It is quite a change to go from “the law was not clear, tax has never proven to be due; the LC is unjust” to apparently accepting that it was clear, that tax was due but that it shouldn’t be collected from those who rec’d the money & that they were mis-sold. What was rationale? https://twitter.com/wealthagent/status/1384760469160923136
Evidence elsewhere doesn’t suggest mis-selling claims help victims. Those defrauded by Film Schemes or Pension Liberation schemes, even with perpetrators jailed, are still pursued for tax & often penalties. They aren’t given long TTP or assurances re bankruptcy or sale of homes
Do members know why those speaking for them have changed approach? What was the expected or hoped for outcome? How does that help members? Who is carrying out DD on the stream of high risk ideas being promoted to them? How does non disclosure aid “victim” messaging?
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