tax avoidance

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UK tax authorities tighten Liechtenstein’s billion-worth loose end

LONDON | More than 2,400 people have registered to disclose unpaid tax under the Liechtenstein disclosure facility with £363 million already paid in tax bills, the British tax authorities announced Monday. The new legal framework is now expected to bring in up to £3 billion by 2016 based on the current numbers of disclosures. The figures were released as the United Kingdom and the Principality of Liechtenstein prepared to sign a double…


Tax havens are alive and well

By Carlos Cruzado, in Madrid | Although the concept has many nuances and definitions, when we hear about tax havens we all know what that means: areas that offer very favourable fiscal treatment for citizens and businesses in order to attract foreign money, which usually also implies a lack of control about the nature of such funds. While it is true that the existence of tax havens is a longstanding problem,…