The World according to Gaar
13 September 2012
Will it happen or won’t it happen? And, if it does, what will it mean for tax advisors? It’s a complicated world of tax avoidance law
Ever since the present Labour government was elected, tax advisers have been following with interest, and a degree of trepidation, the steps taken by the Inland Revenue towards the introduction of a GAAR - a general anti-avoidance rule giving the Inland Revenue powers to strike down tax avoidance.
A report by the Tax Law Review Committee, part of the Institute...