14/12/2012

...AND ANOTHER THING

I see Cllr Taylor is getting a bit upset with those companies who avoid paying their fair share of tax

He claims that Britain is a soft touch!

Well maybe he should write a letter of complaint to The Rt Hon Margaret Hodge MP - Chair of the Public Accounts Committee who, it has been revealed has shares in the family company, Stemcor.

Although the majority of her investment is reported to be held in trust for her children and grandchildren. Surely, in the councillor’s view, this is a typical example of tax avoidance, and therefore, as Councillor Taylor suggests; Margaret Hodge must be sent to try it in China!

Now personally, I would say that it isn’t tax avoidance as it is the simple use of the law to reduce a future tax bill. Just like the use of ISA’s are; in other words, a ‘tax-free’ form of saving for the rest of the populous.

So, rather than going off half-cocked, tilting at windmills, the councillor might have been better employed addressing his anger at the Muppets who made the tax laws.

The political class, of which he, is one!

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