FINANCIAL MATTERS - SEPTEMBER

FINANCIAL MATTERS - SEPTEMBER

Bang to rights

This month’s Technical Bulletin examines the recent case involving the General Anti-Avoidance Rule (GAAR), which combats the use of tax loopholes. The rule was recently used to target a scheme under which two company directors were receiving their salaries in gold bullion. Meanwhile, the Court of Appeals has granted beneficiaries of an offshore trust access to trust documents in accordance with the UK Data Protection Act (DPA).

Download PDF