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As the cabinet papers of September 1987 noted, it is "a generally recognised tax shelter", which is a polite way of saying a legal tax rort.
The submission notes that abolition of negative gearing was done to "partially close off a generally recognised tax shelter" and that such a rationale remained "broadly valid".
It was attended by Simon Pak, an internationally recognised tax expert, with a view to strengthening the Tax Justice Network in Latin America and tackling some of the more regressive policies in the region.
He found the most common destinations these UK residents are flying to are recognised tax havens.
Because we and the territories know that the bar will rise and more agreements are being discussed and signed with nations on the "white list" of countries that use internationally recognised tax standards.
Wilson Security, whose security contract for Manus Island and Nauru expires next month, is privately owned by the Kwok family through a corporate structure that includes companies in the British Virgin Islands, a recognised tax haven.
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Until last month, when authorities agreed to work with foreign police hunting down fiscal fraudsters, Liechtenstein had refused to recognise tax avoidance by overseas clients as a crime.
Pension experts have long recognised that tax reliefs are wildly imbalanced, but nothing has been done as politicians fret about the grey vote.
MEPs also want to put an end to the practice of having a payment recognised as tax deductible in one jurisdiction but not recognised as taxable income in the other.
We see the religion struggle to be recognised as tax-exempt by the IRS and how former members of the church believe it is exploiting such status to stash billions of dollars in properties around the world.
It recognised that "taxing the rich would go down well with Labour's core vote" but believed there was "a whiff of desperation" about the announcement: "Ominously for Mr Balls, Lord Myners, a former Labour minister under Gordon Brown, has already condemned a return to the 'politics of envy'..
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com