OPPOSITION to the motion that tax avoidance is an unacceptable exploitation of the tax system has taken a ten-point lead in Accountancy Age‘s inaugural online debate.
BDO tax partner Stephen Herring leads Tax Justice Network founder Richard Murphy with 55% of the vote following the second day of discussion.
The second day saw the introduction of a guest voice in the debate, provided by Pinsent Masons partner Ray McCann.
McCann observed “a taxpayer must be taxed only on the basis of clear law” and “a taxpayer does not need to stand still and allow HMRC to take the largest amount possible out of his pocket”, before going on to analyse arguments advanced by Herring and Murphy.
Tomorrow sees Herring and Murphy return to make rebuttals against each other’s arguments, before Thursday’s closing statements.
To follow the debate and get involved, click here.
Tax evaders are set to face tough new sanctions under plans detailed by HM Revenue and Customs (HMRC) today
HMRC has outlined a change in VAT policy to the treatment of dwellings that have been formed from either the construction of new buildings, or from the conversion of non-residential buildings
Let us hope that valuable asset protection vehicles are not made prohibitively burdensome or abolished in the desire to “simplify” IHT
Freelancers and micro-businesses still need more information about the government’s plans to make tax digital