Friday, 22 June 2012

Just Greedy

It has been revealed that comedian Jimmy Carr has been paying tax at just 1%. Given that he is already a very rich person, it is just plain greedy.   The Prime Minister thinks it is morally wrong, other have said he is acting within the law and if anyone is to be criticised, it is the Government for not closing tax loopholes.
The two views are not mutually exclusive.  In terms of avoiding tax, the arrangement seems little more than fraud.  Mr Carr gives someone else his pay then borrows it back as a 'loan'  - but a loan he won't be asked to repay.

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