NT Advisors hired the Whitehouse Consultancy for a lobbying campaign ‘to wreck aspects of the previous government’s 2008 Finance Act, which closed a number of tax loopholes’, wrote The Observer.
Whitehouse Consultancy MD Chris Whitehouse admitted that his agency was retained by NT Advisors to ‘highlight the pernicious effect of retrospective changes to taxation law’.
‘We were proud to do so. That such retrospection is undesirable has been a settled principle of public policy for centuries since it makes things unlawful in the future acts which were perfectly lawful when they were carried out.’
Whitehouse went on to state that retrospective application of tax changes had ‘cost law-abiding citizens their homes and life savings’.
‘The challenge for David Cameron is not to condemn those who have taken legitimate advantage of the complexity of tax law; it is to sort it out, make it simpler and lower the rate of taxation so that there is less incentive to avoid it,’ Whitehouse stated.
The news came after it was revealed last week that Carr had invested in Jersey-based tax avoidance scheme ‘K2’, which was dubbed ‘morally wrong’ by Cameron.
PRWeek subsequently reported that Carr had been advised on his Twitter apology last Thursday by The Corporation chairman Gary Farrow.
Have you registered with us yet?
Register now to enjoy more articles and free email bulletinsRegister