Darling announces greater crackdown on tax havens
Darling announces greater crackdown on tax havens
Thursday 25th March 2010
Alistair Darling has announced the UK will seek to combat tax avoidance with another three countries, most notably Belize.Further to the agreement signed with Liechtenstein last August, the chancellor announced in his Budget on Wednesday, the UK will sign agreements with Dominica, Grenada and the aforementioned Belize.
The announcement provoked a great cheer from the Labour benches in the House of Commons, with MPs shouted "Ashcroft" in reference to the notorious Conservative Party deputy chairman Lord Michael Ashcroft, who is known to have a number of business dealings in Belize.
The Tory donor had dominated the headlines in recent weeks after he finally revealed he was a 'non-dom' and not paying tax on money earned outside the UK.
Since the agreement is unlikely to be retroactive it is doubtful that it will affect Lord Ashcroft himself, but does give Labour the opportunity to score political points and keep the peer's controversial tax status on the news agenda.
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