The leaders of Britain and France have issued a joint warning that tax havens
will face sanctions from March 2010.
At a Franco-British Summit both prime minister Gordon Brown and president
Nicolas Sarkozy said countries acting as tax havens to evaders would face
‘The writing is on the wall for tax havens wherever they may be,’ said Brown.
‘Tax transparency, full exchange of tax information and reducing tax avoidance
are crucial for the health of the global economy.’
Further powers are being sought by HMRC, but it is ‘failing’ to use those it already has, such as Conduct Notices, says RPC
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
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