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There is deep dishonesty, or at least incorrigible evasion, at the centre of this middle way.
Amazon and eBay have been accused by MPs of profiting from VAT evasion at the expense of taxpayers and UK businesses.
Other offshore centers and havens have faced the same pressures, as government crackdowns and data leaks have exposed tax evasion at the highest levels.
The spokesman's remarks are a more narrow denial of what Treasury ministers knew about the scale of tax evasion at the bank.
Son Kil Seung was arrested on Friday on charges of embezzlement and tax evasion at the group, an energy and telecommunications company.
But No 10 aides said ministers including Cameron only knew individuals were being challenged about tax evasion at the bank, but were not aware of the bank's complicity in wrongdoing when reports emerged at the weekend.
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The ongoing problems (and evasions) at the Fukushima Daiichi nuclear reactor in Japan also barely raised an eyebrow here.
Pakistan's taxation system is equally shambolic, being marked by rampant income tax evasion at even the highest levels of government.
"Tax evasion is at the heart of the world's shadow financial system and constitutes a significant component of illicit financial flows," said the report.
"Most of the tax evasion happens at the very, very top of the wealth distribution," said Gabriel Zucman, one of the researchers.
Senator Baucus said that if the estimates of tax evasion cited at the hearing were correct, then a crackdown could raise $300 billion annually.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com