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It's a new year, but tackling tax evasion and avoidance remains at the top of the government's agenda, says Lucy Edwards

7 January 2013

We have all seen the headlines: global companies with household brands exposed for paying little or no UK corporation tax, celebrities branded ‘immoral’ for their personal tax arrangements and The Guardian’s recent exposé of the ‘real’ owners of high-end properties held through offshore companies.

Most agree that paying tax is a necessary and appropriate contribution to the good of society. While we may wish rates were lower or disagree how the government should use the revenue collected, we are generally in support of each person paying their fair share. But what is the ‘fair’ amount?

Should we all hire a professional adviser to ensure that we maximise our tax liability each year, or are we imprudent not to make full use of available allowances,...

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