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Friday, 8 April 2016

Friday, April 08, 2016 Posted by Hari No comments Labels: , , , ,
Posted by Hari on Friday, April 08, 2016 with No comments | Labels: , , , ,

Chris, KJ and Fee think their chances could be quite good...

SOURCE GUARDIAN: Britain under pressure to end opposition to tax haven blacklist
Pierre Moscovici, the European commissioner in charge of tax policy, urged member states to throw their support behind his plans for a blacklist of tax havens – an idea dismissed last year by UK officials. He cited the case of Lichtenstein as a success, arguing that a deal to hand over information to the EU was accelerated because the principality wanted to get off the list. Last year, the commission made a first attempt at creating a blacklist when it published the names of 30 “non-cooperative tax jurisdictions”. The list was based on EU member states’ own varying ideas and included the British Virgin Islands, Guernsey, Hong Kong and Panama. The British government, which does not keep a blacklist of tax havens, criticised the move as “deeply unhelpful”. A briefing in the name of Treasury minister David Gauke, seen by the Guardian, described it as “a misleading list, since most countries and jurisdictions which are referred to are as transparent as EU member states”. The Treasury document went on to claim that “the UK’s overseas territories and crown dependencies have put themselves at the forefront of global tax transparency over the last couple of years”. As the Observer reported in January, Treasury officials also lobbied Brussels against action against Bermuda, a tax haven favoured by Google. David Cameron said on Tuesday that no government or prime minister had done more “to make sure we crack down on tax evasion, on aggressive tax avoidance, on aggressive tax planning, both here in the UK and internationally”.

Definition of Tax Avoidance is using tax law in a way "Parliament never intended."


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