I think you simply didn’t understand me. I’m talking about tax dodging by wealthy people. If you think this plan doesn’t already have convenient loopholes, then I’m afraid you are naíve to think wealthy people are simply going to pay up.

I have fair bit of insight into the UK tax world through CA circles. In fact, if you like reading, I would recommend a book called “Taxtopia” that was just recently published. That might serve as a good introduction.