Over the last couple of months it is obvious that the terms tax avoidance and tax efficient planning have become synonymous with tax evasion. They shouldn't be; surely it is just common sense for investors to make use of tax allowances and tax wrappers the government has made available so they can defer tax or just generally pay less of it? The challenge is that with the release of the Panama papers and the wave of disapproval over the word offshore, you would be forgiven for raising an eyebrow or two about suggesting your clients invest offshore, without them assuming it is not legally compliant in one way or another.
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