09 November, 2009
The original proposal for the Tobin tax rate was 1%, which was subsequently lowered to between 0.1% and 0.25%. It was named after the economist James Tobin, and was intended to put a penalty on short-term speculation in currencies.
30 June, 2009
Chancellor Alistair Darling has said that banks are to stop avoiding tax or they will face greater oversight.
20 May, 2009
The HMRC has applied for an order that will legally compel all 500 banks with a presence in the UK to hand over details of customers with offshore accounts.
02 March, 2009
Now that taxpayers are footing the bill, a spokesman for the Treasury has apparently called for an independent review into tax haven used by British banks.
27 February, 2009
European leaders congregated in Berlin last week to discuss tougher measures on tax havens and set a new regulatory framework.
26 February, 2009
In 2007 when the HMRC issued the first amnesty, offering customers of certain banks the opportunity to take advantage of the scheme, it netted approximately £400m for the HMRC.
24 February, 2009
Chancellor Alistair Darling wants Swiss banks to remove the veil of secrecy around their tax and banking regimes.
20 February, 2009
People hiding their savings in offshore accounts could be hit even harder by the 2nd tax amnesty as tougher penalties are planned by the HMRC.
22 April, 2007
In an attempt to recover billions of pounds in unpaid tax, the HMRC announced an amnesty of 2 months to residents with offshore bank accounts.