Originally posted by smalldog
					
						
						
							
							
							
							
								
								
								
								
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		This will not only influence the outcome of future legal proceedings but it will also affect the legislative framework itself.
I have thought about this very long and hard, and I can't come up with any way of framing a ruling in favour of HMRC/HMT which doesn't open up the floodgates to arbitrary retrospective tax laws.
I can't think of anything unique/specific to our case that would allow the courts to deliver a judgment which doesn't set a wide precedent.

							
						


							
						
							
						
				
				
				
				
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