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* The Generic Laugh at celtc Thread *


dummiesoot

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Someone can confirm?... I thought EBTs were legal at the time, if not immoral?

I thought tax avoidance is illegal through means of hiding ur money in various companies.

Or are the two things hand in hand. And one as bad as the other

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6 minutes ago, Ryju84 said:

Someone can confirm?... I thought EBTs were legal at the time, if not immoral?

I thought tax avoidance is illegal through means of hiding ur money in various companies.

Or are the two things hand in hand. And one as bad as the other

EBTs are a tax avoidance scheme, it's tax evasion that's illegal, for example just not paying your tax.

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On 4/15/2016 at 9:09 PM, WCPRANGERS1 said:

EBTs are a tax avoidance scheme, it's tax evasion that's illegal, for example just not paying your tax.

Not keen on people who do not pay their taxes but have no time for a government organisation that hounds people for things they never objected to at the time while allowing huge corporations to avoid billions in tax

If HMRC had come out at the time and stated EBTs were not going to be allowed this would never have happened and supposedly some of their latest victims actually had letters from them years ago stating the schemes they used were legal. 

they should not be allowed to change that retrospectively even if we don't like the people who used the schemes

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