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  Old Labour prejudices are still alive I see....
  
  I do not consider it in any way moral for any Government to excessively tax its population. If such 'taxploitation' takes place then I dont blame anyone for acting in a way that protectes their interests.
  
  I note this week that the favourite newspaper of the left, The Guardian, in the form of Polly Toynbee is waging a tax campaign against 'tax avoidance'. Interesting that seeing that the Guardian is itself a part of a huge tax avoidance scheme involving off-shore trusts. It is commented about on Guido's website who has a page of their annual report posted.
  
  In their annual report Guardian Media Group made £306.4 million before tax. They use a trust and a Caymans Islands offshore corporation to avoid stamp duty. They managed to obtain a rebate of £800,000 in tax last year, less than they paid their chief executive who earned £827,000. They paid just £800,000 in corporation tax.
  
  I call that hypocritical. Once again, as we have seen from the four Labour Peers, it is socialists who are in there with their noses in the trough with the worse of them.
  
  What is moral by way of taxation is for the Government to use tax only to raise the revenue it needs to deliver essential services and not as a cash cow or a means to 're-distribute' wealth. Taxes should be at a minimum level.
  
  It was shown that lower taxes on higher earners actually increases the level of tax revenue raised from the higher earners.
  
  That does not of course answer DT's question about defining morality. That is too big a question to answer here and would bneed a lot of thought for which I dont have the time. But for me in my business it can be summed up by not recommending an action that I would not take if I was in the client's shoes and conversely, to recommend the actions that I would take if in a clients position. OK, there is more to it than that and indeed other aspects to morality that transend the rule books but in my business that is a good place to start.

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