The Olympics

The Olympics


News, information and stories about the Olympic Games.

Thursday, 25 September 2008

Gone Fishing

Accountancy Age reports that HMRC's investigation into offshore accounts, now covers up to 80,000 individuals suspected of using offshore bank accounts to avoid paying UK tax.

A good sized haul of fish to wade through.

Seemingly HMRC have mounted this massive fishing trip, because they are desperate to have a criminal prosecution.

The trouble is as Bob Brown, global leader for tax and investigations for Ernst & Young, says:

"The quality of information [on offshore accounts] is not as good as they thought and they lack enough experienced investigators to run with this."

Would it not therefore be better to cut one's cloth according to one's girth, ie focus on known criminals rather that go fishing?

Olympic Medals won during the Beijing 2008 Olympics

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