05 December 2008
It's Become a Much Less Friendly World for Secret Bank Accounts
I don't know who found pictures of Lichtenstein's royal family engaged in unnatural acts with a sheep, because, they have announced that they have, "agreed a landmark deal with the U.S. to drop bank secrecy in cases of tax evasion and could make similar concessions in the European Union."
They now have to show evidence of likely tax evasion, as opposed to proving that there is deliberate tax fraud, which, you know, you generally cant without having access to the accounts in the first place.
You are going to see a whole bunch of people paying back taxes soon.
They now have to show evidence of likely tax evasion, as opposed to proving that there is deliberate tax fraud, which, you know, you generally cant without having access to the accounts in the first place.
You are going to see a whole bunch of people paying back taxes soon.
Labels:
Europe
,
Finance
,
Foreign Relations
,
regulation
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