Adrian Boulding: Tax planning's blurring of the lines

The 68-page HM Treasury and HM Revenue & Customs (HMRC) policy paper entitled Tackling tax avoidance, evasion, and other forms of non-compliance, published this spring is a tough read by anyone's standards - especially for the wealthiest UK residents and larger companies based in the UK. It documents the progressive tightening of the tax regime in the UK since 2010, detailing 100 measures and associated legislation changes that have been deployed to tackle ‘tax avoidance, evasions and non-compliance' in the last nine years. All told, it claims to have closed out loopholes and recovere...