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The rich getting richer is a good thing, haven't you heard of the trickle down effect...
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A view from Germany (in English)
https://projekte.sueddeutsche.de/par...-leak-e969006/
Found.
You seem to act as if it's a massive conspiracy. It isn't. HMRC for example can retrospectively act.
Example; in IT there were numerous schemes where income went to off shore Trust who then "loaned" you the money; every year loans would be written off. It was ridiculously obvious the intent - I told one of those accountancy companies spinning it to **** right off. For one thing, should that Trust be taken over and loans demanded, you're financially ****ed. Equally, only way to prevent that is documentation up front proving loans would not be paid - which exposes the concept.
From the day those schemes were clamped down on, HMRC could act retrospectively - meaning you would get penalised for years where those schemes were deemed legal, which craps all over justice.
Equally, the system is so bloated, there's no definite law. It's all interpretation - accountants interpretation and HMRC's interpretation. There's no guarantee HMRC have things right, only way of finding out is testing in the courts.
What we really need is to streamline the tax system, simplify around a few understandable concepts.
It is complicated for a reason, misdirection.
There appears to be a lot of movement of staff between HMRC and big business that benefit from 'finding' the loopholes. The government tell me what tax to pay, they effectively ask mega rich and big businesses what they would like to pay.
You know you are ****ed when the woman whose face is on the currency doesn't even keep her money here.
Shouldn't this be in the politics forum?
They haven't fixed it due to it requiring parliament to severely curtail HMRC's powers.
The quickest way to fix it is to go through the ridiculously large number of tax guidelines and simplify them. Do that and the likes of Corbyn will funnily enough play politics with it.
It started out with a trick, how did it end up like this? It was only a trick, I'm Mrs Brighthouse ..
https://projekte.sueddeutsche.de/par...-firm-e567616/
Not really a conspiracy, the facts are there for all to see. If you are looking for a motive, just ask the question who benefits? You are saying the situation came about purely by accident rather than design, which is fair enough, but there is no reason to call people who don't agree with you a conspiracy theorist in defence of your arguement. Do you even know how the term conspiracy theory came about?
Odd that this story " breaks " just in time to take the heat off the Westminster perves scandal.
Let's run with your theory that the tax code is riddled with holes purely by accident, so how would you go about explaining the existence of the tax havens located in British overseas territories? It does seem too good to be true that the wealthy can to take advantage of an accidentally designed tax code, in order to avoid paying tax using this system. Some might say it is a match made in heaven. Ok go on then, call me a coincidence theorist if you must
Wonder how many of us are using google at the moment..