(UK) Tax avoiders may be 'named and shamed'
Source: The Guardian
The Treasury will announce a crackdown on tax avoidance schemes on Monday in the wake of the row over the tax affairs of the comedian Jimmy Carr.
Promoters of aggressive tax avoidance schemes may be forced to disclose client lists to inspectors, according to David Gauke, the minister with responsibility for tax matters.
It follows revelations about the financial loopholes used by the rich and famous to legally sidestep large tax bills. In one scheme, Carr was paying 1% tax on his income.
The plan, which is going out to consultation, has been greeted with scepticism by Labour. One shadow minister said the Tories were so closely associated with tax avoiders they would not have the political will necessary to change the tax system.
Read more: http://www.guardian.co.uk/business/2012/jul/23/tax-avoiders-may-be-named-and-shamed
quakerboy
(13,921 posts)Taxes are bad. Heroes dont pay taxes!
PSPS
(13,621 posts)pscot
(21,024 posts)Wounded Bear
(58,743 posts)but I don't think they do. Need to make them feel pain, not shame.
avaistheone1
(14,626 posts)I think we should do it again.
loli phabay
(5,580 posts)clubs and one of the biggest in Scotland into liquidation. I think they used them as a trial balloon and to show tey were not fecking around.
freshwest
(53,661 posts)dipsydoodle
(42,239 posts)Complete bollocks - this has been going on since the at least the seventies. Individuals a or groups form a company in the Channel Islands into which all revenue is paid. They then loan money from their own assets. That's how it works and as I said there's nothing new about it. All of our political parties, for whatever reason, have chosen to ignore that avoidance scheme.
The subject of tax avoidance here is one of morality : not legality. Its tax evasion which is illegal here.