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A small few tax barristers are harming the majority
KEY POINTS
- A few barristers will sign off wrongly on tax schemes.
- Providers then use this opinion to sell to clients.
- Barristers are not fully exposed to the risk they create.
- Impose a higher standard for tax advice as in the US?
I have on my desk an Opinion – a piece of formal tax advice – from a prominent QC at the Tax Bar. In it he expresses a view on the law that is so far removed from legal reality that I do not believe he can genuinely hold the view he says he has.
At best he is incompetent. At worst he is criminally fraudulent: he is obtaining his fee by deception. And this is not the first such Opinion I have seen; they pass across my desk all the...
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