Tax avoidance might be legal but it's time we seriously questioned its ethics
Nicholas Lord, University of Manchester Remember, remember, the 5th of November. Not, this time, for gunpowder, treason and plot. But for the news break by the International Consortium of Investigative Journalists (ICIJ) of the so-called “Paradise Papers”, a leak of 13.4m files detailing the financial behaviour of individual and corporate elites, many of whom use offshore financial centres to avoid paying tax in their home countries. This is a major leak that not only questions the opportunities available to the wealthy in arranging their taxes, but also the extent to which governments facilitate such enduring arrangements for the benefit of an elite minority. Tax takes many forms: income tax, corporate tax, land tax, capital gains tax, death tax, inheritance tax, sales tax, customs and excise tax, and value-added tax are all available to governments. Plus many more. Paying our taxes to fund public policy initiatives and investments is a central necessity of most s...