Weak transmission mechanisms
December 11th, 2014
This article, written by Jolyon Maugham, for Taxation magazine discusses weak transmission mechanisms and how a small number of tax barristers could be harming the overwhelming majority.
Key points from the article:
- A few barristers will sign off wrongly on tax schemes
- Providers then use this opinion to sell to clients
- Barristers are not fully exposed to the risk they create
- Impose a higher standard for tax advice as in the US?