Cowgill Holloway’s Lisa Wilson, Tax Partner had a trio of BBC Radio interviews regarding the government’s stance on tax avoidance following the release of the ‘Panama Papers’.
The first interview followed the release of the Prime Minister’s tax affairs, with Paddy O’Connell, host of BBC Radio’s 4 Sunday morning show, Broadcasting House.
Lisa explained to the BBC that the documents released were not the Prime Minister’s tax returns, merely a summary of his taxable sources of income and gains. Lisa went on to explain that had the returns been published, more insight could’ve been gained.
Lisa then described the normality of lifetime gifts, whereby parents pass assets to children, explaining the rules around the gifting of assets and the inheritance tax treatment of these gifts. To listen to the interview, visit BBC iPlayer Radio at
http://www.bbc.co.uk/programmes/b0766fvx (07:20).
Following this interview, she was then invited on to Radio 5’s Wake Up to Money programme to discuss the HMRC taskforce assigned to investigate tax evasion and money laundering. Lisa explained that the taskforce had been given an additional £10 million in order to fund this investigation, going on to explain the measures currently being implemented to tackle tax evasion, including criminal measures when corporates are found to be assisting in tax evasion. To listen to Lisa’s comments visit BBC iPlayer Radio at
http://www.bbc.co.uk/programmes/b076ns9v (35:25).
Lisa’s third interview of the week was on the Today show on BBC Radio 4, where she gave her opinion on how the recent agreement to share information among the five richest countries within the EU could help tackle tax avoidance.
Lisa went on to explain that these measures could only be effective with international cooperation, and that there is some argument for commercial confidentiality where businesses are trying to compete in competitive markets. To listen to the interview visit BBC iPlayer Radio at
http://www.bbc.co.uk/programmes/b076nzhc (02:10:55).
Disclaimer
The information was correct at time of publishing but may now be out of date.
