Tax Evaders - now nowhere to hide

[rov1200]

The last Labour government failed to reign in these tax evaders. Now it has been left to the coalition to sort it out and they are having some success.

http://www.bbc.co.uk/news/business-11749085

Does the slogan 'we are all in this together" now ring true?

[Authentic]

Tories coming down on tax evasion, yeah right! Doesn't the majority of their money come from this source through their backers?

We're all in this together, yeah right again!

[LeMarchand]

Bono and others like him will just move their money to another tax haven.

[Gromit]

Now where to hide.

Under the stairs?

[Gromit]

No, that is a bit obvious, how about

[dotty.]

don't worry, their back up plan is probably just to ask for the money.

[Gromit]

...Belize?

[craft1948]

My daughter's boss is now a resident of the Bahamas.....

[modeller]

I wonder why these tax havens are now appearing to co-operate. Criminals and tax evaders have been using these havens for the past century and many of these havens rely on this money to run their economies. So what has changed ? There's got to be a catch somewhere.

[Gromit]

// The last Labour government failed to reign in these tax evaders. Now it has been left to the coalition to sort it out and they are having some success. //

Well, the article says they are in talks with 3 tax havens. The only firm deal is one brokered by Labour.

// A deal signed in August 2009 between HM Customs and Excise and Liechtenstein was aimed at targeting £3bn in offshore accounts belonging to 5,000 British taxpayers. //

The Switzerland deal is nothing to shout about. Any NEW accounts will be taxed. The £billions already stashed there will be untouched.

So rather than a great Coalition victory, they are instead taking the credit for a Labour deal and not much else.