PRIME Minister David Cameron has written a letter to Britain’s overseas territories, including Guernsey, stressing the need for them to ‘get our own houses in order’ as he pushes for international action to tackle avoidance schemes.
Tax Avoidance news
A STRONG warning about a likely end of tax avoidance-based activities in the Guernsey finance sector has been issued by the director-general of the Financial Services Commission.
AN ‘OLD Sark Larker’ was filmed by an undercover Panorama journalist in Guernsey allegedly offering to hide £6m. from the UK taxman.
TAX firms could in future be forced to identify clients who use aggressive avoidance schemes, under plans unveiled by the UK government.
EVEN the most one-eyed defender of tax structures in the Channel Islands will have winced at the scheme exposed by yesterday’s in-depth report in The Times.
A CLAMPDOWN on tax avoidance will help the UK government raise an extra £500m. a year, according to yesterday’s Budget.
GUERNSEY faces increasing pressures as both the UK and the US tackle taxes, according to a local expert.
THE difference between tax avoidance and tax evasion has been further clouded after the UK Budget announcement, according to local tax expert Tony Mancini.