onsdag 12 mars 2008

Dodging the tax clampdown

Europe's most expensive real estate, originally uploaded by Bēn.

British tax dodgers will soon find a way round the Chancellor's latest attempt at a clamp-down. Like this, perhaps There is no limit to people's ingenuity.

Living in Monte Carlo would not be my cup of tea, but people are mobile. If governments try to tax them, they will dodge. Land, on the other hand, is fixed and cannot be removed to a tax haven or hidden. If governments base their revenue-raising on land holding, then they will not lose their revenue through tax avoidance.

If you see this and have the Chancellor's ear, could you remind him, please?

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