“What the Paradise Papers has exposed is legal, so what is the problem?” They have an agenda, of course. Using sophisticated loopholes to avoid tax on an industrial scale is a choice, a conscious decision, that an individual or business has to take. Those who crow about the “legality” of tax avoidance are, of course, being disingenuous. This level of tax avoidance requires an encyclopaedic knowledge of tax and the law, and extraordinary amounts of cunning, pedantry and sophistication. No, this form of tax avoidance is the preserve of a super-rich who can afford to subvert the law’s intentions.

Source: The Guardian November 07, 2017 12:30 UTC