UK to see offshore accounts

| 13/08/2009

(FT.Com):  More than 300 banks will be forced to hand over details of clients with offshore accounts after a legal ruling opened up a new front in Revenue & Customs’ war against tax evasion. The extent of yesterday’s legal orders represents a ramping up of the Revenue’s campaign against secret offshore accounts, which began several years ago when five high street banks were forced to disclose details of more than 200,000 customers. Stephen Timms, financial secretary to the Treasury, said the ruling represented "real progress in creating a level playing field for all taxpayers."

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  1. anon1 says:

    Well Well Well, even the English Treasury is finally opening it’s eyes to the fact that London is one of the largest money laundries in the world ……………………. I am sorry everyone, I truly wanted to start a rant on the Hypocresy of London here ………….. but that picture of Stephen Timms just cracks me up …. I can’r think straight.

    Tell me that look on his face is not the result of finding the tax evaders right under his nose.