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Minggu, 22 Juli 2012

HMRC to name and shame millionaire tax avoiders

“These schemes damage our ability to fund public services and provide support to those who need it. They harm businesses by distorting competition.

“They damage public confidence. And they undermine the actions of the vast majority of taxpayers, who pay more in tax as a consequence of others enjoying a free ride.”

Other plans include requiring HMRC to publish more information about avoidance schemes and the risks and consequences attached to those schemes.

HMRC is also looking at formally requiring individuals, as well as firms, should have an obligation to comply with the rules.

Officials said this would help HMRC where a firm is dissolved, moved off shore, or an individual promoter moves from firm to firm.

Last month Mr Carr found himself at the centre of criticism about K2, a legal scheme that allows its members to pay income tax of as little as one per cent.

He apologised for his tax arrangements, and said that the situation was a "serious matter" that he deeply regretted.

Mr Carr, 39, reportedly used the scheme to shelter £3.3million a year, channelling money from DVD sales and television appearances into a company that gave him back "loans" which are not subject to tax.

He is thought to have been the biggest single beneficiary of the scheme's 1,000 members, who were keeping £168million offshore between them.

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