Open offshore company

The British Inland Revenue Service (HMRC) has caused four more to provide information on bank deposits and resident of Britain in their offshore branches. Affected some 100 000 account holders in banks HSBC, Royal Bank of Scotland, HBOS and Lloyds TSB.

Is expected that the treasury will be returned more than $ 500 million of unpaid taxes. Despite the impressive size, this amount is considerably lower than planned to get the tax after the first judicial precedent in respect of Barclays Bank in 2006.

The reason for the tax became a successful attack of the EU tax savings in 2005. Directive oblige all financial institutions and the tax authorities of participating countries to provide information on income residents of the EU tax authorities of countries where they live.

By directive, all joined the British offshore island territory (except for Bermuda), the majority of Caribbean offshore jurisdictions, and almost all European offshore.


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