I don’t like the idea of the rich getting richer by avoid paying taxes. However, hearing that Barclays Bank has been fined half a billion pounds for helping people avoid tax legally, makes me feel very uneasy and see the shadow of Big Brother growing yet larger.
If you create a fiendishly complicated taxation system, with so many twist and turns that it would make most people’s head spin, then is it an wonder that clever people will find equally fiendish ways around that system? The government crying foul because they didn’t spot the loophole is not just sour grapes on their part, it also smacks of something a dictatorship would do.
If our supposedly democratically elected government can change the rules, making what was legal, illegal and retrospective, where does it stop? What if the government runs out of money to keep inflating their scandalous overseas aid budget, or to continue subsidise wind turbines, might they decide that basic rate taxpayers should of been paying 5% more tax for the last 3, 5 or even 10 years?