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Press watch: ‘Tax avoiders go to ground’

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‘Tax avoiders go to ground’: The Financial Times has reported (2 August) an apparent drop in appetite for tax avoidance strategies among private clients. The newspaper quotes Dawn Register, tax investigations director at BDO, as saying: ‘People’s attitude to risk has changed dramatically over the past year. They have seen what has happened to celebrities who got themselves involved in tax avoidance, and they don’t want the same thing to happen to them.’ George Bull, partner at Baker Tilly, is also reported seeing far less interest among clients in anything that looks like a scheme. ‘People just don’t want the hassle’, he said. Similar sentiments were echoed by Sophie Dworetzsky, a partner at law firm Withers, who said that ‘wealthy clients are no longer willing to put their reputations on the line’.

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