«Raising the stakes on
tax avoidance», a consultation document published by HM Revenue and Customs, sets out a number of proposals relating to the promotion and use of so - called high - risk
avoidance schemes, aimed at reducing the use of such
schemes.1 Commenting, CIOT President Stephen Coleclough said: «Those members of the public who become
end users of high risk
avoidance schemes are sometimes misled by the promoters of such
schemes and are not fully made aware of the risks or consequences of their decisions.
I think it requires a combination of several approaches to
end complicated
tax avoidance and evasion
schemes: including harmonisation of
tax bases, ambitious reforms, and efficient transparency standards at an international level.