Home > Politics > Payment in gold bullion banned under new law to combat tax evasion
breaking-news

Payment in gold bullion banned under new law to combat tax evasion

Panel set up by former chancellor George Osborne issues first ruling to fight ‘artificial and abusive’ avoidance schemes

Companies will no longer be able to pay employees their salaries in gold bullion in the first use of a new law designed to combat “morally repugnant” tax avoidance schemes.

An expert tax avoidance panel has ruled that paying employees in gold is a “contrived” tax avoidance scheme designed to “frustrate the intent of parliament” in cracking down on such practices.

Continue reading… …read more

Read more:
breaking-news
Offshoot of Russian Orthodox Church Thrives in Alaska

Alaska is the biggest – yet one of the least populated American states. There are just over 741,000 people living...

Close