The transparency act requires that hospitals receiving tax subsidies disclose in a timely and fully transparent manner how large their profit margins are, how much money they hold in offshore accounts
and how much compensation they pay their CEOs.
BERLIN, March 30 (Reuters) - Germany and Switzerland scrambled on Friday to salvage a landmark deal on taxing secret offshore accounts
after the main German opposition party raised 11th hour objections to a compromise plan it branded full of "loopholes".
FOOTBALL manager Harry Redknapp angrily denied taking a "bung" and insisted cash in an offshore account
was a "bonus" from Peter Crouch's pounds 5 million move to Aston Villa.
For those that have missed the boat the prospect of a call from HMRC is now very real as more and more financial institutions open up their records and allow the taxman access to offshore account
The dad-of-one also pled guilty to using fake company names to transfer pounds 126,400 into an offshore account
I would urge anyone with offshore accounts
holding untaxed income or gains to take advantage of this simple and straightforward scheme.
However, certain countries have already waged a campaign against tax evaders, who have purposely used offshore accounts
to avoid paying dues to their home countries.
US law forbids its citizens from evading tax through harvesting assets in offshore accounts
MIAMI: A judge yesterday postponed the opening of a trial in a lawsuit seeking to force Swiss financial giant UBS to reveal the identities of thousands of US clients with offshore accounts
authorities that it will close the offshore accounts
of American account holders.
Three-quarters of this withheld tax is then paid to the UK Government, with the rest retained by the government of the tax haven, giving an effective UK tax rate on offshore accounts
The TUC, which analysed figures from a recent parliamentary answer, said during the past three years Au319 million of tax was lost on a total income from offshore accounts