Financial Instruments Tax and Accounting Review
'An adventurous course to take': the Land Securities case
The FTT has recently fashioned its own interpretation of an anti-value-shifting provision as a means of counteracting a tax avoidance scheme, as Matthew Mortimer explains.
Matthew Mortimer, Milbank, Tweed, Hadley & McCloy LLP.
Taxpayers routinely lose these days if their tax avoidance schemes are ever litigated.