Comments on: Bankers facilitating tax evasion http://www.taxresearch.org.uk/Blog/2008/05/09/bankers-facilitating-tax-evasion/ Richard Murphy on tax and corporate accountability Fri, 05 Sep 2008 09:41:25 +0000 http://wordpress.org/?v=2.6 By: Tax Research LLP http://www.taxresearch.org.uk/Blog/2008/05/09/bankers-facilitating-tax-evasion/#comment-430763 Tax Research LLP Sun, 11 May 2008 19:46:52 +0000 http://www.taxresearch.org.uk/Blog/2008/05/09/bankers-facilitating-tax-evasion/#comment-430763 Alex We know that in Jersey in 2006 none of them did. We know they ran 10s of thousands of accounts on which evasion was taking place. They were found by the UK tax amnesty. I believe they must have known this - because they had the evidence from the EU STD to know who did and did not want their interest income declared to HMRC, and therefore who was likely to be evading. Depsite that apparently they could not identify a single case of evasion to report in Jersey in 2006. I don't believe that. I believe they chose not to see. This is the surest evidence that places like Jersey have great financial services rule books, and absolutely no willing to use them. And the UK big 4 banks play a part in that. as you and I know - as a result they help contribute to deaths in the developing countries of the world. It's not enough though to say let that be on their conscience. We have to stop them. Richard Alex

We know that in Jersey in 2006 none of them did.

We know they ran 10s of thousands of accounts on which evasion was taking place. They were found by the UK tax amnesty.

I believe they must have known this - because they had the evidence from the EU STD to know who did and did not want their interest income declared to HMRC, and therefore who was likely to be evading. Depsite that apparently they could not identify a single case of evasion to report in Jersey in 2006.

I don’t believe that.

I believe they chose not to see.

This is the surest evidence that places like Jersey have great financial services rule books, and absolutely no willing to use them.

And the UK big 4 banks play a part in that.

as you and I know - as a result they help contribute to deaths in the developing countries of the world. It’s not enough though to say let that be on their conscience. We have to stop them.

Richard

]]> By: Alex Cobham http://www.taxresearch.org.uk/Blog/2008/05/09/bankers-facilitating-tax-evasion/#comment-430714 Alex Cobham Sun, 11 May 2008 15:39:44 +0000 http://www.taxresearch.org.uk/Blog/2008/05/09/bankers-facilitating-tax-evasion/#comment-430714 I wonder how many of the four banks made suspicious activity reports? I wonder how many of the four banks made suspicious activity reports?

]]>