The whole tax system needs simplifying and that would go a long way towards closing loopholes. It is so complicated the Revenue and Customs don't even understand it, especially since they got rid of their most senior people as a cost cutting exercise. Btw did you know that their London offices were sold to a company and then rented back on the basis that this would save money. I don't know if it was an economical move but the company in question is incorporated offshore and pays no tax in the UK.
st teresa's convent sunbury-on-thames



