The rich avoid tax? Well I never...

George Osborne, the Chancellor of the Exchequer and the man responsible for the UK’s financial matters, was, until last weekend, unaware that rich people have found ways to substantially reduce the amount of tax they pay on their income. You can close your mouths now. Osborne had been sent a handful of “anonymous” case files by HMRC which showed how individuals were able to reduce what should have been a 50% rate of income tax (in some cases at least) to just 10%. “I was shocked to see that some of the very wealthiest people in the country have organised their tax affairs, and to be ...