Benefits cheats are carrying out a criminal offence, so they reap what they sow. I think YABU to suggest this is somehow OK.
Tax avoiders (not legitimate tax planners) are currently not committing a criminal offence but are exploiting the law artificially, so it is of questionable morals. I think YANBU to compare the questionable morals of benefit cheats and tax avoiders.
Tax planners act within what tax law intends are quite rightly arranging their financial affairs in a tax efficient manner.
HMRC state:
Tax avoidance is an attempt to exploit legislation to gain a tax advantage that was never intended. This often involves artificial transactions that serve little or no purpose other than to produce a tax advantage.
But tax avoidance is not the same as tax planning, which involves applying tax legislation in the way it was intended - for example saving in an ISA (Individual Savings Account) where you don't pay tax on the interest.
No-one should have to pay more tax than they need to and the law supports tax planning breaks for legitimate investment, enterprise and savings. Take a look at Icebreaker Management's website, particularly the portfolio of artists where £300million was 'invested' (mainly past their prime and no wonder they didn't make huge profits) and read the CVs of the people who have set it up, interesting reading.
If you enter a scheme where the only aim to to create tax losses rather than pursuing a business purpose then it is entirely correct that all of the investors pay the tax due.
If you knowingly enter a scheme that artificially exploits the law then it is greed, nothing more. High net worth individuals are in an incredibly privileged position and it is galling that they think themselves above the law by getting involved in artificial schemes.
Jimmy Carr is still working so he rode at the storm and I expect that is what will happen to the Take That guys involved once the dust settles. There are lots of celebrities doing this kind of thing, so I expect more of them will be uncovered by he media soon enough.
Sorry, a bit longer than I was expecting, oops.