Yes it does seem like it must have been a good faith mistake. Worth correcting though (there is a lot of repetition of good faith mistakes on this topic). HMRC annual report just out says over last 8 years 2.8bn recovered from international evasionhttps://www.gov.uk/government/publications/hmrc-annual-report-and-accounts-2017-to-2018 …
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Replying to @MForstater @dslesperance and
All these are estimates no-one knows the exact figs. I think you're being a bit pedantic. It was a joke! There will be money it will run into billions. Not exactly clear.
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Replying to @HelenGoodmanBA @MForstater and
Helen, it really won't be billions for the reason I mentioned: any rational tax evaders will have plenty of time to move to other jurisdictions that don't have disclosure. Not pedantic but an important point, and a good reason to pursue universal BO disclosure.
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Replying to @DanNeidle @MForstater and
Yes we should do that too. But I believe we should act where we have control and not use this an excuse. Can you tell me one good reason why NOT to act?
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Replying to @HelenGoodmanBA @MForstater and
I said upthread I agree with OT beneficial ownership disclosure. I don't agree with being reckless about the likely yield. £10bn was a nonsense, reckless figure.
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Replying to @DanNeidle @dslesperance and
Personally I am less convinced than Dan about UK imposing public registers on OTs (orCDs). There should be adequate, accurate timely information accessible to competent authorities, & to the public for public contractors, politicians & senior officialshttps://www.cgdev.org/blog/criminal-finances-should-uk-be-imposing-public-registers-beneficial-ownership-its-ex-colonies …
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Replying to @MForstater @DanNeidle and
Having agreed thru the exchange of notes for OTs & CDs to develop confidential central registers & exchange info w UK law enforcement, with a review in July 2019, jumping straight to requiring publication by OTs 'because we can' was breaking cooperation https://www.parliament.uk/business/publications/written-questions-answers-statements/written-statement/Commons/2018-05-01/HCWS661/ …
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Replying to @MForstater @dslesperance and
I am uncomfortable with the method, for that reason, but agree with the outcome. However important that there is a speedy move to universal BO disclosure at OECD level, or (1) evaders will move; (2) unfair to OTs.
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Replying to @DanNeidle @dslesperance and
That's not even on the table in the US though. If this gets through Congress it will be amazing (in a good way..... I mean it would be great)
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Replying to @MForstater @DanNeidle and
But if method results in a fundamental (successful?) challenge to constitutional relationship and also doesn't get the OTs to agree, it might be the method was too quickly applied.
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