8. Aug, 2017

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"Companies will no longer be able to pay employees their salaries in gold bullion in the first use of a new law designed to combat “morally repugnant” tax avoidance schemes.

An expert tax avoidance panel has ruled that paying employees in gold is a “contrived” tax avoidance scheme designed to “frustrate the intent of parliament” in cracking down on such practices."

Panel set up by former chancellor George Osborne issues first ruling to fight ‘artificial and abusive’ avoidance schemes
theguardian.com