01-12-2005, 04:00 PM
Ray
I fail to see how they are going to implement this, particularly in the various offshore havens such as the Isle of Man etc.
You will only become liable for a tax if you cash in on those savings whilst still resident in an EU country.
There are many tricks to doing this, and I would hope that people with offshore investments are astute enought to know how to go about this.
I reckon they will be kept chasing their tails, unless the offshore havens are forced to change their rules of disclosure!!
What do you think?
I fail to see how they are going to implement this, particularly in the various offshore havens such as the Isle of Man etc.
You will only become liable for a tax if you cash in on those savings whilst still resident in an EU country.
There are many tricks to doing this, and I would hope that people with offshore investments are astute enought to know how to go about this.
I reckon they will be kept chasing their tails, unless the offshore havens are forced to change their rules of disclosure!!
What do you think?