Monday, 23 July 2012

Tax avoiders 'named and shamed'

23 July 2012 Last updated at 04:56 ET


Ministers are determined to clamp down on tax avoidance schemes

The government is promising to name and shame wealthy people who use "aggressive" tax avoidance schemes.
Treasury minister David Gauke announced that companies offering such products would be forced to hand over details of their clients.
The proposal is part of a government consultation on curbing tax avoidance.
Last month Prime Minister David Cameron condemned the use by comedian Jimmy Carr of a Jersey-based scheme as "morally wrong".
That was one of a number of high-profile cases of people using financial loopholes to legally avoid large tax bills.
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