header-logo header-logo

14 April 2016 / David Greene
Issue: 7694 / Categories: Opinion , Tax
printer mail-detail

Avoidance or evasion?

001_nlj_7694_greene

David Greene wonders what will flow from the Panama revelations for lawyers?

Many moons ago when I took the Chartered Institute of Taxation exams (never could get my head round VAT) the difference between evasion and avoidance was drummed into you. Strangely, there remains utter confusion over the difference between the two words by people who should be able to differentiate, as each has been called upon to comment upon David Cameron’s financial and fiscal connections with Panama in the past week. As I write, Cameron is standing up in the Commons to defend himself and answer the House’s questions on his affairs. There may be many moral and political questions over his conduct but in law at least he has done nothing wrong.

Canal journey

Home to a one-time errant canoeist, Panama does not otherwise generally feature on the radar of the average Person on the Clapham Omnibus, save to think of the eponymous canal and, perhaps, its recent drug-torn violent history. It’s only 25 years since the US invaded the country to put

If you are not a subscriber, subscribe now to read this content
If you are already a subscriber sign in
...or Register for two weeks' free access to subscriber content

MOVERS & SHAKERS

Haynes Boone—Jeremy Cross

Haynes Boone—Jeremy Cross

Firm strengthens global fund finance practice with London partner hire.

DWF—Stephen Webb

DWF—Stephen Webb

Partner and head of national planning team appointed

mfg Solicitors—Nick Little

mfg Solicitors—Nick Little

Corporate team expands in Birmingham with partner hire

NEWS
The High Court’s refusal to recognise a prolific sperm donor as a child’s legal parent has highlighted the risks of informal conception arrangements, according to Liam Hurren, associate at Kingsley Napley, in NLJ this week
The Court of Appeal’s decision in Mazur may have settled questions around litigation supervision, but the profession should not simply ‘move on’, argues Jennifer Coupland, CEO of CILEX, in this week's NLJ
A simple phrase like ‘subject to references’ may not protect employers as much as they think. Writing in NLJ this week, Ian Smith, barrister and emeritus professor of employment law at UEA, analyses recent employment cases showing how conditional job offers can still create binding contracts

An engagement ring may symbolise romance, but the courts remain decidedly practical about who keeps it after a split, writes Mark Pawlowski, barrister and professor emeritus of property law at the University of Greenwich, in this week's NLJ

Medical reporting organisation fees have become ‘the final battleground’ in modern costs litigation, says Kris Kilsby, costs lawyer at Peak Costs and council member of the Association of Costs Lawyers, in this week's NLJ
back-to-top-scroll