Tax Dodger Inspectors On Target

Tax Dodger Inspectors On Target.

According to Danny Alexander, Chief Secretary to the Treasury, the government is on track to raise £4bn this year through schemes aimed at cracking down on tax dodgers.  The Lib Dems have pledged to raise £9bn by tackling tax avoidance by 2015.  

The number of staff dealing with tax-evasion in Liechtenstein will be doubled as part of the crackdown.  The last Labour government signed a deal with Liechtenstein in 2009 to recover lost tax from British nationals holding bank accounts in the Alpine tax haven.

Up to 5,000 British investors are thought to have secret accounts.  Since 2009, they have been offered the chance to volunteer details of their deposits in return for penalties, capped at 10% of tax evaded over the past 10 years.

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