Is the new Coalition Government to introduce a general anti-avoidance rule?

From the various communications that have been released over the last few weeks, it looks possible that the new Con-Lib coalition could introduce a general anti-avoidance rule (GAAR) aimed at raising £2.1bn of corporation tax per year (based on Lib Dem estimates). Although it may not be introduced on 22 June, with reducing the deficit a key priority for the coming months, will the possible yield prove too attractive to leave it much longer?

The above video gives some background to GAARs and the experience other jurisdictions have had, together with our insight on how this may affect businesses.

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