Simon Sweetman Independent Tax Consultant and FSB representative joins the current debate on tax avoidance
Just as I was going to write an article on tax and morality along comes an illustrative tale. In the Sunday Times1 for 18 July the headline reads 'Arsenal Stars Dodge Millions in Taxes'.
There are two immediate thoughts. Mr Murdoch's headline writers will have none of these fancy distinctions between 'avoid' and 'evade' when 'dodge' will happily cover everything. And there might be seen to be an irony in this given that through the deft use of international accounting loopholes and offshore tax havens Murdoch paid corporate income taxes at one-fifth the rate of his chief US rivals throughout the 1990s according to corporate documents and company officials.2
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Simon Sweetman Independent Tax Consultant and FSB representative joins the current debate on tax avoidance
Just as I was going to write an article on tax and morality along comes an illustrative tale. In the Sunday Times1 for 18 July the headline reads 'Arsenal Stars Dodge Millions in Taxes'.
There are two immediate thoughts. Mr Murdoch's headline writers will have none of these fancy distinctions between 'avoid' and 'evade' when 'dodge' will happily cover everything. And there might be seen to be an irony in this given that through the deft use of international accounting loopholes and offshore tax havens Murdoch paid corporate income taxes at one-fifth the rate of his chief US rivals throughout the 1990s according to corporate documents and company officials.2
...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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