Hammond Concedes Loan Charge in Not a Tax Evasion Practice

Hammond Concedes Loan Charge in Not a Tax Evasion Practice

The UK Chancellor of the Exchequer Philip Hammond has acknowledged that he was wrong to say that Loan Charge amounted to a tax evasion practice. Instead, he says that it was tax avoidance. Tax evasion and avoidance are two different terms in the legal context. The...