David Gauke has said that the government will name and shame wealthy people who use "aggressive" tax avoidance schemes. Gauke says that companies offering such products will be forced to hand over details of their clients.
Out of the window goes the concept of taxpayer confidentiality and, by the looks of it, "legally privileged" advice (given that some firms offering tax advice may well do so under the remit of a client/lawyer relationship)!
This is a very dangerous move.
Before overturning the principle of client confidentiality, here is a list of people who are using a variety of tax avoidance schemes.
Maybe Gauke should focus on these people first?
Tax does have to be taxing.
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This is utterly ridiculous. Please define tax 'avoidance' someone. Getting married is tax avoidance, getting old is tax avoidance, tax avoidance, ' the arrangement of one's affairs so as to pay the least amount of legally permitted tax' (I paraphrase) isn't illegal.
ReplyDeleteI truly wonder if the Revenue are not doing this so as just to provide a boost to the legal and accountancy professions!
And just what does Mrs Gauke do for a living and who for!!!?
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