Corporate Offence of Failing to Prevent Tax Evasion: Accelerated Implementation Plans

Following the recent disclosure of the Panama Papers, the UK has accelerated its ground-breaking plan to introduce a new corporate criminal offence of failing to prevent facilitation of tax evasion. On 11 April 2016, Prime Minister David Cameron announced in advance of London’s forthcoming Anti-Corruption Summit that the UK “…will legislate this year to hold companies who fail to stop their employees [or associated parties] facilitating tax evasion criminally liable”. Read more.