Wednesday, April 11, 2012

Osborne and Cameron Relaxed about Tax Returns

Well they would be wouldn't they. With million pound assets, and the capability of organising their affairs so as to reduce the amount of income that appears on their tax returns they don't have a problem really.

As the beneficiary of an offshore trust (that owns 15% of Osborne and Little) the chancellor could of course just take loans from the trust - which don't count as income.

And let's face it, the whole point of Tax Avoidance is not showing income on your Tax Return surely.