Wealthy people who use aggressive tax avoidance schemes will be “named and shamed” under plans by Treasury Minister David Gauke.
Companies that set up complicated tax schemes for clients could be fined if they fail to reveal those who are benefiting from them.
Gauke said that such schemes hindered the government’s ability to fund public services and to “provide support for those who need it.”
This comes after Prime Minister David Cameron publicly criticized comedian Jimmy Carr for using a scheme that saved him millions of pounds a year in tax. Carr was suitably embarrassed to declare that he would stop using this tax avoidance scheme.
Some tax advisors though believe that rather than try to shame people into paying more tax, it would be more effective to tighten up on legislation to prevent the tax avoidance schemes from happening in the first place.
Ricky worked as an Investigator in the Inland Revenue for over 20 years before founding Steedman & Company in 1987, giving him the experience and knowledge that’s enabled him to help so many clients over the years.
His appearance on a Channel 4 television programme about the inside workings of Revenue and Customs was watched by 4.1m, sealing his status as one of the most highly respected tax consultants working in Scotland today.
Ricky leads all tax investigation and COP 9 cases, using his extensive knowledge to help people reach a positive resolution to their situation.