Tax avoidance: the Ramsay principle

Gillian Vidal-Jules

The aim of this paper, by looking at the law in relation to Barbados is first to describe the "Ramsay" doctrine enunciated by the courts in the United Kingdom to combat unacceptable avoidance of tax by taxpayers and secondly to examine whether there has been an unwelcomed attack upon Parliament's power to make law which neither has, nor should have, any place in Caribbean tax law.  In so doing it will be illustrated that there is really no reason why the Ramsay Doctrine cannot be instituted in a limited form as a subsidiary aid to interpreting the statutory provision found, as in Barbados and in other Caribbean territories.
Section: Articles