close
This ad will auto close in 10 seconds

UK govt wants names of tax avoidance sponsors

The British government is considering whether to require the identification of individuals who sponsor tax avoidance schemes.



London: The British government is considering whether to require the identification of individuals who sponsor tax avoidance schemes.

The proposal was disclosed as the government`s tax office launched a formal consultation on a range of measures to crack down on plans designed purely to avoid tax.

Treasury Minister David Gauke says the measures are aimed at plans which are clearly contrary to the intentions of Parliament, which lack a commercial, non-tax rationale and where the result looks "too good to be true."
Her Majesty`s Revenue and Customs says identifying individual sponsors would be significant in cases where a firm is dissolved, moved offshore or the individual moves to another firm.

PTI

From Zee News

0 Comment - Join the Discussions

trending

photo gallery

video


WION FEATURES

K8 Plus: Lenovo's new phone available @ Rs 10,999

Heavy security outside Dera Sacha Sauda headquarters in Sirsa as search operation begins

WATCH Exclusive: After Doklam standoff, India begins road construction near LAC

Hurricane Irma, rampaging through Caribbean, is most enduring super-storm on record

Three train derailments in 1 day, fourth accident narrowly-averted

China says Indian Army chief's views contrary to those expressed by Modi, Xi