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dreamdancer

Chancellor George Osborne launches £5bn tax raid on Swiss bank accounts

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George Osborne announced an agreement with the Swiss authorities to attempt to recover tax on an estimated £125bn kept in the famously discreet banking system.

Announcing the deal, Mr Osborne launched a strong attack on wealthy tax evaders, likening them to benefits cheats.

Under the agreement, UK accounts held in Switzerland in May 2013 will be subject to a one-off levy that could be worth as much as 34pc of the account's contents.

The levy is expected to yield an initial payment of £400m for the UK in 2013, with total revenues reaching £5bn by 2015.

After the one-off levy, the Swiss will then impose a "withholding tax" on British-owned accounts that are not properly declared to HM Revenue and Customs.

Treasury sources said that the money raised would not be used to cut taxes in Britain, instead being put towards reducing the Government's deficit.



http://www.telegraph.co.uk/finance/personalfinance/consumertips/tax/8721113/Chancellor-George-Osborne-launches-5bn-tax-raid-on-Swiss-bank-accounts.html
stay away from moving propellers - they bite
blue skies from thai sky adventures
good solid response-provoking keyboarding

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Thanks for the warning ... best I move my bootie quick sharp:P



Swiss bank accounts haven't been used much in the last 20 years. Everyone is using the Cayman Islands these days. This raid on Swiss Bank Accounts is nothing more than a way to act like something is being done. Nothing more than a headline grabber and a way to appease the masses.

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I think it sucks that the Swiss would agree to that.
>:(
Assholes



Why do you support tax evaders?


Says the man that moved from high tax Britain to lower tax USA.


Says the man who's country was founded for the purpose of tax evasion.

Emigration is legal, tax evasion isn't.
...

The only sure way to survive a canopy collision is not to have one.

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I think it sucks that the Swiss would agree to that.
>:(
Assholes



Why do you support tax evaders?


Says the man that moved from high tax Britain to lower tax USA.


Says the man who's country was founded for the purpose of tax evasion.


Why would people NOT paying taxes demonstrate about "TAXATION without representation", then?
Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

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I think it sucks that the Swiss would agree to that.
>:(
Assholes



Why do you support tax evaders?


Have you ever noticed, Kallend, that every time you assume you know what you are talking about ,you are wrong?

Nah...obviously not.
Educated stupidity is not a good thing.
My reality and yours are quite different.
I think we're all Bozos on this bus.
Falcon5232, SCS8170, SCSA353, POPS9398, DS239

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