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£100bn” lost through tax avoidance”

Fiduciary Wealth Team

People using tax havens have deprived governments of £100 billion worldwide and there are clear  plans to make  this stop. Much of this tax evasion takes place via British Overseas Territories, place such as Cayman Islands and BVI and the Crown Dependencies of Channel islands and Isle of Man. Do not think that moving forward it will be possible to secretly hold assets in these jurisdictions. All governments led by UK and Spain are out to crackdown on tax evaders and ensure that the right amount of tax is paid by all whether owned individually or by a company, trust or foundation.