HM Revenue & Customs (HMRC) is poised to launch a second 'amnesty' to encourage tax evaders to settl...
HM Revenue & Customs (HMRC) is poised to launch a second 'amnesty' to encourage tax evaders to settle up. Business advisory firm Baker Tilly has warned the terms are likely to be stiffer than those of last year's Offshore Disclosure Facility when up to 20 years' back taxes, plus interest and a 10% penalty were paid. Baker Tilly believes the penalty will be at 30% or more and those who fail to approach HMRC voluntarily will risk criminal proceedings.
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Industry Voice: One of the most serious problems with GDP is that it fails to measure the impact of economic growth on the planet's finite environmental resources. As economist Kenneth Boulding once put it: "Anyone who believes that exponential growth...