Oman tightens net on avoidance
June 16th, 2009
THE new tax law includes specific anti avoidance provisions which address the complex and contentious area of tax avoidance. Tax evasion or outright tax fraud has always been illegal and rightly dealt with as a crime. Business transactions designed to reduce or "legally" avoid tax by taking advantage of tax loopholes have been an area of considerable contention in almost all tax jurisdictions around the world.
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