This headline in Accountancy Age made me smile for a number of reasons:
Why? First of all because HMRC are doing something about tax evasion.
Secondly, because the fact that the letters can even be sent proves that automatic information exchange - something I and others in the tax justice movement have campaigned for over a long time - works to beat tax evasion.
And thirdly, well because for so long Cayman has said no one uses the place for tax evasion and I have always said otherwise. It's nice to say 'told you so' sometimes. This is one of them.
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
There are links to this blog's glossary in the above post that explain technical terms used in it. Follow them for more explanations.
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
Buy me a coffee!
How would the Cayman Islands know that people cant be bothered to tell the truth on their tax returns???
They don’t
They tell the UK which ULK tax residents have accounts in Cayman with what level of income