Further to #1727
Treasury to crack down on UK's offshore tax havens
Channel Islands and Isle of Man will be among those ordered to reveal names behind hidden accounts
"Radical plans to force the UK's tax havens to reveal the names behind hidden companies, account holders and trusts have been drawn up by the Treasury.
The news has delighted tax justice campaigners, who predict that the move, which is expected to be unveiled in the chancellor's autumn statement and come into force in 2014, will have major consequences for those trying to hide their money offshore.
A leaked document reveals that the UK plans to impose its own version of the US Foreign Account Tax Compliance Act (Fatca) on the crown dependencies of Jersey, Guernsey and the Isle of Man, as well as its overseas territories, such as the Cayman Islands..."
http://www.guardian.co.uk/business/2012/nov/25/treasury-british-tax-havens-crackdown
It all sounds wonderful. I shall have to go into training for the coming 'back-flips' and 'cartwheeling'...there could be joy to come.
