Dodwell: Complex and uncertain GAAR

Deloitte's head of tax policy suggests some improvements to the UK's proposed tax avoidance legislation

Michael Meacher MP has drawn 18th place in the Private Members Bills’ ballot for 2012/13. His Bill is entitled General Anti Tax-Avoidance Principle and would ‘introduce a principle that any financial arrangements made by a company or individual should not have as their primary purpose the avoidance of tax’. The Bill is unlikely even to be debated, due to its low place on the list.

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