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General (General discussion, talk about anything.)
Started by: gaffer (7953)
It took almost 200 years for the uk tax legislation to reach 4,555 pages by 1997. In 8 years Gordon Brown doubled it to 9,050 pages. The current issue of Tolley’s yellow tax handbook is over 18,000 pages. It is so complex that London tax barristers can charge up to £10,000 per hour to offer advice.
Invariably there is no yes or no answer to complex tax disputes. In the case of Bernie Ecclestone’ s overseas trust deed it was originally under the control of his ex wife who was based in the same country where the trust deed was lodged. In that case there would not have been any liability for uk tax
Replied: 19th Jul 2021 at 15:37