Tax Policy Associates (TPA) has published a report into a tax avoidance scheme that it alleges involved a company splitting its business between 10,000 companies and using social media to hire 10,000 Filipino individuals as shareholders/directors, leading to each company falsely claiming at least £5,000 in tax incentives.
TPA alleges that the scheme was facilitated by an opinion from a well-known tax KC which ‘in our view one that no reasonable tax lawyer should have given’.
Tax Policy Associates (TPA) has published a report into a tax avoidance scheme that it alleges involved a company splitting its business between 10,000 companies and using social media to hire 10,000 Filipino individuals as shareholders/directors, leading to each company falsely claiming at least £5,000 in tax incentives.
TPA alleges that the scheme was facilitated by an opinion from a well-known tax KC which ‘in our view one that no reasonable tax lawyer should have given’.
