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The FT supports massive corporate tax reform
December 22nd, 2010
The Financial Times is running an editorial today entitled a taxing world which is mostly very good. First, though, after a brief exploration of the UK Uncut phenomenon ("the group has a point") there is something we’d disagree with. The FT says this:
Tax avoidance is legal and legitimate. Unlike tax evasion, it is not obviously immoral to exploit the tax code to pay the least that is legally required.
It is up to government to plug the leaks, the FT said. No. For starters, as we constantly argue, what is legal is not necessarily what...
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