U.K. Government Renews Its Crackdown on Offshore Tax Evasion
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The U.K. renewed its attack against offshore tax evasion with plans to publish a new compliance strategy around the overseas entities that wealthy individuals use to conceal their assets.
The move “will build on the substantial progress the U.K. has made in tackling offshore tax evasion” since the government launched its last plan in 2014, the U.K. Treasury said Monday as part of its 2018 budget.