Friday 7 October 2011

Swiss deal tightens evasion net

Tax evasion net tightening after Swiss deal, reports BBC.

'The "net is tightening" on tax evaders from the UK following a deal struck with the Swiss authorities, an industry body has said.

More details have been released about the agreement in which undeclared money held by UK taxpayers in Swiss accounts will be taxed for the first time.

Concerns were raised that it offered an amnesty to some tax dodgers.

But the Chartered Institute of Taxation (CIOT) said lawbreakers could still be prosecuted.
'

For full story visit:

http://www.bbc.co.uk/news/business-15215867