Budget 05: Avoidance on the agenda

Budget 05: Avoidance on the agenda

As expected, anti-avoidance measures take centre stage.

Chancellor Gordon Brown today announced a raft of anti-avoidance measures designed to clamp down further on the embattled industry.

Speaking from the despatch box, Brown said that he had clamped down on schemes that took advantage of Capital Gains Tax, VAT and interestingly, international arbitrage.

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