I heard a ripper of a story some years ago about an enterprising firm in UK, who, in order to save themselves and their employees money, decided to pay them in cash. Well, actually SOVERIEGNS. A soveriegn of course has a face value of one pound, so assume the gold value of the gold in a soveriegn was worth 500 quid, then the worker earning 500 quid actually got paid 1 quid in the form of a soveriegn. Too low to pay tax
. He then trots down to the jeweller or coin shop and sells his soveriegn for 500 quid.
The scheme did not last long though - the rip off tax man soon plugged that loophole
If only...............................