Fleming: The importance of being earnest

As the plans for a GAAR take shape, Mike Fleming says it’s time to clamp down on the real perpetrators of avoidance, VAT fraudsters

Tax avoidance is a hot topic. David Cameron, Nick Clegg and Treasury secretary David Gauke are just a few public figures who have taken a stance on the subject, in my view to trigger a wave of public opinion against wealthy individuals who structure their affairs in order to pay less tax.

I find myself in some sympathy with these views but more importantly, I maintain that taxpayers, wealthy or otherwise, should not be prohibited from legally organising their financial affairs to produce the best possible result for themselves.

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