UK:
Criminal Finances Act And Preventing The Facilitation Of Tax Evasion
12 February 2018
Mishcon de Reya
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Managing associates
Gareth Minty and
Tim Thompson discuss the Criminal Finances Act, and the
consequences of failing to prevent the facilitation of tax
evasion.
On 30th September 2017, the Ciminal Finances Act 2017 introduced
two new corporate offences of failing to prevent the facilitation
of unlawful tax evasion. In doing so, it continued a trend that
began with the Bribery Act and which places an expectation on
businesses to enforce the criminal law or run the risk of being
prosecuted for failing to do so.
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