hockey adviser caught up in tax minimising, page-8

  1. 30,924 Posts.
    lightbulb Created with Sketch. 174
    "Anyone may arrange his affairs so that his taxes shall be as low as
    possible; he is not bound to choose that pattern which best pays the
    treasury. There is not even a patriotic duty to increase one's taxes.
    Over and over again the Courts have said that there is nothing sinister
    in so arranging affairs as to keep taxes as low as possible. Everyone
    does it, rich and poor alike and all do right, for nobody owes any
    public duty to pay more than the law demands."

    Judge Learned Hand.

    Sometimes the boundary between tax avoidance (minimising) - legal, and tax evasion - illegal, is blurred. Which is where the courts come in.

    If the bloke is a genius at minimising taxes, and has amassed a $1.8bn fortune, he sounds like the sort of guy governments SHOULD be taking financial advice from. And if you want to eliminate legal minimising schemes, well, poachers make the best gamekeepers.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.