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Tuesday, May 12, 2020 | History

1 edition of Tax law after Furniss-v- Dawson found in the catalog.

Tax law after Furniss-v- Dawson

Tax law after Furniss-v- Dawson

[a report]

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  • 23 Currently reading

Published by Law Society of Englandand Wales in London .
Written in English


Edition Notes

Statement[by the Special Committee of Tax Law Consultative Bodies].
ContributionsSpecial Committee of Tax Law Consultative Bodies.
ID Numbers
Open LibraryOL14226532M

§Mr. Ian Stewart. The hon. Member for Birmingham, Hodge Hill (Mr. Davis) raises a question which derives from an article in The Law Society's Gazette of 8 May, in which Mr. Clifford Joseph, a barrister, suggested that development land tax on existing disposals or projects could be mitigated through arrangements involving rescission of existing contracts or variation of projects. The Trouble with Tax Avoidance: Two General Anti-Avoidance Rules, a Judicial Doctrine, and their Respective Implications for the value of Certainty in Tax Law A thesis submitted in fulfilment of the requirements for the Degree of Master of Laws in the University of Canterbury By Joshua Fowler University of Canterbury

This Practice Note is about cases in which the courts have applied the Ramsay principle to what have become known as composite transactions, ie transactions that involve a number of steps, designed to operate together to produce a particular outcome. The cases discussed include Ramsay, Schofield, Furniss v Dawson, McGuckian, Craven v White and SPI. (). Land tax or excise: the levying of taxation in seventeenth and eighteenth century England. " English Historical Review. (). Law Society in England and Sales. Tax law after furniss v Dawson. A report by the special C ittM of Tax Law Consultative Bodies. letters and diaries of Sir Stafford Northcote, First Earl of lddesleigh. 1 Author: Robert John Colley.

  The title comes from a judgment I gave earlier this year. 1 I was talking about the format of the statutes, which emerged from the Tax Law Rewrite project. A key feature of the inclusion of statutory ‘signposts’ which as I put it are there ‘to give clear pointers to each stage of the taxpayer’s journey to fiscal enlightenment’.Author: Lord Carnwath, Right Hon.   The basic law relating to the purchase price resulting trust, therefore, appears simple, easy to apply and in the case of Petrodel, unequivocal. In all four of the properties that make up the purchase price category, either Mr Prest or a company that he had control over were held to have provided the money used to purchase the : Matthew Stubbins.


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Tax law after Furniss-v- Dawson Download PDF EPUB FB2

Furniss v. Dawson is an important House of Lords case in the field of UK full name is Furniss (Inspector of Taxes) D.E.R., Furniss (Inspector of Taxes) v. Dawson G.E., Murdoch (Inspector of Taxes) v.

Dawson R.S., and its citation is [] A.C.or alternatively [] 2 W.L.R. Its effect was to extend the applicability of The Ramsay on(s): [] 1 All ER[] AC[].

Furniss v Dawson: The US Experience M.B. AIDINOFF* I. INTRODUCTION In the United States, as in the UK, the citizen is taxed by legislation and not by the Courts. The Courts have the task of construing and interpreting within the exceptions of the tax law, however, Judge Learned Hand refused.

In the instant case Mr. George Dawson and his sons wereassessed to capital gains tax in respect of the year /72 in thesums of £57, £28, and £28, The then argument onthe part of the Revenue was that Greenjacket did not acquirecontrol of the Operating Companies within the meaning ofparagraph 6 of Schedule 7, because Greenjacket was a nominee orbare trustee for the Dawsons.

The taxpayers, George Edward Dawson and his sons, Douglas Edward Rexford Dawson and Rexford Stuart Dawson, appealed against assessments to capital gains tax for the year in sums of £57, £28, and £28, respectively made on them in respect of gains accruing on the disposals of their shareholdings in Fordham and Burton Ltd.

and Kirkby Garments Ltd. Vinelott J. [] S.T.C. Furniss v Dawson: the Canadian approach II. CANADIAN LEGISLATION SINCE THE WAR During the Second World War when Canada imposed an excess profits tax, at a rate of per cent, tax avoidance became an organised and highly developed indoor.

Furniss v Dawson. Home Technical activities and advice The Inland Revenue raised capital gains tax assessments on the basis that the shares should be treated as having been disposed of directly and that the interposition of the Manx company had been done to take advantage of tax rules prevailing at the time and, consequently, purely for.

