Part of the reason this feature was such a popular read was that it functioned as a bit of a Rorschach blot: some readers felt we were persecuting companies simply for being good at finding efficiencies within the bounds of the tax code; others felt we were glorifying unethical conduct and
promoting aggressive tax avoidance schemes that are unethical even if legal.
Meanwhile — despite much evidence to the contrary — the Conservatives still seem to think that voters approve of the victimisation of benefit claimants over cracking down
on aggressive tax avoidance.
The inability of HM Revenue and Customs (HMRC) to properly
curb aggressive tax avoidance schemes is costing the UK billions of pounds, a report suggests.
Questioned
over aggressive tax avoidance, which the chancellor, George Osborne, has called «morally repugnant», Cameron refused to be drawn on whether Sir Philip Green fell into this category.
«I'm not commenting on someone's tax affairs on air,» Cameron said, while adding: «I
think aggressive tax avoidance is wrong and I think it is right the government is going after this activity.»
Prosecutors will also face difficulties in proving the new failure to prevent offences, and in distinguishing facilitation of tax evasion
from aggressive tax avoidance.
* * * First, the risk of wrongful conviction, even with a mens rea requirement, is real: the line
between aggressive tax avoidance and «corrupt» obstruction can be hard to discern, especially when no IRS investigation is active.
The legislation addresses concerns about
how aggressive tax avoidance transactions affect the fairness of the income tax system — everyone must...
This will help «authorities to effectively
counter aggressive tax avoidance, tax evasion, money laundering and other criminal activities perpetrated through the misuse of corporate vehicles,» it says.
GE's reputation has suffered since revelations of
its aggressive tax avoidance efforts first surfaced in the New York Times,...
But now it's
aggressive tax avoidance.
The approach of the courts to
aggressive tax avoidance has meant that few such schemes actually work.
A report from the Commons» public accounts committee out today judged
the aggressive tax avoidance practises, which are costing the UK billions of pounds, to be «outrageous» and «immoral».
The company has also come under scrutiny for
its aggressive tax avoidance strategies.
Whilst we welcome the FFA's references to expanding the tax base and challenging harmful tax incentives we need to oppose not just tax evasion but
aggressive tax avoidance, which, though technically legal, can be immoral in denying countries the funds needed for delivering on the right to education.
CRA will be using EFT details to more effectively identify Canadian taxpayers who participate in
aggressive tax avoidance and those who attempt to conceal income and assets offshore and evade their Canadian tax reporting requirements.