TaxAdministrationBudget 2010: Government to sign tax agreement with Belize

Budget 2010: Government to sign tax agreement with Belize

Anti avoidance strategy strategy marches on

The government is to sign a new tax information exchange agreement with
Belize, the home of Tory party deputy chairman Lord Ashcroft who recently caused
controversy over his tax status.

Agreements will also be signed with Dominica and Grenada.

The agreements comes as part of an anti avoidance programme expected to raise
half a billion pounds a year until 2012/13 – protecting £4bn in revenues
annually.

An agreement with Liechtenstein will raise £1bn alone.

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