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IFS Reports
February 1999 C077
Article
A general anti-avoidance rule for direct taxes
Type: IFS Reports
Volume, issue, pages: 31 pp
ISBN: 978-1-873357-89-7
IFS member price: £10
Non-member price: £20

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In this report the Tax Law Review Committee responds to the Inland Revenue's proposals. It concludes that the proposals fail to secure the objectives of the Committee's previous Report. Furthermore, the proposed rule places no significant burden on the Revenue to justify its use, fails to secure a proper balance of interests between Revenue and taxpayers and would be intrusive on ordinary commercial and private transactions.

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