I will go home and re-examine my life.February 4th, 2013 by Joe Kristan
Margaret Hodge, chairman of the House of Commons public accounts committee, told specialists from PwC, Deloitte, Ernst & Young and KPMG that their skills ought to be directed to nobler ends than minimising tax bills for big business.“What really depresses me is you could contribute so much to society and the public good and you all choose to focus on working in an area which reduces the available resources for us to build schools, hospitals, infrastructure,” she said.
(Via Going Concern)
Not mentioned: somebody has to figure out the the “tax bills for big business.” And for small business, for that matter. Why? Because the government will put the big businessmen in jail if they don’t file their taxes. And because the government passes extremely complex laws that require time and expertise to correctly report.
If the government thinks it’s “noble” to impose taxes, it must be just as noble to compute and report them. And if in its vast nobility the government enables a business to choose a legal means of paying less taxes, is it not ignoble to second-guess the government’s noble intentions by failing to respond to their incentives?
I encourage Ms. Hodge, and any American legislators of a like mind, to release publicly all of their returns, assuming they went through the ignoble process of completing and filing them. If in any instance they failed to choose the form and filing option requiring them to pay the highest possible tax, I will question the nobility of their intentions.