In Ivey v Genting Casinos (UK) Ltd, the Supreme Court overturned 25 years of precedent of what it is to be dishonest. A failure to appreciate that what was done was dishonest is no longer a defence. As businesses are implementing measures to prevent tax evasion, the scope of what it is to evade taxes has just been expanded significantly.
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In Ivey v Genting Casinos (UK) Ltd, the Supreme Court overturned 25 years of precedent of what it is to be dishonest. A failure to appreciate that what was done was dishonest is no longer a defence. As businesses are implementing measures to prevent tax evasion, the scope of what it is to evade taxes has just been expanded significantly.
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes: