Use worst case scenario to calculate amount of tax that should have been paid under the worst possible case (ie 40% or 50% in personal income cases), make the difference between claimed tax paid and max estimated to be deposited for 6-7 years into special escrow account.
If that goes unchallenged in this time frame then you can keep it with whatever interest rates were at the time.
What will that achieve? Lack of short term tax fiddling boost to those who try to claim it.
Example: some creative UK based workers uses offshore scheme and claims double taxation benefits or such like, whatever he thinks is saved will be deposited into escrow account, and in 6-7 years he can get it. Now if that will be challenged then the loss will be painless - the money are in escrow account, so not spent - no hardship but no unearned gains either, sounds fair right?
Thoughts?
If that goes unchallenged in this time frame then you can keep it with whatever interest rates were at the time.
What will that achieve? Lack of short term tax fiddling boost to those who try to claim it.
Example: some creative UK based workers uses offshore scheme and claims double taxation benefits or such like, whatever he thinks is saved will be deposited into escrow account, and in 6-7 years he can get it. Now if that will be challenged then the loss will be painless - the money are in escrow account, so not spent - no hardship but no unearned gains either, sounds fair right?
Thoughts?
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