TaxCorporate TaxTimms heralds “new world” of pain for tax cheats

Timms heralds "new world" of pain for tax cheats

Government plans to crack down on tax avoidance

The Government is about to step up its campaign against tax cheats and plans
to highlight the issue in its Pre-Budget Report, a Labour minister warned
yesterday.

Financial Secretary Stephen Timms described tax avoidance as “morally wrong”
and said the government aims to “tilt the game back towards honest, hard-working
taxpayers”, according to a story in
The
Scotsman
.

Addressing an audience of tax experts, Timms said the global financial crisis
had created a “new world” which would see greater pressure on tax avoiders.

The speech comes ahead of the G20 summit later this month, in Pittsburgh,
which may result in sanctions for tax havens.

Further reading:
Darling
blitz on ‘morally wrong’ tax avoidance

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