this post was submitted on 21 Aug 2024
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And Finally...
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Because doing crap like this is how the rich avoid paying their fair share of taxes.
And yes running it a loss is a legitimate thing:
That's just an off the cuff example, obviously it can be a little more complicated depending on the jurisdiction
In the UK it is not a crime to avoid tax. Nor most places.
The fact the tittle says its a.probe for avoidebce. Is the question im asking.
Evation is a crime.
Definition wise Avoidence is what every britt with a IRA style savings account is doing.
This company is claiming openly and legally that running a snail farm is a way to avoid paying local buisness rates. As they do not apply to farming.
My comment about morals was based on the comment claiming it not being profitable is evidence. There is no crime in running an unprofitable company. And theor are many moral reasons to do so.
The reson for this is identified in the article. And is def avoidence.
Ill also add. While I have no sympathy for commercial landlords. The companies are in danger atm as UK high streets are not able to rent property.
Buisness rates are not based on profit. They are based on the building.
If a company has loads of empty not earning buildings. At a time where they are not renting or selling well(at all)
Its really not imoral for that comany to look at ways to reduce fuxed costs.