Income shifting abuse goes on

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The following was announced in the PBR:

The Government firmly believes it is unfair to allow a minority of individuals to benefit financially from shifting part of their income to someone else who is subject to a lower rate of tax, known as income shifting. The Government has consulted on this issue but, given the current economic challenges, the Government is deferring action and will not bring forward legislation at Finance Bill 2009. The Government will instead keep this issue under review.

Pragmatic maybe. but it means the abuse goes on.

This is the time to close such things down, for good.


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