were_gopher: (Default)
were_gopher ([personal profile] were_gopher) wrote2015-02-13 12:10 pm
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My tweets

[identity profile] coth.livejournal.com 2015-02-13 04:38 pm (UTC)(link)
Um. Retweet if you do "not" avoid tax?

What he means is: everyone with any money to worry about avoids tax. Which (imho) may be true.

There are an awful lot of taxes and an awful lot of ways to avoid them. Here are some ways to avoid tax:

Saves into a pension plan.
Save into an ISA.
Stay in a part-time job because to go full time is to pay (m in the ore) tax.
Buy something second hand you could have bought new.Marry someone.
Build an extension on your house instead of moving.

[identity profile] were-gopher.livejournal.com 2015-02-13 07:32 pm (UTC)(link)
And this is the problem with twitter. It makes it even easier to reduce what was quite a long piece in the news to an even smaller and more context removed soundbite than ever. We know there's a difference between reducing your obligation by the widely available means and saying 'stuff you, I have expensive accountants and bank accounts on three continents' but you can't get that into 140 characters including hashtag.

[identity profile] coth.livejournal.com 2015-02-15 10:36 am (UTC)(link)
Agreed.

Even the slightly longer length available in LJ isn't always good for saying exactly what you mean though. What I was getting at was that every level of wealth has a standard means of avoiding tax, and I at least have no way of knowing whether Lord Fink really is sticking to the 'vanilla plain' methods everyone uses at his level or if he goes over and above. But the three bank accounts and expensive accountants probably qualify as pretty normal for someone in his bracket.