Firms devising and running tax avoidance schemes are "running rings" around Her Majesty's Revenue & Customs (HMRC), MP Margaret Hodge has said.
Hodge chairs the Public Accounts Committee (PAC), which is questioning tax advisers and operators of the schemes. She said the public would consider such schemes as "completely and utterly and totally immoral", reports the BBC. Hodge said tax avoidance schemes were being used for a purpose not intended by Parliament and that it was not simply wealthy investors being marketed to. "There are a lot of ordinary people who are being scammed", she said. Aiden James, director of Tax Trade Advisors, a firm that markets tax avoidance schemes to clients, told the Committee that "tax law i...
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