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Ancient and modern

How ancient Athens beat tax avoidance

HMRC’s pre-payment plan has good classical precedents

21 June 2014

8:00 AM

21 June 2014

8:00 AM

The taxman will soon be ordering those planning dodgy tax avoidance schemes to declare them beforehand and pay the full tax on them up front. Only if HMRC finally decides the scheme is legal will the tax rebate be allowed. This is a very Greek principle, which could help with the problem of bankers’ bonuses.

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