Paradise Papers

[pete-p]

Originally Posted by Dezzy

It's not the TAX that's an issue I'm sure he pays a lot of it. But it's the 100% of the VAT claimed back through the legal loophole even though he was planning to use it a 3rd of the time. That's wrong. No different that using a company car for private use and then making out it was all business use.

It's the VAT on the purchase of the plane which was refunded, so presumably (I've not seen enough to know) VAT is paid by Lewis or other users on the usage when leasing it.

Wealthy individuals and businesses will always look for the most tax efficient way to manage finances. It's nothing new and is often reported, it may not be morally right and that's where businesses should have a good code of conduct/ethics, customers can always vote with their money. As for individuals, we are probably talking about the 0.01%, I'm not all that interested in how they conduct their private affairs to be honest and quite often they do a lot of charity work and help raise awareness of other issues anyway.