This is a slightly childish point, but I’ve convinced myself it’s one worth making nonetheless.
The Society of Trust and Estate Practitioners (STEP) has been co-ordinating responses amongst professional bodies to the government’s clampdown on trusts, and its favoured outlet has been the FT. On two occasions that I can remember the paper has been better briefed on what the group was about to say than other people.
That’s fine, to an extent. It irritates other journalists when the FT gets things first, but we all benefit from those kinds of exclusives in various respects.
The point really is that STEP, amongst others, is arguing that ordinary hard-working people are being hit by the move, and not just the super-rich, as HM Revenue & Customs allege.
If that’s the point, why not leak the releases to The Sun or The Mirror, rather than a paper which caters to the better off and, dare I say it, those who might on occasion use expensive schemes to avoid tax?
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states