Double Taxation Treaty Abuse

[BrilloPad]

The Government today announced measures to tackle an avoidance scheme that seeks to use the UK's Double Taxation Agreements (DTAs)
to avoid UK tax. This involves artificially diverting income of a UK resident individual to a foreign partnership comprised of foreign
trustees and claiming that the provisions of the UK's DTAs exempt the partnership profits from UK tax, not only in the hands of the
foreign partners but also in the hands of the UK beneficiaries.
Details of the measure are set out in Budget Note 66.

http://www.hmrc.gov.uk/budget2008/bn66.pdf

Comments welcome...

[2uk]

The Government today announced measures to tackle an avoidance scheme that seeks to use the UK's Double Taxation Agreements (DTAs)
to avoid UK tax. This involves artificially diverting income of a UK resident individual to a foreign partnership comprised of foreign
trustees and claiming that the provisions of the UK's DTAs exempt the partnership profits from UK tax, not only in the hands of the
foreign partners but also in the hands of the UK beneficiaries.
Details of the measure are set out in Budget Note 66.

http://www.hmrc.gov.uk/budget2008/bn66.pdf

Comments welcome...

I'd gladly comment , but I am not even through the Sanzar thread , yet.

[gadgetman]

Already been posted.

[dude69]

Already been posted.

This at least the third thread.....