Taxation

Discuss rigorously the following tasks:
1) Offshore tax havens and secrecy jurisdictions have been used by individuals to avoid paying their income tax liabilities. In the first section of the assignment, as a professional accountant, you are required to critically discuss the issues of offshore tax havens, secrecy jurisdictions and tax evasion in the UK.
2) Outline the measures that have been taken by the UK in co-operation with other countries to reduce tax non-compliance. What agreements have been made with various countries and or organisations to minimise tax evasion and avoidance? In the second section of the assignment, as a professional accountant, you are required to critically discuss the issues of tax non- compliance.

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