HM Revenue & Customs said it has sent letters to customers of HSBC Jersey advising them to sign a declaration that they do not owe any UK tax on their offshore assets, placing some customers between the proverbial rock and the hard place.
Brazil’s federal government has submitted a bill to the Senate to establish a voluntary disclosure programme that would allow companies and individuals to regularise any undeclared offshore assets without facing criminal prosecution.
The three-and-a-half year sentencing of Bayern Munich president Uli Hoeness last week for tax evasion has lead to calls for tougher attitudes toward tax cheats from senior German lawmakers.
