TOP TAX LAWYERS SAY GAAR WILL NOT STOP MULTINATIONAL TAX AVOIDANCE

摘要

Two of the UK's top tax lawyers have told the House of Lords Sub-Committee on the 2013 Finance Bill that plans to introduce a General Anti-Abuse Rule (GAAR) this year will not be able to eradicate multinational tax planning and avoidance. But it will help clamp down on "certain individuals who have taken tax planning to such levels that they are playing fast and loose with the rules to the point where it is unacceptable... and abusive". That's the view of Graham Aaronson QC (pictured), tax barrister and leader of the GAAR study group 2011. He was appearing alongside Malcolm Gammie QC, tax barrister and member of the Institute of Fiscal Studies' tax law review committee. Both have been instrumental in driving government efforts to reduce tax avoidance.