Tax & Regulation
Leniency offered to Norwegians confessing links to Panama
Norway’s economic crime authority has set up a dedicated phone number to give those with undeclared offshore assets linked to the Panama Papers the opportunity to come forward voluntarily and face lesser charges.
Tax & Regulation | 10 May 16
Is ending offshore anonymity the answer to tax evasion?
International efforts to end the secrecy of offshore tax havens – seen by governments as the solution to tackling tax evasion – may lead to some undesired side-effects, according to experts in the industry.
Tax & Regulation | 9 May 16
More than $12trn from emerging markets in offshore accounts
More than $12trn (£8trn, 10.5trn) has been taken out of emerging economies such as China and Russia and stashed in offshore accounts, new data from advocacy group the Tax Justice Network (TJN) has revealed.
Tax & Regulation | 9 May 16
Top economists question future of offshore financial centres
The future of offshore financial territories has been called into question by a group of over 300 senior economists, who have written to world leaders claiming they have “no economic justification”.
Tax & Regulation | 9 May 16
HMRC client criminal activity checks a burden for businesses
HM Revenue & Customs issued 1,468 production orders last year demanding that UK businesses provide information and documents relating to current or former clients suspected of criminal activity, according to city law firm RPC.