andrewducker: (Default)
andrewducker ([personal profile] andrewducker) wrote2011-11-22 11:00 am

Interesting Links for 22-11-2011

[identity profile] strawberryfrog.livejournal.com 2011-11-22 02:26 pm (UTC)(link)
I'll take a guess that there are a lot of business arrangements where tax avoidance is the only possible explanation for the structure.

What are other countries experiences with GAARs?

[identity profile] philmophlegm.livejournal.com 2011-11-22 02:42 pm (UTC)(link)
(This might be the stage at which I should point out that although I'm an FCA, I don't work in tax...)

Off the top of my head, Australia has had a GAAR for years. Brief internet research reveals that Canada and New Zealand also have them.

I was able to find this article on the sometimes difficult history of GAAR in Australia, which illustrates my point:

http://www.nortonrose.com/news/31251/claire-falkner-the-tax-journal-the-australian-gaar-experience-uncertain-outcomes