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New UK Criminal Offences and Higher Penalties for Tax Evasion

|Approved Changes|United Kingdom
United Kingdom

UK Chief Secretary to the Treasury Danny Alexander has announced plans to implement new criminal offences and higher penalties for tax evaders and enablers of tax evasion. The plans include:

  • Introducing a new strict liability criminal offence for offshore evasion, so it's no longer possible to plead ignorance in an attempt to avoid criminal prosecution
  • Making it a criminal offence for companie…

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