What might be in store for personal taxation under a Labour government?
As shadow chancellor Rachel Reeves indicated several measures the party will and won’t implement
Tax Evasion
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HMRC paid over £500,000 to whistleblowers last year
Up 75% from five years ago
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HMRC to rake in £1.7bn from Autumn Statement tax avoidance crackdown
Investigations are an ‘open door’ the Treasury can continue to push
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Shakira faces tax evasion trial in Spain
International popstar previously refused to settle charges over alleged €14.5m fraud
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French appeals court more than halves UBS fine
But bank considers fighting on
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French court delays verdict in UBS €4.5bn fine appeal
It is seeking to overturn a 2019 ruling that it helped wealthy clients hide assets offshore
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Tax advisers under HMRC investigation for aiding evasion
It is ‘determined to clamp down hard on anyone who aids in tax crimes, not just the perpetrator themselves’
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19% rise in individuals charged with tax evasion
UK taxman is ‘finally shrugging off the disruption caused by lockdown and turning up the heat’
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US targets wealthy tax evaders using Panama law firm
10 institutions including Wells Fargo Bank, BofA, HSBC and Citibank to receive summonses
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Wealthy tax evaders get more time behind bars
‘The perception that rich people who evade tax only get penalties is increasingly untrue’
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Lombard International under investigation in Italy
Following allegations of tax evasion and money laundering
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US flags Maltese pension plans as ‘potentially abusive’
Government body warns they may be facilitating tax avoidance