Tax avoidance continues to hit the headlines, with multinational companies accused of underpaying corporate tax and high profile individuals like UK comedian Jimmy Carr, who avoided paying higher rates of tax by channeling his assets through a Jersey-based scheme.

A Europe-wide crackdown on tax avoidance appears imminent with George Osborne and German finance minister Wolfgang Schäuble calling for the tangible gaps in international tax laws to be closed. Without changes to the law, globalisation and the increase in travelling workforces will continue to cause at best, tax confusion, and at worse, deliberate deception over taxes.