Legislation creates corporate offence of failure to prevent tax evasion
Posted by mostafa on 9 May, 2017
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This item was filled under Tax
The Criminal Finances Bill received royal assent on 27 April. It introduces a corporate offence of failure to prevent the facilitation of tax evasion. In essence, a business may face an unlimited fine and a criminal conviction if any employee facilitates such fraud.
Global institutions with a UK presence could also be subject to UK criminal proceedings if an …