The Rules of Wealth, 4th Edition

RULE 83

Be one step ahead of your tax collector

You must never ever try to evade paying your taxes. If you do you will go to prison – and quite rightly so. No, I am not on the side of the tax collector. There’s a difference here between evade (criminal) and avoid (sensible). There is a line between making sure you aren’t giving money unnecessarily to the tax collector – avoiding – and deliberately evading tax illegitimately. Cross that line at your peril. But there should be no need to do so. There are many good people out there who will give you all the advice you need.

The more money you have, the greater the need to avoid tax – I stress this is not the same thing at all as evading – and the more expensive it becomes to do so. Obviously there ...