Posted by Jake on Friday, December 07, 2012 with No comments | Labels: banks, budget cuts, HMRC, taxation, UK Uncut
KJ, Chris and Fee wonder whether we'll ever get our hands on all the tax haven billions...
BACKGROUND: £40bn held in Swiss bank accounts by UK taxpayers
A breakthrough tax agreement with the Swiss government comes into force on 1 January 2013. It is hoped that this will flush out £5.3bn in extra tax over the next six years. The UK government admits it may not be able to pin down who, exactly, owns all the money in Swiss banks. It raises questions as to how much is held in other tax havens. Getting British taxes out of a tax haven that is a foreign country is a major achievement. BBC NEWS
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