Britain plans clampdown on tax avoidance advisors

The British government pledged to clampdown on tax avoidance and evasion following on from the Panama Papers data leak in AprilThe British government on Wednesday announced plans to clamp down on accountants, financial planners and advisers who enable tax avoidance, with heavy fines for those caught. “People who peddle tax avoidance schemes deny the country of vital tax revenue and this government is determined to make sure they pay,” said junior finance minister Jane Ellison. Prime Minister Theresa May, and her predecessor David Cameron, pledged to clampdown on tax avoidance and evasion following on from the Panama Papers data leak in April, which revealed the offshore financial activities of individuals and companies across the world.

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