BACKTRACKING ON THE GAAR?

摘要

Later this month, Graham Aaronson QC will send exchequer secretary David Gauke the report of the study group he chairs - which is considering whether a general anti-avoidance rule could and should be introduced in the UK. The whole subject of a GAAR excites fierce passions - on both sides of the debate. Campaigners have argued that a GAAR is needed to stop tax planning getting out of control. Business, on the other hand, argues that a GAAR adds to business uncertainty -and that there are better, more targeted ways to stop unacceptable tax avoidance.