Offshore tax evasion crackdown expected to raise £10bn…

Yesterday’s Guardian reports on Osbourne’s negotiations with Liechtenstein, Switzerland and a further 3 unidentified tax havens. The Treasury appear confident of raising £10bn over the next 5 years: The Treasury had only budgeted to raise £1bn across the parliament, mainly from an agreement with Liechtenstein. But George Osborne, the chancellor, is now expecting to raise £2bn to £3bn from secret bank accounts in the mini-state alone. Officials said a further £3bn was expected to be raised from Swiss bank accounts …

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