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GAAR ‘will allow 99% of avoidance to continue’

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The Trade Union Congress (TUC) this week released its report, The deficiencies in the general anti-abuse rule, criticising the government’s GAAR as ‘so poorly designed that it will allow 99% of tax avoidance to continue’.

The Trade Union Congress (TUC) this week released its report, The deficiencies in the general anti-abuse rule, criticising the government’s GAAR as ‘so poorly designed that it will allow 99% of tax avoidance to continue’. The report, written by Richard Murphy, concludes: ‘It is our belief that the UK has not got the general anti-tax avoidance principle it needs from the general anti-abuse rule. We are not alone in thinking so.’

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