Regulatory clampdowns are not usually popular for the clampees in the traditional sense. However, there is one particular tax amnesty that offers a little more than the usual negative incentive for potential tax evaders:

Telegraph: Offshore tax dodgers are being offered “the best amnesty ever” which could even enable them to avoid inheritance tax (IHT) on undeclared assets, accountants claim.
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Under the terms of the Liechtenstein Disclosure Facility (LDF) people who own up to undeclared assets need only pay up to 10 years’ back tax – or half the usual tariff – a fixed 10 per cent penalty, instead of the threat of jail sentences, and they may avoid IHT altogether. It is understood that HMRC is taking a ‘bird in the hand’ approach to tackling offshore tax evasion and hopes to maximise revenues by a softer initial approach, followed by individual investigations and prosecutions later for those who ignore the LDF.

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Given that the deal is based on stolen data – HM Revenue & Customs (HMRC) is understood to have paid millions of pounds for account holder information stored on computer discs stolen from Liechtenstein – the softly softly amnesty approach may help avoid tricky legal challenges.