Wednesday 25 June 2014

Hypocrisy

For reasons best known to himself, Charlie Elphicke MP has called for accountants who promote aggressive tax avoidance schemes to face criminal prosecution.

Elphicke, a former tax lawyer, has said (according to AccountingWeb) that he has tabled a series of amendments to the Finance Bill that would make it illegal to help clients to invest in schemes designed to avoid tax.

Elphicke said he wanted to start a discussion about the morality of tax avoidance.

As at the time of writing evasion is illegal, but avoidance isn't. A former tax lawyer calling for the prosecution of those who promote avoidance schemes seems a tad hypocritical to me.
Tax does have to be taxing.

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