The payment to Boswell is thought to be part of a legal tax avoidance
procedure that uses interest-free loans instead of traditional salary payments to limit tax liabilities.
Catherine Bearder MEP and chair of the Liberal Democrat EU referendum campaign, said: "This is a gamechanger in the fight against corporate tax avoidance
the international tax system and as a result countries across the world are now better equipped to deal with corporate tax avoidance
7874, regardless of whether there is a principal purpose of tax avoidance
He admitted taking tax avoidance
measures "at the vanilla, bland, end of the spectrum", adding: "The expression tax avoidance
is so wide that everyone does tax avoidance
at some level.
I am against these aggressive tax avoidance
schemes but I am not just against them - this Government has taken a huge amount of steps to legislate and toughen the laws and go after aggressive tax avoidance
schemes for the very simple reason that if people go after these schemes and aggressively avoid tax they are making it the case that everyone else has to pay higher taxes as a result," he said.
It is difficult to accurately assess how much money the UK economy loses out on because of aggressive tax avoidance
Mr Daly, a partner at Lodders Solicitors, said: "When asked, we advise clients that while heavily marketed highrisk tax avoidance
schemes could technically work, they might be viewed by HMRC as aggressive, particularly where they rely on specific statutory exemptions and reliefs purely to avoid tax rather than the purposes which the legislation that introduced the exemptions and reliefs was intended to promote.
It is expected that the bank could be fined more than EUR150m in connection with an investigation of alleged tax avoidance
by the lender's German clients.
A member of the influential Public Accounts Committee, Liberal Democrat Mr Swales has taken a leading role in its probe into corporate tax avoidance
The "General Anti-Abuse Rule" (GR), part of a wider finance bill, would grant Her Majesty's Revenue & Customs - Britain's tax authority - additional powers to counter "abusive" tax avoidance
But a sub-committee in the Lords, the upper house of parliament, examining the bill said GR would not tackle the practices used by companies such as Amazon and Starbucks to reduce their tax bill.
Summary: The Chair of the Public Accounts Committee, Margaret Hodge, says HMRC needs to adopt a stricter approach when dealing with tax avoidance