Radical anti-tax-avoidance measures hidden in the Spring Statement
Radical anti-tax-avoidance measures hidden in the Spring Statement
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Hmm.. won't the rich simply switch from tax avoidance to UK avoidance altogether?
maybe, but unless you're a believer in trickle-down economics, what do we lose as a society if they do?
the measures covered by this article aren't about people trying to reduce their tax bill though, they're about stopping dodgy tax avoidance schemes: "There is a mini-industry of creating tax avoidance schemes which have no prospect of success."
If I understand the article right, these dodgy schemes are mostly designed to make their promoters money from fees, because when they are overturned in court, the taxes people have improperly avoided will have to be paid. However the people who ran the scheme will have already taken lots of money in fees.
Tricky to pack their mansions, rental properties, our debt etc when they eventually go