Switzerland must end its ‘intolerable’ tax and banking secrecy, said
chancellor Alistair Darling.
Darling told the
that Switzerland must make its banking and tax regimes more transparent to bring
into in line with the rest of Europe.
‘I think it’s important there is transparency. People don’t know what’s going
on. That’s not good. Indeed, half the many problems we have got now is because
people didn’t know what was going on,’ said Darling.
‘It’s one of the things Switzerland has got to address. If it wants to be
part of the international community, it’s got to be open. The secrecy that
allows people to shelter their wealth from tax that’s properly paid – you can’t
tolerate that. It’s unfair to those people who have got no choice but to pay.’
The US taxman is pushing Swiss wealth management firm UBS to reveal details
of US account holders who it alleges have withheld tax from the Internal Revenue
Service, according to
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states