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Acceptable Tax Avoidance?

 
Heather Self partner in the International Tax Services Group at Grant Thornton UK LLP gives us her thoughts on what is and is not acceptable tax avoidance
 
It was 6 February 1984 and as a recently qualified accountant I was polishing off my last audit before being allowed to escape to the tax department. The phone rang and a colleague who had been a tax senior for six months told me that the taxpayer had lost in the House of Lords in Furniss v Dawson [1984] STC 153. Was this the end of tax planning? Had I made a suicidal career move into an area which would be moribund within weeks?
 
More than 20 years later we are still debating the question of tax avoidance. We...

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