Tax havens are essential and do us all a favour
And I would be surprised if readers did not make use of pension tax reliefs and the tax-free lump sum we receive from pension funds.
Those readers who are self-employed will, no doubt, do their best to ensure that they claim the maximum expenses against their income. All this is absolutely right and proper. Our first responsibilities are to our families, not the state, as long as we give the state in taxation what we legally owe.
However, as soon as we see companies making use of special allowances and schemes to reduce their tax bill, there are furious denunciations. Google, Starbucks and many other companies are vilified for trying to reduce their tax bill by using “tax havens”.
Blog taken from the Telegraph. Read the full article here.