Has the UK government been lax in the past regarding tax havens?
As the UK government rides high on a wave of optimism regarding the collection of over £500 million in taxes which had been "hidden overseas" many people are starting to ask the question, has the UK government been very lax with regards to tax havens in the past?
The fact that so much money has been identified in overseas bank accounts, with the vast majority allegedly undeclared on tax returns, does beg the question of how long the UK government has been aware of the situation. Is it a coincidence that when the UK national debt reached record levels, the economy is still on its knees and unemployment is set to mushroom in the short to medium term, the UK government now finds a "handy" £500 million down the sofa?
There is a growing suspicion that the UK government has been well aware of the overseas situation for sometime although ultimately up until now, with the economy booming and taxes rising, there was no need to "raid the piggy bank". It is also strange that the UK government is still offering an amnesty to those who declare their overseas bank accounts in the short term even though many have had years to do so.
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