Uk - Just Another Tax Haven!

[Lonan3]

CLICK! (Or should that be 'Ker-ching?)

 

A recent working paper, commissioned by the IMF, but not necessarily a reflection of its official view, argued that the UK should be classified in the same category as offshore financial centres such as the Isle of Man and Jersey.

 

Darling’s robust defence of UK tax rules comes amid an onslaught against the system from unions and tax campaigners, who have argued that the non-domiciled rules and light company incorporation regime give the UK the classic characteristics of a tax haven.

[Pragmatopian]

I would argue for a flat tax on corporate profits and a flat tax on personal income over a basic allowance. The over-complicated tax systems currently in place in most western european countries create a large administrative burden on governments, companies and individuals, and make avoidance or evasion of tax much easier and more tempting.