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    General tax avoidance rule discussions begin

    General tax avoidance rule discussions begin

    GAAR discussions begin in Whitehall

    Author Writer Date published August 20, 2010 Categories

    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

    Advisers
    fear Budget anti-avoidance plans

    Emergency
    Budget: The problems with GAAR

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