From The Times, this morning: when will accountants take tax avoidance seriously?

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Paul Mayor says:

January 8 2020 at 9:35 pm

I cannot but help but wonder if the avoidance of tax that has led to the stories of the massive inflation that engulfed the Weimar Republic and, more recently ,Zimbabwe was about too much money chasing too few goods. A government issues a certain amount of money, through spending, in the expectation that much is returned to them through taxation to avoid inflation with the difference being retained by the public at large This ‘excess’ has been captured by tax havens etc which has resulted in the general public, having seen an overall reduction in their living standards, but an increase in cash terms within the public sector, that they have therefore been given plausibility to the lie that ‘increased’ public expenditure is not to the public good
- Richard Murphy says:
  
  January 8 2020 at 9:47 pm
  
  I think that’s simplistic but also not wholly amiss
JULIAN fletcher says:

January 9 2020 at 1:38 pm

The issue is what is acceptable avoidance or is all avoidance unacceptable? The courts/legislation have all but abolished the schemes. Sticking money in a cash box and not declaring the income has and always will be evasion. There are penalties for assisting with evasion. There is no ethical issue with legitimate avoidance ie non schemes butvuding the legislation as intended.