Budget 2010: Govt may resurrect "draconian" GAAR tax law
The Government could rescue the tax General Anti-Avoidance Rule (GAAR), which was dismissed by Labour as "unworkable".
The rule would help close tax avoidance loopholes by giving HM Revenue & Customs (HMRC) more extensive and widely-drafted powers to judge tax liabilities. Capital gains tax (CGT), inheritance tax, corporation...
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