Clifford Chance

Will the GAAR create cost and uncertainty for business?

11 April 2012

Businesses are keen to operate in the UK and individuals want to live here, but both are constantly being blandished by other jurisdictions with tax breaks of one kind or another. The UK has rightly responded by introducing incentives to make the UK a competitive place to live and do business. The risk is that any GAAR, however carefully crafted, will undermine the UK's attractiveness.

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