Friday 17 July 2015

Strict liability offence for offshore tax evasion will apply to all jurisdictions

Out-Law: A strict liability offence for those evading UK tax by not declaring overseas income and gains will apply to income and gains in all overseas jurisdictions and not, as was originally proposed,  just income and gains concealed in states which have not signed up to the Common Reporting Standard (CRS).

Full story: http://www.out-law.com/en/articles/2015/july/strict-liability-offence-for-offshore-tax-evasion-will-apply-to-all-jurisdictions/