Legal
HMRC hail multimillion-pound victory over tax avoidance scheme
A significant legal victory is being claimed by HM Revenue and Customs in a multimillion-pound corporate tax avoidance case. Fidex Ltd, a subsidiary of BNP Paribas, went to the Court of Appeal to challenge the legality of the Revenue's use of a hotly-disputed "anti-avoidance" rule. The case involved Project Zephyr,…
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