3 ms·
I suggest you read the article more carefully. The comedian in the article is being investigated for using a tax shelter to evade British taxes. If you read m
by rprasad 14y ago
I suggest you read the article more carefully. The comedian in the article is being investigated for using a tax shelter to evade British taxes. If you read more about the K2 tax shelter, you will learn that British tax authorities consider it to be illegal (obviously, taxpayers using the K2 do not) and are launching enforcement actions.
- sparkie 14y agoThe article doesn't say K2 is considered illegal, rather, it clearly states "legal, but aggressive." It does say the scheme is under investigation, but it's not declared illegal yet. The icebreaker one is. My linking to the article wasn't just to point out these specific schemes, but more to just highlight the scope of tax avoidance/evasion. There are many loopholes that get abused, some get fixed, although not always in a timely manner.