Tuesday, February 28, 2012
I hope you've all got this straight
It would be a shame to get confused about something so simple.When the board are paid massive salaries, it's a rapacious abuse which is misappropriating shareholders' funds. When they raid the same coffers to support second-rate performances and exhibitions they're national benefactors (src).When a company offers cut-price rental properties to charities to reduce their council tax liability, it's bad (src). When they reduce their corporation tax liability by donating to charitable trusts which buy artworks 'for the nation', they're good.I'm glad we've got that sorted. For it would be terrible, wouldn't it, if the rule was simply, 'You can only reduce your tax liability in ways which don't get leftie media types into a most frightful bate'.