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Westminster in ‘anti-tax avoidance arms race’, says Redwood

Accountancy Age

WESTMINSTER IS CAUGHT UP in an “anti-tax avoidance arms race” that is in danger of distorting the debate, and could have a chilling effect on genuinely commercial activities, according to Conservative MP John Redwood. The Treasury yesterday announced proposals that would see users of tax avoidance schemes compelled to pay their tax bills upfront while HM Revenue & Customs conducts investigations into their arrangements. Meanwhile, the taxation of limited liability partnerships…

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