City Lawyers take on HMRC

Edward Fennell writes: "What does it mean to live in a free and democratic society? Well, a good example was given this week by the City of London Law Society’s Tax Law Committee who have just ripped up, torn apart and then kicked down the road to oblivion HMRC’s consultation paper ‘Closing in on promoters of Marketed Tax Avoidance’. In short it is a masterpiece of how to tell an agency of Government (you might say the KEY agency of Government) where to get off. In a forensically rigorous analysis CLLS exposes HMRC for its unprincipled attack on a whole raft of entirely legal activities in the financial services industry."