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Budget 2010 - Penalties for offshore tax evaders

In addition to signing information exchange agreements with Antigua, Belize and Dominica, the Government has announced details of penalties for offshore tax evaders who do not make use of its so called 'amnesties' and come forward voluntarily.

In extreme cases the new penalty could be as much as 200% of the tax found to be due.

 

 

Date: 24th March, 2010
Author: David Mansell

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