From infrared to ultraviolet: the full spectrum of tax planning

The core of the UK Government's case against tax avoidance has been stated as follows: "I do not criticise those who wish to ensure that they organise their business or private affairs in a tax efficient way. I recognise there are those who see tax simply as a cost to be minimised. "But there is a limit to what we in Government can regard as acceptable. And that limit is breached when people take advantage of tax breaks in a way that Parliament would not have anticipated or intended, use contrived tax avoidance schemes, blatantly exploit loopholes in the law, or hide or obfuscate the fac...