tag:blogger.com,1999:blog-10815380.post7848922333655951440..comments2024-03-14T12:42:51.995+00:00Comments on Chris Whiteside's Blog: Double StandardsChris Whitesidehttp://www.blogger.com/profile/02888720969479013951noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-10815380.post-73701367101823891332016-04-10T16:02:50.432+01:002016-04-10T16:02:50.432+01:00I'm sure you won't have sent a letter to y...I'm sure you won't have sent a letter to your bank or anyone else asking to pay as much tax as possible, and as I said in the updated version of the post, neither have I.<br /><br />The difference between us and the vast majority of the people who are saying Cameron should have resign is not that they're giving such an instruction when we are not, it is that we are open and honest about it!Chris Whitesidehttps://www.blogger.com/profile/02888720969479013951noreply@blogger.comtag:blogger.com,1999:blog-10815380.post-12346139739225111542016-04-10T15:57:15.271+01:002016-04-10T15:57:15.271+01:00Yes, that's a very good link. It obviously baf...Yes, that's a very good link. It obviously baffled the BBC journalists who clearly did not know how to respond when the expert said this story amounts to<br /><br />"man makes a modest investment and pays all his tax."Chris Whitesidehttps://www.blogger.com/profile/02888720969479013951noreply@blogger.comtag:blogger.com,1999:blog-10815380.post-32104965174178179802016-04-10T15:01:29.198+01:002016-04-10T15:01:29.198+01:00Think you may be interested in This tax expert sla...Think you may be interested in <a href="https://www.facebook.com/rob1972/videos/10154110453578000/?fref=nf" rel="nofollow">This tax expert slapping the BBC off its soap box</a><br />Jimhttps://www.blogger.com/profile/00373005279697295131noreply@blogger.comtag:blogger.com,1999:blog-10815380.post-8345032434186146642016-04-10T14:43:08.073+01:002016-04-10T14:43:08.073+01:00OK, with you.
My only real problem is that tax av...OK, with you.<br /><br />My only real problem is that tax avoidance is so difficult to do, I want the government to simplify the tax system to make tax avoidance easier. I do everything I can to avoid tax, its pretty much one of my hobbies. So I certainly wont condemn anyone else for doing it. Thats why I cant write a letter, Im not a supporter of a "Cameron Resign" campain, and if I was it would not be for reasons of him avoiding tax.<br /><br />The way I see it is "Tax evasion is illegal, tax avoidance is a duty"<br /><br />Thats why the term "aggressive tax avoidance" just does not make sense to me, its like aggressive sticking to the speed limit.Jimhttps://www.blogger.com/profile/00373005279697295131noreply@blogger.comtag:blogger.com,1999:blog-10815380.post-77021098696927461672016-04-10T14:33:24.661+01:002016-04-10T14:33:24.661+01:00It's not a major difference. The reason I sepa...It's not a major difference. The reason I separated out "Offshore" for points 1) and 3) from "tax efficiency" in 2) and 4) is that much of the press and social media comment and the Cameron family finances appears to assume that any financial arrangement involving a company registered in a country other than Britain must be a tax dodge.<br /><br />So 1) and 3) refer to foreign investments particularly those made in or through a company registered abroad. While 2) and 4) refer to all tax efficient investments including those like ISAs which do not have a foreign component.<br /><br />Of course, it is simply not true that the only reason to invest or borrow money from abroad, in either direction, is do to with minimising tax. My first mortgage, arranged from a building society based in Yorkshire, was at dollar interest rates and I seem to recall it involved borrowing the money for my first house from the States because dollar interest rates were cheaper at that time. Nothing whatsoever to do with tax.<br /><br />On option 2, I doubt if more than a very tiny minority will have sent such a letter.Chris Whitesidehttps://www.blogger.com/profile/02888720969479013951noreply@blogger.comtag:blogger.com,1999:blog-10815380.post-47427778705130568082016-04-10T14:07:06.936+01:002016-04-10T14:07:06.936+01:00whats the difference between options 1 and 2, I ...whats the difference between options 1 and 2, I know its fairly close and close.<br /><br />Though judging by the other options, I think option 2 was meant to say "The minority" or words to that effect.<br /><br />:-) Jimhttps://www.blogger.com/profile/00373005279697295131noreply@blogger.com