HMRC crackdown on tax evaders with Liechtenstein bank accounts

It says many account holders have failed to disclose the accounts for tax as the UK requires. As a result, the UK joins countries including Australia, Canada, France, Italy, New Zealand, Sweden and the US, all member countries of the OECD's Forum on Tax Administration (FTA), in the investigation. Dave Hartnett, acting chairman of the HMRC, says: "Tax evasion is not a victimless crime. Honest citizens have to meet the cost of the tax that is evaded by a minority who are dishonest. Tax cheats deprive our public services of vital funding. “Everyone is entitled to conduct their fina...