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22 April 2016 / Peter Vaines
Issue: 7695 / Categories: Features , Tax , Commercial
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Taxing matters

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Peter Vaines wonders what all the fuss is over the Panama Papers & reports on other recent developments in the world of tax

All this business about the Panama Papers is driving me bonkers. Everybody is getting themselves all worked up about the tax issues relating to funds deposited in Panama—but these revelations have got very little to do with tax. It seems much more likely that most of the money is not put there to escape tax (such people are hardly likely to have been paying tax anyway) but to conceal the proceeds of crime, money laundering and corruption—on a biblical scale. Indeed, in the published list of people who had money in Panama, there is a whole section entitled “Organised Crime”.

It never ceases to amaze me how in some countries, a perfectly ordinary person can be elected to high office and before very long is able to accumulate untold millions (or billions) of pounds without anybody really getting too fussed about it. It is difficult to see any legitimate way in which

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MOVERS & SHAKERS

Thomson Hayton Winkley—Jordan Wallace

Thomson Hayton Winkley—Jordan Wallace

Thomson Hayton Winkley strengthens family law team

Ward Hadaway—Barnaby Rosenthall

Ward Hadaway—Barnaby Rosenthall

Construction lawyer returns to Ward Hadaway in Teesside role

Bird & Bird—Shahin Baghaei

Bird & Bird—Shahin Baghaei

Bird Bird hires leading legal transformation expert

NEWS
Legal aid deserts leave almost one in four without adequate access to justice
The Solicitors Regulation Authority (SRA) has warned solicitors and law firms that using artificial intelligence does not alter their professional obligations, amid concerns over inaccurate legal material and client confidentiality
From forgotten interest claims to case-management appeals, a string of procedural developments offers useful—and occasionally cautionary—lessons for practitioners

Jonathan Fisher KC highlights that it now accounts for around 40% of criminal offences, with roughly 70% involving technology, and argues that the UK cannot simply prosecute its way out of the problem. Detection, investigation and prosecution all require improvement, while different fraud types demand tailored responses.

How forcefully can a litigant criticise a public authority before robust advocacy crosses the line into unreasonable conduct? 
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