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Anti-avoidance drive could push corporates out

by Paul Grant

More from this author

17 Jan 2006

The UK's tough stance on anti-avoidance may drive some of the country's largest companies overseas, according to reports.

At least one FTSE100 company is understood to be investigating a move away from the UK in response to the crackdown on once-accepted business practices.

Guy Brannan, head of tax at City law firm Linklaters, told The Times that the relocation plans of a number of companies were at a 'pretty advanced stage'.

Others are so angry with the move that they are refusing to cooperate with HM Revenue & Customs' attempts to understand tax planning.

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