Looking at the classical approach, they observed Tax law after Furniss-v- Dawson book, if Furniss v Dawson [] STC is still good law, they must be able to analyse that case in the new way.

They said that Furniss required a much greater degree of re-analysis than did EDI to get to the result actually given by the court. Furniss (Inspector of Taxes) v Dawson: HL 9 Feb admin Off Taxes Management, References: [] 1 All ER[] AC[] UKHL 4.

The Reporter's own view of Dawson is given in Gammie, M. (), ‘Tax planning after Dawson’, Law and Tax Review, vol. 2, pp. 26– A report of those proceedings was held over until the decision of the House of Lords in the case of Furniss, v Dawson was known. You are attempting to documents.

The maximum number of documents that can be ed at once is So your request will be limited to the first documents. To make your more manageable, we have automatically split your selection into separate batches of up to 25 documents. batch. The Implications of Furniss v Dawson The Implications of Furniss v Dawson GAMMIE, M.J.

LORD TEMPLEMANâ S OPENING ADDRESS In his opening address to the Conference, Lord Templeman said that while tax avoidance is not, by definition, an illegal activity, a tax avoidance industry of the scale that developed in the s had to be destroyed. [Extract]In a series of House of Lords decisions, commencing with the swinging judgments in WT Ramsay Ltd v IRC1 and followed by Furniss v Dawson,2 it was established that where there is a Author: Andrew Halkyard.

One such case is Furniss v. Dawson2 decided by the House of Lords to which reference is made in the Constitution Bench in McDowell & Co. CTO3. In Furniss v. Dawson, the Dawson wanted to sell their shares in the family business to a company called Wood Bastow Holdings Ltd.

But they wanted to postpone the payment of capital gains Size: 74KB. Furniss v Dawson: The US Experience Furniss v Dawson: The US Experience AIDINOFF, M.B. In the United States, as in the UK, the citizen is taxed by legislation and not by the Courts. The Courts have the task of construing and interpreting statutes, but the flexibility and pragmatism which the US Courts have brought to bear on this task over the past fifty years have.

Furniss v Dawson[] STC ” (Lord Templeman, dissenting in Fitzwilliam v IRC 67 TC at ) The thinking behind such dicta may be, that the Court was very tempted to find a sham, but (applying the law correctly) finds that it was not.

Or that the higher Court would File Size: 85KB. canadian tax journal / revue fiscale canadienne () vol. 53, no 4 Ramsay12 appeared to be developing as the judges glossed it and evolved a formula- tion that seemed to include lack of business purpose as a factor.

In FurnissLord Brightman set out the extent of the Ramsay principle as follows: First, there must be a pre-ordained series of transactions; or, if one likes, one.

Interpreting income tax laws in the common law world Furniss v. Dawson () 1 AC() 1 ALL ER Jan ; and the real property position made up only 20 percent of the total Author: Richard Krever. Leach’s Tax Dictionary: Preface This text is a dictionary and not a tax guide nor a detailed book of tax law.

Its function is to define and, in some instances, explain terms. indicated by the names of the parties and the year the case was heard as in Furniss v Dawson. Leach’s Tax Dictionary. Version 9 as at 5 June A-E.

Page 5. Sir Wulford Fulliger suffices: dodging tax without breaking the law.6 After describing tax avoidance, part three addresses the main features of tax avoidance law in New Zealand.

The dissertation then moves to part four where the morality of tax avoidance is investigated. UPDATE ON THE RAMSAY APPROACH TO STATUTORY INTERPRETATION OF TAX LEGISLATION One of the first things in HMRC’s armoury, if it feels the taxpayer is seeking to avoid tax, is the Ramsay approach to statutory interpretation, which has evolved over the last 33 years.

This involves reading a mass of case law. The International Telecommunications Union and Satellite Communications, International Media Law, Furniss v Dawson: the American Context, The Company Lawyer, Vol. 5, No. 5,p Advertising and the New Technologies, Screen Digest, July Tax Planning is Alive and Kicking – After Furniss v Dawson, Accountancy, Octoberp.

crudity of criminal law • Furniss v Dawson. Europe •maximising “after tax” value of executive incentives. Part B: first example, interest deduction •interest payable can be a tax allowable expense •UK groups of companies treated as one entity for Is Corporation Taxation Practice a CSR.Leach’s Tax Dictionary: preface The tax dictionary lists terms that may be encountered by a tax practitioner.

The book reflects tax law as it stood on [1 June ], which is the operative date for this book. The list includes ordinary words, such as car and water, where there are specific tax Size: 7MB.