Prime Minister David Cameron said that although he had not had time to look in detail into The Times investigation into tax avoidance schemes (£), he wants to take action to stop such schemes enabling top earners to deprive the public purse of up to £4.5 billion per year.
Mr Cameron stressed that there was "nothing wrong" with people planning their tax affairs or investing for their retirement, but said the Government was determined to crack down on the various "very dodgy tax avoidance" techniques currently being used.
Comedian Jimmy Carr has admitted he made a "terrible error of judgement" over his tax arrangements.
Jimmy Carr did not break the law, but he exemplifies the feeling that the rich live by different rules than the rest of us.
The Government has re-stated it will crack down on the shady world of tax avoidance. Laws to do so may now be fast-tracked.