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11

Is Incorporation Legal Tax Planning or Tax Avoidance? | A Judicial Perspective

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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

View Full Article: Is Incorporation Legal Tax Planning or Tax Avoidance? | A Judicial Perspective

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