New tax avoidance rules grant mind-reading powers to officials, courts
Officials have to divine not what Parliament was thinking when it passed a tax law; but what Parliament would have thought if it had considered the matter. And if officials invoke the general anti avoidance rule, the citizen has to prove this act of ps
Rob Hosking Mon, 01 Jul 2013
Finally, after 12 years, Inland Revenue this afternoon delivered its much-awaited guidelines on what is and is not tax avoidance.
The interpretation statement on how the general anti-avoidance rules in the Income Tax Act are to be applied has been gestating since 2001 and the final 130-page
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