Avoiding Tax Avoidance Confusion

Lexington found that few people had heard of the K2 tax avoidance scheme until it was linked to various wealthy individuals.

K2 is an offshore arrangement that can reduce an individual’s income tax liabilities to as little as 1%, according to its promoters. HMRC is now investigating K2 in depth and the Government has promised a more general crackdown on tax avoidance.

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