Property tax avoiders targeted by new HMRC
HM Revenue & Customs has established a taskforce to deal specifically with people trying to dodge property tax in the south west of England and in south Wales.
Tax Evasion
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Criminalised offshore regions increasingly
The impacts of HM Revenue & Customs plans to criminalise offshore tax evasion are looking increasingly severe, as nearly 40% of advisers with clients holding offshore assets claim their customers now prefer to invest into non-disclosure jurisdictions.
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HMRC is closing in on you Offshor
HM Revenue & Customs has told offshore tax evaders to come forward now before we come to you, as it makes failure to declare taxable offshore income and gains a strict liability offence.
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uk to go ahead with beneficial owners
UK companies will have to list their “beneficial owners”, business secretary Vince Cable has said.
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prison threat for undeclared offshore assets
The UK Government today published details of its latest plans to ramp up pressure on tax evaders who hide money offshore, which include making it easier to prosecute them, with a prison sentence possible for those found guilty, even if, it is being suggested, they did not intend to evade taxes.
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australia launches tax amnesty
Australia today has unveiled a new tax "amnesty" programme aimed at encouraging tax evaders with undeclared offshore assets to come in from the cold, with just a “heavily reduced penalty” to pay.
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chancellor uses budget to scare tax cheats
Legislation enabling HM Revenue & Customs to be able to demand upfront payment of tax it claims it is owed, but which is in dispute, was among a range of measures UK Chancellor George Osborne unveiled in his budget today.
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french ex minister accused of secret
A French former tax minister has been accused of maintaining a secret bank account in the Isle of Man.
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tax evaders no longer told of foreign requests
Tax evaders no longer have a right to be informed when their information is disclosed to other countries, following a legal amendment approved by the Swiss Parliament.
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caymans financial services businesses weigh in
As the deadline for public comment passed last week on a proposal to implement a public registry of beneficial owners in the Cayman Islands, companies and organisations with a presence there weighed in on the matter with most expressing criticism of the plan.
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consultation closes today on hmrc plan
A consultation closes this evening on a plan that would enable HM Revenue & Customs to be able, in certain cases, to demand upfront payment of tax it claims it is owed, but which is in dispute.
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german swiss tax deal similar to
A deal that would have enabled Germans with undeclared assets in Swiss institutions to pay the back taxes they owe without having their identities revealed is “dead and buried” because of public opposition, Bloomberg has reported.