New proposals to fight tax evasion
Quote:
People who hide their money overseas to avoid paying tax face bigger fines and could be jailed more easily under government plans to fight tax evasion.
To prosecute at present, tax officials must prove a person holding income offshore has intended to evade tax.
But under a new criminal standard officials would only have to show money was taxable and undeclared.
Chancellor George Osborne said the changes would mean there was "no safe haven" for those evading tax.
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http://www.bbc.co.uk/news/uk-politics-26998208
Now your in trouble STEED....where are you going to hide your money now?
