UK MPs unite to push for greater transparency from tax havens
From Tax Justice Network’s December 20 Taxcast.
In trusts we trust? We look at the new game in town: beneficial ownership avoidance, the booming industry in alternative escape vehicles from public registers and why we must shine the spotlight on all of them. Plus: we discuss two big stories we think will define 2017: the race to the bottom between nations on tax aka a transfer of wealth to the corporate community, and how the world’s biggest havens are increasingly having to account for the devastating effect their tax and/or financial secrecy policies are having on human rights around the world…TaxCast on Ownership Avoidance and the Great Escape
Chemists and Pharmacy GST Scam Alert
Tony Capon, assistant director, Fraud Investigation Service, HMRC, said: “Hughes lived in an expensive house, drove a Porsche Cayenne and travelled the world, but he never declared any legitimate income or business trading to HMRC.
"He operated a criminal network to smuggle, transport, store and sell illegal cigarettes and tobacco, purely to evade tax. This was a serious attempt on an industrial scale to steal millions of pounds from the public purse and undermine local businesses." 'Public Wi-Fi' gang fail in cunning plan to hide £10m cigarette tax fraud