This advert was on the Guardian website a few minutes ago:
Lloyds Bank: saved by the taxpayer to undermine tax revenues. That's a new definition of corporate gratitude.
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Presumably what they re offering is kegal ? . So until it is made ilegal how do you stop them ( legally– forgetting the moral conundrums)?
Do you do things just because they’re legal?
Is that your guide to what to do?
Er ….. in a word … yes.
Doing things because they are legal is not a problem.
My problem is that those in power do not come across to me as being capable, qualified or prepared to run an economy
financially, morally or effectively. It is all too hit and miss. Further, these politicians lie at will , take every advantage and have a
party agenda that seems to forget that they have responsibilities to the people who put them in power.
Yes I will continue to do legal things. When will these politicians learn to be honest and when will it become a requirement that they will be trained to be politicians and not just spin merchants. Ref Cameron and Osborne etc etc
Every other profession demands professional training.
So I opine that we have left it to Corporations like Lloyds to guide the taxpayer. What they are offering is legal. The politicians have not noticed or taken your advice.
So I will continue to point out their failures
To me the emergence of services that are actually designed reduce the take up of the legal right to charge taxes by States is one of the key indicators of a failure to regulate markets by the States themselves. There is obviously a market for this sort of business.
In Harrington’s book, the way this works is described as a ‘cat and mouse’ game between the wealth managers and the revenue services.
I find it incredible that ‘tax efficiency’ is tolerated and it should be stopped by making clear legislation (and other rules).
States have a sovereign right (and a duty) to collect tax to fund the running of the country they manage. This principle was created before that of any corporation I can think of.
To say that certain individuals have rights that override state sovereignty in the context of funding a country’s infrastructure and its functioning as a society is absurd in my view.
It’s an issue I am working on….