What exactly is tax avoidance?

[thunderlizard]

Earning less than the higher rate income tax threshold probably counts as tax avoidance, as does not buying fags and booze.

[Dearnla]

Paying as little tax as possible within the current tax legislation by whatever legal means are at your disposal.

Bit like Tesco, M&S and BP.

[SupremeSpod]

Tax Avoidance

Any form of loophole based mitigation.

[Mich the Tester]

Every man is entitled if he can to order his affairs so as that the tax attaching under the appropriate Acts is less than it otherwise would be. If he succeeds in ordering them so as to secure this result, then, however unappreciative the Commissioners of Inland Revenue or his fellow taxpayers may be of his ingenuity, he cannot be compelled to pay an increased tax.

There there dear, now don't worry your pretty little head about mens' matters.

[cailin maith]

There there dear, now don't worry your pretty little head about mens' matters.

I won't, it's making me a bit light-headed.

I think I'll just go and stick the kettle on.

[Spacecadet]

Paying as little tax as possible within the current tax legislation by whatever legal means are at your disposal.

Bit like Tesco, M&S and BP.

and vodafone (was it £6bn that they recently weaseled their way out of paying?)

actually the list could go on until almost every company in the FTSE 250 has been mentioned

[SupremeSpod]

I won't, it's making me a bit light-headed.

I think I'll just go and stick the kettle on.

That'll be the bloody day!

[Troll]

obvious guilty bloke looking to see how far he can get away with stuff

that's called "'pushing the envelope" and is perfectly legal until the Revenue catch you

HTH

[Jog On]

that's called "'pushing the envelope" and is perfectly legal until the Revenue catch you

HTH

And what happens then?

I've read the phrase 'perfectly legal' somewhere else today... who said that this morning -Oh yes I believe it was Clegg himself referring to 'perfectly legal tax loopholes'

A bit like MPs claiming their expenses on their second home then nominating it as a primary residence to avoid paying tax on it..

[doodab]

This is actually a cunning plan to provoke violent revolution.