TaxCorporate TaxGeneral tax avoidance rule discussions begin

General tax avoidance rule discussions begin

GAAR discussions begin in Whitehall

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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