The Times has reported that:
THE chancellor is to step up hostilities against Britain’s super-rich by pressing for sanctions against Monaco, the Mediterranean tax haven.
Under one proposal, to be discussed by Alistair Darling with European finance ministers on Tuesday, there will be a levy on any money transferred to a Monaco account from anywhere in Europe.
Withholding taxes on all payments into a haven is something I’ve asked for for some time. Good to find I’ve got an ally.
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Look at the cynicism where the tax partner at Grant Thorton says he doesn’t condone tax evasion, but avoidance is Ok saying money will move to Asia.
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