Diego Zuluaga appears on BBC Radio Manchester
In the interview Diego argues that people who engage in these schemes have the resources to get good advice and to make arrangements in this way. Some of the provisions of current tax law are bizarre in the way you can for example avoid paying tax on certain items that you purchase depending on where you’re located. But this is really a non-scandal; this is people doing legal things with their money and behaving in the way we expect everyone to behave. We have isas in this country which provide a means of avoiding tax on our savings – it’s not unusual at all.
To listen to the full interview click here. Diego’s segment begins at 2:47:00
Further IEA Reading: Offshore Bet: The benefits of capital mobility