Is Incorporation Legal Tax Planning or Tax Avoidance? | A Judicial Perspective
11th October 2024
The following quotes reflect an evolving judicial attitude towards tax planning in the 21st century, with increasing emphasis on the need for commercial substance in tax planning arrangements and a clearer demarcation between legitimate planning and avoidance. Lord Steyn in Inland Revenue Commissioners v Fitzwilliam [1993] STC 502: “Tax planning is acceptable, provided the taxpayer […]