Darling Furthers Tax Dodge Crackdown
This time he’s pledging to go after offshore tax evaders…
Britain’s fast becoming very taxing for anyone earning a decent sum or anyone attempting to avoid or evade taxes. The government’s approach grows more aggressive every week towards wealthy citizens who don’t wish to throw money into its black hole of debt. And the avoidance regulations are now opaque at best.
In plans to be announced in tomorrow’s Budget, Darling will double the maximum penalty for offshore evaders to 200% of the tax owed, according to the Financial Times.
And there are plenty of them. Officials estimate that more than £1bn of revenue is under threat from evasion schemes. According to the FT, Labour intends to use the clampdown to underscore its political message that the burden of tackling the £170bn deficit has to be shared widely.
So, as our tax regime becomes more threatening and more uncertain, one thing is pretty clear; if you don’t like high taxes, leave quickly, entirely and don’t plan on coming back any time soon.









