Re: International norms
@Dr Syntax:
"This is where we need to discriminate between evasion and avoidance. Evasion is illegal so obviously the UK has full powers at its disposal. Avoidance, which is the case here, is the use of legal means to reduce tax. That means that the only powers available to a govt. not happy with the tax take are to "
Quite right. When I said "The UK already has full powers to cut down on tax evasion", I actually meant both evasion AND avoidance. ie the UK already has full autonomy to change it's tax laws to cut down on avoidance even as part of the EU. Of course that means, as you say, new legislation or tightening the interpretative parameters of current legislation
Biting the hand that feeds IT
