"The driving factor to bring someone into
compliance is almost always fear. As the reality of the fishbowl world we live
in becomes more clear, more and more individuals are coming forward to declare
offshore assets."
~BQ
European Union countries should consider taking tougher measures against banks and tax advisers who help their clients to hide money offshore, an EU Commission paper says.
The document will be discussed at a meeting of EU finance ministers in Amsterdam on April 22-23, where tax evasion has been added to the agenda following the Panama Papers leak.
"The Panama Papers have highlighted how certain European financial intermediaries and other providers of tax advice appear to have actively helped their clients to conceal money offshore," the document, seen by Reuters, said.
EU mulls crackdown on banks offshore tax advisers after Panama Papers
Mr Walker said last night: ‘It is ridiculously heavy-handed for banks to treat British MPs and their families in this aggressive way. They should be targeting crooked despots and dictators, not MPs’ grannies.’ UK Osborne exempts members of parliament other politically exposed persons from money laundering oversight
In general the public wants a tax system that is structured fairly and they want everyone to pay what they are meant to. This has been shown clearly by reactions to the Mossack Fonseca leak. The problem is that there are many different types of fairness involved in issues of taxation – and they are often pitted against each other.
When it comes to tax, how do we decide what’s fair?
Be thankful the US is willing to be our global policeman on Panama etc...
Corporate Close-Up: Panama Papers Point to Nevada and Wyoming as Tax Havens
Australia Tax commissioner to give evidence on Panama Papers before Senate inquiry
ABC: panama papers Senate inquiry to ask ATO about tax havens
Panama Papers give governments a chance to boost tax transparency
Panama's president says vilification over tax haven issue is unfair
Luxleaks whistleblowers on trial in a week, face 10 years in jail
Smoke and Mirrors: Government deliberately sidesteps effective avoidance strategies
How the OECD had a ‘bad Panama Papers’ – and why it matters
Friedrich List and the pre-history of Modern-Day Competitiveness Thinking
Tax avoidance: would Brexit encourage a crackdown or make it easier?
Plans to stop collecting data on wealthiest 1% in UK criticised by IFS
Offshore in central London: the curious case of 29 Harley Street
US taxpayers growing tired of Ireland's one big idea
Corporate Close-Up: Panama Papers Point to Nevada and Wyoming as Tax Havens
Panama Papers give governments a chance to boost tax transparency
How the world's wealthy hide millions offshore — from their spouses
INM chiefs linked to Panama Papers firm
Tax-dodging companies could be hit with limitless fines
HMRC launches consultation on new tax evasion offence
Microsoft, Boeing Among Corporations With Billions Stashed in Offshore Tax Havens
Transparency over tax is not the answer to evasion