Britons to be taxed on secret Swiss billions

The agreement, which is expected to be announced this month, marks a shift in emphasis in the international crackdown on tax havens, the FT reports. Over the past two years, the focus has been on lifting bank secrecy and exposing evaders. Under the deal, £3bn is expected to be raised over the course of this parliament and investors will also pay a one-off retrospective levy in recognition of past unpaid tax. The move by the Swiss authorities to "regularise" hidden accounts by taxing them on behalf of the UK government is a sign of the intense pressure they have faced from governments ...