this is another good example of a legislative that seems geared to keeping the rich rich.
The issue seems to be around the scale of ‘tax offset’ and the perception in the minds of most people about what is a fair amount to pay.
So just looking at Income Tax;
Case 1, I can guarantee nobody on this forum decides to waive all of their tax allowances and voluntarily pay tax at 100% to their tax authorities i.e. give the whole years income to the tax man. If anyone gets on a moral high horse about ‘we should all pay more tax’ then they can feel free to write cheques to the tax authorities - I don’t expect many to do so.
Case 2, I’m happy to bet that everyone on this forum who pays income tax takes their allowance of deductibles e.g the first xxxx EUR are tax free, the next yyyy at zz% etc
Case 3, I for one (but I suspect many fall into this) include items in my tax return that I’m entitled to, eg I claim back tax on charitable donations made through monthly standing orders. I also offset business miles driven for work against the benefit cost of fuel supplied by my employer. It’s purely legitimate to do so and I’d feel pretty aggrieved if anybody said that reducing my tax bill by small amounts such as these were repugnant.
Then we get to the more interesting parts;
Case 4, someone employs an accountant to do the same as Case 3, a Joe Public using an accountant to keep the tax bill down - it seems fair enough and therefore not repugnant but we end with a situation where
"The also quoted how much Wayne Rooney had paid in income tax the previous year. It was less than I’d paid. How? He earns more in a year than my close family will earn, collectively, in their lifetimes yet paid less tax than a public employee."
I agree with David’s comment that there is something wrong here but the problem is more with the system than the individual.
Let’s move on to more
Case 5, people buying and, shuffling assets around through legal financial schemes and leasing back the same assets to avoid a £3m VAT Payment
Case 6, Apple moving assets (including the intangible IPR - Surely IPR should be taxed where the employees thought it up???) to reduce their tax bill by circa 8 billion USD per year.
At this end of the scale I’m upset to see systems being abused and poorly policed but can’t help think that someone somewhere is letting this go on.