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User Name Thread Name Subject Posted
Ringer BS: Spending Cuts UK - The Thread (249* d) RE: BS: Spending Cuts UK - The Thread 29 Oct 10

So you do have some ISAs, then?

The whole purpose of ISAs is that no income tax or capital-gains tax is payable on them; they are therefore "artificial" in your sense. I'd have thought that someone who could say (with a straight face), "Registering a company in a tax haven should be re-categorised as tax evasion rather than tax avoidance, and punished accordingly. The same should goes for any artificial contrivance for avoiding tax, if the primary reason for setting it up is to get out of paying tax," would have put his spare cash in a taxable savings vehicle, since he obviously regards tax-paying as so virtuous an activity.

Myself, I think I am a better judge of where my money should be spent than is any politician. When someone takes my money against my wishes I regard it as no less objectionable if he happens to be "the government" than if he is a thief.

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