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Wealthy people who use aggressive tax avoidance schemes could be “named and shamed” under government proposals to be launched today.
In a speech to the Policy Exchange thinktank, Treasury minister David Gauke set out the proposals to force finance companies to reveal the details of the individuals attempting to minimise their taxes.
The Conservative MP said this morning the Government was taking a series of measures to clamp down on "artificial" tax avoidance schemes.
"We’re going to be putting out more information about the way in which HMRC deals with some of these schemes, closing them down, showing where schemes don’t work," he told Sky News.
"All of this we’re consulting on with a view to legislating next summer, but the purpose is to ensure that there aren’t people who are able to walk around their responsibilities whilst everybody else is working hard and paying their taxes."
TUC General Secretary Brendan Barber said: "As well as targeting aggressive tax avoiders, ministers must cut this multi-billion pound problem off at source by closing the many loopholes that the super-rich exploit."
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23/07/2012 on Today, BBC Radio 4
23/07/2012 on Sky News
Summaries and transcripts from TV and radio
1 hour ago on Today, BBC Radio 4
1 hour ago on Breakfast, BBC Radio 5live
2 hours ago on Today, BBC Radio 4