Monday, April 16, 2012

The (im)morality of taxes

via- the Guardian.

Tax Avoidance by the super rich is termed "tax planning" - legitimate use of available tax loopholes to minimize tax on absurd amounts of income & wealth (I refuse to be drawn into a pedagogic discussion about definitions of the two terms). This is a facility available only to a select few, couched as it is in legalese, defined & passed into legislation by the "chosen" few, & priced insanely out of the reach of the 99.9%.