Friday, 8 April 2011
Avoiding Tax Avoidance - MP's Special Exemption
Copied directly from the Telegraph:
“Complex and at times draconian draft tax legislation, which has the potential to impact on any employee or employer in the UK, is contained in the Finance Bill.
“HM Revenue & Customs says that this legislation is only there to stop ‘tax avoidance’. However, Section 554E(8) specifically exempts members of the House of Commons and the Independent Parliamentary Standards Authority from the new legislation in situations where they are actually caught by it.
“If the legislation is fair and proportional, what is the need for a specific exemption for members of the House of Commons? Why don’t they rely on the same arrangements that every other employer and employee in this country has to rely on?
“If the legislation only targets tax avoidance, why is there a need for a special exemption for MPs?”
Posted by Hacked Off at 09:27