The ‘Paradise Papers’ information leak will provide HMRC and other global jurisdictions with further ammunition in their on-going war against offshore tax evasion, London accounting, tax and advisory practice Blick Rothenberg has warned.
Fiona Fernie, a partner and tax investigations specialist at Blick Rothenberg, said that even though the latest scandal was "a huge leak, even in comparison to the Panama Papers" even greater amounts of information were already coming to HMRC as a result of the UK Foreign Account Tax Compliance Act (UK FATCA), involving the UK Crown Dependencies and Overseas Territories, inclu...