Private Client: Full confession
No-one likes to admit to past irregularities, especially when it comes to tax. But governments are increasing incentives, with many offering amnesty programmes to encourage voluntary disclosure to revenue agencies with some very positive results. Sebastian Pritchard-Jones examines the trend
The chances of being investigated by an Inland Revenue authority are likely to increase year on year, as a result of growing pressure on government finances. Governments across the developed world are dealing with this pressure in different ways: most are expanding the resources devoted to combating perceived tax avoidance (and tax evasion); others are attempting to encourage compliance by an amnesty process.
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