Two from Ritchie:
There has been some publicity over the last few days about H M Revenue & Customs having secured the names of 500,000 people in this country who have offshore bank accounts.
Interesting number. OK.
How come HMRC has 500,000 names of tax evaders but there\’s been no action?
What is the link between having an offshore bank account and being a tax evader?
For example, it is in fact possible to both have an offshore acount and declare for tax purposes the income received into it.
It\’s even possible to be a Brit, with an offshore account, and not actually owe any UK tax. As some of the 5.5 million Brits who don\’t live in the UK most definitely are not.
Even, lots of them who have gone abroad to work, come back, but left their money offshore.
What bugs is this immediate insistence that the mere existence of an offshore account must mean tax evasion.