"Asked if he would encourage everyone in the UK to pay as little tax as legally possible, Tice replied: Yes, of course, that's what you should do. Tice also used a tweet by the Sunday Times journalist, Gabriel Pogrund, about the story, which confirmed that Tice had paid the necessary tax under the terms of the scheme, to claim the story about him had been misleading."
"We have entered a new a new world where there is a moral imperative now in the United Kingdom that you shouldn't just pay tax as required, he said, arguing that this new moral code would lead to people leaving the UK in large numbers."
"According to the paper, Tice's property company used a rare legal status known as a real estate investment trust, or Reit, which meant it paid no corporation tax between 2018 and 2021. Labour has urged HMRC to investigate the arrangements."
Richard Tice, Reform UK's deputy leader, defended his use of a real estate investment trust (Reit) scheme that reportedly helped him avoid approximately £600,000 in corporation tax between 2018 and 2021. When questioned about the arrangement, Tice argued that individuals should pay the minimum tax legally required rather than the maximum possible. He characterized media scrutiny of his tax affairs as a smear attempt and claimed the Sunday Times story was misleading. Tice contended that a new moral imperative in the UK pressures people to pay maximum taxes, which he argued would drive people to leave the country. Labour has called for HMRC to investigate the arrangements.
Read at www.theguardian.com
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