Monday, 4 April 2011

Today's Quote: Tax Avoidance

"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."

Ayrshire Pullman Motor Services and Ritchie v. IRC (1929) 14 TC 754, Lord Clyde at p764

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