefore equivalent to all other forms of tax avoidance. So there's no moral difference between saving a few quid in an ISA and any of those convoluted schemes that people pay their accountants to set up.
You've convinced me guys. Well actually you haven't but I'm just one of those whinging lefties and no doubt a hypocrite according to your puerile logic
But would it have be more bearable still had he had 10 times the wealth? I assume that was the point of the question. There comes a point where some people are beyond living in comfort / luxury and having everything they could possibly need or really want yet they continue with their main focus seemingly being to make even more. Don't get me wrong, I would love to win a big Euro Millions jackpot and live in luxury but even at that level I hope I'd be thinking of how I could use it to help others and certainly wouldn't be looking at ways, legal or not, to avoid paying taxes.
It's just a number at the end of the day