Corporate Offence of Failing to Prevent Tax Evasion: Accelerated Implementation Plans
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Criminal Liability, Extra-territoriality, Failure to Prevent, Offence, Penalties, Straight to the Point, Tax Evasion, U.K. TaxFollowing the recent disclosure of the Panama Papers, the UK has accelerated its ground-breaking plan to introduce a new corporate criminal offence of failing to prevent facilitation of tax evasion. On 11 April 2016, Prime Minister David Cameron announced in advance of London’s forthcoming Anti-Corruption Summit that the UK “…will legislate this year to hold companies who fail to stop their employees [or associated parties] facilitating tax evasion criminally liable”. Read more.
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