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Morals — Or Economics And Risk?

Bill Dodwell Tax Partner Deloitte & Touche LLP feels the way forward is to pay more attention to economics and risk rather than moralising
We've all been entertained over the last few months by the tax morality play kicked off by Chris Tailby and Sir Nicholas Montagu with a series of often indignant responses from tax advisers. At times it seemed that taxpayers were being almost implored by the tax collectors not to engage in tax planning with the distinction between legality and illegality being blurred unnecessarily. Sometimes the tax advisers protested too hard — surely they were well aware that some companies occasionally indulge in planning with no...
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