Was about to comment, then remembered my ISAs. Damn, I am immoral as the rest of them!! How very dare I shelter some of my savings legitimately from the tax man?
Its not really the same though is it? You’re talking a few thousand a year, open to everyone, this is sheltering millions in a way that is only legal because they have not found a way to make it illegal… And the people in charge of making it illegal are doing it as well.
The difference between legal and illegal is just time.
The tax consultants just work faster than the inland revenue. They come up with the avoidance system (legal), the HMRC finds out, and clamps down so it becomes evasion (illegal).
David Cameron wasn’t a fan when Jimmy Carr was doing it..
[video]http://www.youtube.com/watch?v=SDzwbrNLNc0[/video]