Monday, 28 January 2013

Company Taxation

There is a lot of hot air being spouted by politicians on the vexed question of company taxation.In a tax case in1929 the celebrated Scottish judge Lord Clyde made the following pronouncement : "No man in the country is under the smallest obligation, moral or other, so to arrange his legal relations to his business or property as to enable the Inland Revenue to put the largest possible shovel in his stores. The Inland Revenue is not slow, and quite rightly, to take every advantage which is open to it under the Taxing Statutes for the purposes of depleting the taxpayer's pocket. And the taxpayer is in like manner entitled to be astute to prevent, so far as he honestly can, the depletion of his means by the Inland Revenue"

1 comment:

  1. I know this isn't relevant to your post, but passing this message on:


    Tomorrow (5th of February), the first bill proposing same-sex marriage is going to be heard in British Parliament. I ask you to join me, and many others, in the praying of a rosary tomorrow to ask for Our Lady's intercession in this. We are aiming to pray together at 12 am, noon (GMT) tomorrow. Pray whatever you are able to do - a decade, a Mystery, the full Rosary, even a short prayer to Our Lady - to beg for her help. It is our hope that if Catholics pray together for this, we can gain Our Lady's intercession in this dark hour.

    Please pass the message on any way you can! Email, blog, text, social media. 12 am tomorrow - a worldwide rosary for the defense of marriage.

    God Bless.

    Maria Kolbe