article_snippet.sent: However, the real moral of this story is that we desperately need to simplify the tax code to get rid of the loopholes that those with clever accountants can drive a Take That tour bus through. '
article_snippet.sent: Politicians make an awful lot of noise about tax evasion and avoidance but are addressing the symptom rather than the cause.'
article_snippet.sent: That trio have not appealed against last May's tax tribunal ruling that the Icebreaker scheme That trio paid millions of pounds into was created as a way of exploiting legal loopholes.
article_snippet.sent: Money poured into Icebreaker, which used investment in the music industry to gain tax reliefs aimed at boosting the UK's creative industries, did not attract income tax.
article_snippet.sent: But it was ruled by Judge Colin Bishopp that the scheme was mainly for tax avoidance rather than investments.
highlights_snippet.sent: Trio used an 'investment' scheme later found to be in breach of tax rules .
  