What to avoid taxes? Legally? I know a way, because I haven't paid income tax for years, and I pay very little in consumption taxes either.
Now that the Panama Papers have been revealed to the world, we are again reminded how the rich scam the system for their own selfish benefits. Our lame leaders tell us we have to accept austerity because "there isn't enough money", while billions, if not trillions, of dollars are being hidden from the taxman by pathological cash collectors.
I have something in common with those wealthy tax avoiders - I pay little very little in taxes. But I do it legally and ethically. In Canada, individuals with low income pay little to no income tax. I imagine that this is similar in most developed nations.
Not that I have a problem with taxes. A democracy will thrive when everyone pays their fair share. But I don't mind not funding war. Or corporate welfare. Or paying the way for rich people shirking their civic and moral duty.
According to a Tax Justice Network report from 2011, Canada loses an estimated $80 billion per year to all forms of tax evasion.
I don't need an offshore tax shelter ran by sleazy big time law and accounting firms to avoid taxes. I just have to be comfortable living with a low income, and curtail my consumption.
Trying to buy everything by hiding your money and avoiding paying taxes is a hassle, and in some cases illegal. Maintaining a low income and buying next to nothing to avoid taxes is easy. And within the law, as well as ethical. It is also good for the Earth.