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Walking the Tightrope

Richard Collier-Keywood Head of Tax at PricewaterhouseCoopers weighs into the tax planning debate and points to a possible way forward
I've watched with interest the various articles in The Tax Journal and elsewhere over the last year that have wrestled with the issue of what is and is not acceptable tax planning. I thought I should weigh in with a few thoughts of my own — and perhaps point towards a simple answer to the whole issue.
Of course this acceptable/unacceptable divide used to be easy. Evasion was illegal and thus not acceptable; anything else was legal and so acceptable. However the issue is a little more complex these days — practitioners must consider what if anything has happened to the goalposts.
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