anyone else hear about plans for a general anti-avoidance rule for tax on the radio this morning.
it would effectively make loophole exploiting illegal
it would effectively make loophole exploiting illegal
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Coffee's for closers -
What's a loop hole? -
Would that survive in the Lords or the courts? After all, effectively it's a law saying 'you're not allowed to do some of the things the law doesn't say you're not allowed to do because in retrospect we think the law should have said you're not allowed to do them'.Originally posted by Spacecadet View Postanyone else hear about plans for a general anti-avoidance rule for tax on the radio this morning.
it would effectively make loophole exploiting illegal
One good law firm could destroy the whole thing. Sounds like a sop for the Lib Dems.And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
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It doesn't exist. It's something the law doesn't say you're not allowed to do but politicians think you shouldn't be allowed to do it.Originally posted by TimberWolf View Post
Although some observers claim to have spotted several 'loopholes' in the parliamentary expenses regulations; file under home flipping, moat cleaning and Bang&Olufsen huge screen televisions.And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
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I heard this as well - no doubt to keep the LibDems happy, it seems that they wish to reveal all in the budget, we will have to wait and see.Originally posted by Spacecadet View Postanyone else hear about plans for a general anti-avoidance rule for tax on the radio this morning.
it would effectively make loophole exploiting illegal
As has been said before, the boundaries between avoidance and evasion seem to be very blurred in the eyes of politicians."The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." CiceroComment
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Yet another case of the Government agreeing to something without having a clue about the ramifications
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I wonder if it will be applied to Vodafone as well as us?Originally posted by Stevie Wonder BoyComment
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There will be a loophole in the new law, which can then be exploited. The new law cannot cover loopholes in itself as the new law is a meta-law and it would need a meta-meta-law to cover loopholes in it.
This is all definitively covered in 'Gödel, Escher, Bach: An Eternal Golden Braid'.
I'll see you in meta-meta-court, sonny.Comment
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