The veteran tax justice campaigner Richard Murphy told me that the practice of individuals pretending that they were companies caused \”a massive leakage of tax revenue\” – made up by the poor saps who pay at the full rate. \”They have all the tax advantages of a company without the obligation to tell the world what they are doing, with the privilege society has granted them.\”
And here is the article showing you how to do this, by one Richard Murphy.
Now Ritchie tells us that this was penned in 2003 to expose the practice, to make people aware so that it would be stopped. And it is true that the company that Ritchie was using to do exactly this stopped trading in 2003.
At which point he opened another one and carried on doing it until at least 2007.
Such terrible, heinous, tax abuse, eh?