The recent publication of the General Anti-Abuse Rule (GAAR) has bolstered measures to limit "extreme" tax avoidance and will focus governance on tax, experts have said.
Labour MP Michael Meacher has received cross-party support for a Private Member's Bill which would prohibit any financial arrangements principally designed for the purpose of tax avoidance.
The government has launched draft legislation and a formal consultation on a new general anti-abuse rule (GAAR) that aims to tackle artificial and abusive tax avoidance schemes.
Deputy prime minister Nick Clegg has suggested the Budget 2012 will contain new rules to tackle tax dodging by the rich.
As the government considers a catch-all rule for tax abuse, the experts give us the lowdown...