David Blumenthal Tax Partner Dewey Ballantine describes the anti-avoidance rules on both sides of the Atlantic
Benjamin Franklin lauded by some historians as the 'First American' wrote that: 'In this world nothing can be said to be certain except death and taxes' but that has never stopped British and American taxpayers from exercising their intellectual ingenuity in attempting to reduce their exposure to the latter of these two evils. However the tax avoidance industry really took off in the United Kingdom and the United States following parallel developments in both countries in the early years of the 20th century. In 1909 the then Chancellor of the Exchequer David Lloyd-George introduced higher rates of income tax for the very wealthy to subsidise the rudiments of the...
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David Blumenthal Tax Partner Dewey Ballantine describes the anti-avoidance rules on both sides of the Atlantic
Benjamin Franklin lauded by some historians as the 'First American' wrote that: 'In this world nothing can be said to be certain except death and taxes' but that has never stopped British and American taxpayers from exercising their intellectual ingenuity in attempting to reduce their exposure to the latter of these two evils. However the tax avoidance industry really took off in the United Kingdom and the United States following parallel developments in both countries in the early years of the 20th century. In 1909 the then Chancellor of the Exchequer David Lloyd-George introduced higher rates of income tax for the very wealthy to subsidise the rudiments of the...
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:
