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
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.