I am not alone in voicing fears over this issue.
The FT reports that in response to plans being drafted for curbing "artificial and abusive" avoidance schemes and a proposed advisory panel, which will give quick, non-binding opinions to HMRC and taxpayers about whether the Gaar should be invoked, John Overs, head of corporate tax at Berwin Leighton Paisner, said that the concept was “constitutionally unsound”:
"How much tax is due should ultimately be decided by parliament, whose intention is interpreted by the courts, not by HMRC and a group of unelected and unaccountable professionals who may have a professional interest in the matters they are asked to consider."Quite!
Tax does have to be taxing.
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