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20 Aug 2010
Discussions about introducing a general anti-tax avoidance rule are taking place in Whitehall this month, reported the FT.
Introducing a GAAR was first mooted a decade ago, but the Treasury and HM Revenue & Customs launched a consultation in July to reconsider the idea.
The main concern voiced about a general provision for anti-avoidance is the potential uncertainty it creates in the tax system.
Further reading:
Treasury steps up anti-avoidance plans
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