Tag: Kathleen Hill

Churchill and his Taxes: “Genius has many outlets”

Churchill and his Taxes: “Genius has many outlets”

Taxes and the Man

On the mat­ter of Churchill’s tax­es, a friend quotes a very good his­to­ri­an we both respect: “His rela­tion­ship with the tax­man was scan­dalous. As Chan­cel­lor of the Exche­quer, Churchill exploit­ed tax loop­holes and he retired as an author on more than one occa­sion to avoid pay­ing tax.”

My friend writes: “Sure­ly what Churchill did was just on the bor­der­line of tax-opti­miza­tion? It would only be scan­dalous if it was tax eva­sion. But it was in fact legal.”

I am not an expert on Churchill’s tax­es. I accept that he took what­ev­er mea­sures that were open and legal to min­i­mize the bite.…

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