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We need at least 13 words to describe types of taxpayer behaviour, says JOHN BARNETT
KEY POINTS
- Danger that good work of tax advisers will be misunderstood.
- Range of behaviours shown by taxpayers which need new words to describe them.
- ‘Evoidance’ where the taxpayer relies on non-disclosure of the avoidance scheme.
- ‘Petardance’ taking advantage of an anti-avoidance provision in reverse.
It is said that the Eskimos (or at least the Sami tribes) have hundreds of words for the quality of snow.
Given the current media focus on (and in some cases misreporting of) tax planning arrangements I would like to suggest that we need more words to describe the range of behaviours which taxpayers get up to.
This article contains a tentative list of some of those terms and how they might be defined.
While the list is intended to be mildly humorous there...
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