Susan Bradshaw and Tim Brown of PricewaterhouseCoopers look at recent events in the world of tax investigations
Tax consultant jailed for four years
A tax consultant who marketed a dishonest pension scheme (the Stax scheme) has received a four-year gaol sentence. The Inland Revenue investigated the scheme which involved obtaining transfer payments from clients' pension funds to the pension funds of companies controlled by Stax. The pension funds bought 'EU annuities' on behalf of the clients who were then able to gain access to their funds without tax by way of loans from the annuity issuer which would never in fact be repaid.
This case and Special Compliance Office's recently proposed rationalisation of its...
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Susan Bradshaw and Tim Brown of PricewaterhouseCoopers look at recent events in the world of tax investigations
Tax consultant jailed for four years
A tax consultant who marketed a dishonest pension scheme (the Stax scheme) has received a four-year gaol sentence. The Inland Revenue investigated the scheme which involved obtaining transfer payments from clients' pension funds to the pension funds of companies controlled by Stax. The pension funds bought 'EU annuities' on behalf of the clients who were then able to gain access to their funds without tax by way of loans from the annuity issuer which would never in fact be repaid.
This case and Special Compliance Office's recently proposed rationalisation of its...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
