Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration

This week's opinion

14 November 2017
Issue: 4624 / Categories: Comment & Analysis

Not made in paradise

The reporting of the Paradise Papers has been an extraordinary farrago of speculation half-truth and innuendo as well it must be acknowledged as highlighting some dubious avoidance activity. Somehow the word ‘offshore’ taints everything and leads automatically to the conclusion that something dodgy is happening. It is easier to tar everything with the same brush rather than understand properly what is happening. I am not suggesting that everything is perfect or that there is nothing that HMRC should look at – quite the opposite. But if we are not careful we could end up with outcomes that create more problems than they solve.

Readers will have noted the ‘exposure’ of well-known individuals for holding overseas property through a company. There is a host of reasons why ownership might be structured this way many of them having nothing to do with tax. But even when there...

If you or your firm subscribes to, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.

Please reach out to customer services at +44 (0) 330 161 1234 or '' for further assistance.

back to top icon