UK enters agreement with Swiss to protect ‘Secret’ accounts

Economics is not my strongest area so  I am not sure of the full implications of this story but as it involves billions of £’s and was tucked away in the Financial Times on-line version I’m sure it must be an important ruse by the LibDEm/Tories to help protect the interests of their wealthy chums.

Headed “Britons to be taxed on secret billions” it goes on to describe how legitimising secret Swiss Bank accounts on a “no names” basis is likely to be controversial because it will treat users of secretive havens more leniently than other taxpayers.

The report then explains that individuals hiding money in Switzerland are expected to move their money to alternative financial centres including Singapore, Hong Kong, Dubai and the US.

FULL STORY CLICK HERE

MICK

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About Councillor, Sefton MBC

Councillor, Sefton Metropolitan Borough Council, Victoria Ward, Ward Chair'
This entry was posted in Banks, economy, International, TAX Avoidance and tagged , , , , , , , , . Bookmark the permalink.

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