Tax avoidance crackdowns turn into an arms race warns HMRC in 189-page report

clock • 2 min read
Tax avoidance crackdowns turn into an arms race warns HMRC in 189-page report

Crackdowns on tax avoidance are often an ‘arms race' between the revenue authorities and Parliamentary counsel as responses to legislation lead to the "creation of new schemes to circumvent the law", HMRC has said in a 189-page research report on tax evasion. The Commons library ‘Tax Evasion HMRC Report', published yesterday (24 November) said historically UK tax law has been specifically targeted in tackling the exploitation of loopholes in the law, where governments have legislated again...

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