The scandal of the day is that comedian Jimmy Carr has been avoding paying large amounts of tax. Really? Him and thousands of others!
I'm not here to either condemn or condone tax evasion, in fact is it actually tax evasion or simply creative accounting? Whatever.............the "facts" seem to be that the financial scheme in question was not illegal and Mr Carr's accountant was
doing exactly what accountants are paid to do. If you have tax laws that are riddled with loopholes big enough to drive a truck through, then you shouldn't be surprised if individuals and major corporations load those trucks to the hilt with cash before driving off!
Whether it is morally acceptable or not
depends on the state of your morals. Personally, I don't like paying
taxes but I do accept that you don't get anything for nothing, and
besides, I neither have the sort of money needed to make these schemes
work or the sort of money required to pay an accountant to operate them, If I did, who knows which side of the moral fence I'd chose to lean against.
David Cameron right to name Jimmy Carr? Absolutely not, technically at least, he has done nothing wrong. If the PM chooses to close the
loopholes in the tax laws and make such schemes illegal, only then should he be allowed to name names.
Of course the press feeding frenzy has already kicked in, Gary Barlow has been named as being involved in a different, but presumably, equally lucrative scheme. In his case, however, his user friendly image seems to have protected him from the PM's wrath. Watch out for more names to hit the tabloids over the next few weeks.
Interestingly, it has also been reported that the Cameron
fortune was founded by his father who headed up a company that
specialized in creating and managing this type of tax scheme!
The pots and kettles are getting decidedly darker day by day LOL