Today in the BBC it was revealed that the HMRC, the UK’s tax authority has confirmed that it has paid an informant for data regarding British citizens who have accounts in tax haven Liechtenstein.
HM Revenue and Customs (HMRC) confirmed the move after a Sunday Times report, but would not say how much it had paid the informant. Read the article here
The suspected whistle blower, accused of stealing data from the bank, LGT, was sacked and convicted of fraud.Mike Warburton, a partner at Grant Thornton at www.grantthornton.com said: It is shocking that the Revenue has started buying information from dubious sources to help its investigations.
I have discussed this issue in this morning post OECD, Liechtenstein and Germany. Is there a place for a synthetic approach? and will welcome people's views.
