Just something I found
Well, now that the “paradise papers” have “pulled back the curtain” I have the following to share from 1929... Yeah, 1929:
As Lord Clyde famously outlined in his judgment in a case brought by the Revenue against a tax avoider in 1929:
“No man in this country is under the smallest obligation, moral or other, so to arrange his legal relations to his business or to his property as to enable the Inland Revenue to put the largest possible shovel into 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 purpose 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 Revenue.”