Further threats on tax avoidance?
It appears that the Government is about to step up its campaign against tax 'cheats' and plans to highlight the issue in its Pre-Budget Report.
Press reports indicate that the Financial Secretary, Stephen Timms, recently described tax avoidance as "morally wrong” and said the government aims to “tilt the game back towards honest, hard-working taxpayers”.
I still have a problem with ministers not seeming to grasp the difference between legal planning (do they not remember the second home flip?) and illegal evasion. There is no moral obligation to pay more tax than is legally due.
Cathy Corns is a tax adviser and a partner at Mercer & Hole. The views given in this blog are personal to the author, if you would like to discuss the contents of this blog with Cathy you can call her on 01908 605552.
Date: 19th October, 2009
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