Tuesday 13 July 2010

Do As We Say - Not As We Do

Snouts in the trough
Given that the last and the current government were/are doing their best to "illegalise" the perfectly legal and perfectly rational practice of tax avoidance, I was amused to read an article in Citywire about the soon to be emasculated government organ the Financial Services Authority (FSA).

Seemingly, the FSA have paid £230K to KPMG for tax advice for 43 international staff on secondment in 2009.

The FSA are quick to point out that:

"The tax advice relates to the individual's FSA remuneration and the actions which the FSA must take to fulfil its tax obligations to HMRC."

Nothing to do with tax avoidance then?

Of course not!

Tax does have to be taxing.

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