The Isle of Man and Jersey create opacity – according to H M Revenue & Customs
May 27th, 2011
A couple of weeks ago I presented evidence to the House of Lords Economic Affairs Committee. My evidence will be published shortly. This week Dave Hartnett also gave evidence to that committee, and at least in part on the same subject: employee benefit trusts. As Accountancy Age reports:
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told the Lords Economic Affairs Finance Bill Sub-Committee: “Some of the offshore arrangements have been pretty opaque to us for some time.”The disclosure regime had...Hartnett said: “It is not always possible to use the exchange of information provisions under treaties and other things to expose those.”