An international task force is being set up to sniff out illicit funds
stashed away in tax havens, but the UK is not joining the group.
The Norwegian government is forming an international group to target what it
believes is the stashing of illicit funds into tax havens by accountants, banks
and lawyers, reports
The Observer .
The Treasury told the newspaper it had not been contacted to join the group,
commenting that the UK worked with the OECD on tax evasion issues.
The Norwegian government is also offering to fund research into illicit cash
flow out of developing nations, reports the newspaper.
Smaller businesses could be excluded from government plans for making business transactions digital, found new research from ICAEW
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
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