Continuing debate on tax avoidance
There seems to some concern over the fact that accountants are using perfectly legitimate tax breaks (e.g. the patent box) as an aid for tax planning. According to some, this is apparently particularly offensive when people who have worked with the Treasury on developing legislation then advise companies on how to benefit from the new law. The committee feel that the Big 4 in particular have an unfair advantage over smaller firms.
Is this a real issue? To be honest not really in my experience. The draft legislation is available and the information generally available is good.
Date: 31st January, 2013
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