GAAR
Huitson gets a mention in here on page 15. No mention
of retrospection or institutional inactivity.
http://www.hm-treasury.gov.uk/d/gaar...ort_111111.pdf
It does seem that quoting out of context is acceptable.
Interesting bit on something called SHIPS2. Looks like
an arrangement involving selliing on life insurance
that was deemed legal. Hector, if you're reading, why didn't
you put some certainty around that by legislating
against it with retrospective effect? Only fair in a
civilised society ?
Huitson gets a mention in here on page 15. No mention
of retrospection or institutional inactivity.
http://www.hm-treasury.gov.uk/d/gaar...ort_111111.pdf
It does seem that quoting out of context is acceptable.
Interesting bit on something called SHIPS2. Looks like
an arrangement involving selliing on life insurance
that was deemed legal. Hector, if you're reading, why didn't
you put some certainty around that by legislating
against it with retrospective effect? Only fair in a
civilised society ?
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