Andrew Goodall has a look at the TUC report on the deficiencies in the general anti-abuse rule (GAAR) and says we need to be clear about the type of avoidance that the GAAR is designed to address
The Trade Union Congress (TUC) has claimed this week that the UK’s new general anti-abuse rule (GAAR) enacted in July will ‘allow 99% of tax avoidance to continue’. The TUC links to a report written by Richard Murphy director of Tax Research LLP who advises the TUC on taxation issues. The TUC is concerned that the GAAR is so narrow that it would have failed to deal with any of the ‘scandals’ surrounding the taxation of some of the world’s biggest multinationals.
This TUC announcement seems to have received very little press coverage. This is perhaps because there is little or nothing new here and it...
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Home >Articles > A general anti-abuse rule cannot fix the corporate tax system
A general anti-abuse rule cannot fix the corporate tax system
Andrew Goodall has a look at the TUC report on the deficiencies in the general anti-abuse rule (GAAR) and says we need to be clear about the type of avoidance that the GAAR is designed to address
The Trade Union Congress (TUC) has claimed this week that the UK’s new general anti-abuse rule (GAAR) enacted in July will ‘allow 99% of tax avoidance to continue’. The TUC links to a report written by Richard Murphy director of Tax Research LLP who advises the TUC on taxation issues. The TUC is concerned that the GAAR is so narrow that it would have failed to deal with any of the ‘scandals’ surrounding the taxation of some of the world’s biggest multinationals.
This TUC announcement seems to have received very little press coverage. This is perhaps because there is little or nothing new here and it...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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