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Villager Leader
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Posts: 5,749
Join Date: Jun 2004
Location: virtualcity, ,
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imported post -
02-03-06, 11:49 PM
Some of Britain's richest people pay remarkably little tax. A Money Programme special investigates how they do it. Billionaire retailer Philip Green manages it because his family moved to Monaco.
If the taxman gets too demanding, wealthy individuals and companies will simply relocate abroad. “The more they squeeze the pips, then the more that the fruit is simply going to leave the tree.�
http://news.bbc.co.uk/1/hi/business/4763984.stm
More info on Tax avoidance
http://money.guardian.co.uk/tax/
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