Financial Times FT.com

Brown to crack down on corporate tax avoidance

By Christopher Adams, Political Correspondent

Published: November 28 2004 22:04 | Last updated: November 28 2004 22:04

Gordon Brown is to intensify his crackdown on corporate tax avoidance with punitive action aimed at deterring advisers from flouting disclosure requirements.

The chancellor will use this week's pre-Budget report to close a loophole that has been exploited by firms marketing avoidance schemes that the Treasury says are abusive.

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