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Preventing Tax Evasion through MoneyLaundering Legislation

Preventing Tax Evasion through MoneyLaundering Legislation In 1998 there was significant controversy about whether the UK moneylaundering legislation applied to the laundering of the proceeds of both domestic and foreign tax evasion. Despite the issue receiving widespread publicity at that time, in particular in the Guardian, the topic still attracts controversy today, particularly if it is suggested that the existing legislation applies to foreign tax evasion. There are a number of arguments used by the opponents to any suggestion that foreign tax evasion is caught in this way, the principal one of which appears to be that, as a matter of public policy, the English courts will not provide assistance to a foreign state in the collection of its taxes. For the reasons given below, the author does not believe that on closer examination that rule of public policy is applicable. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Money Laundering Control Emerald Publishing

Preventing Tax Evasion through MoneyLaundering Legislation

Burrell, Peter
Journal of Money Laundering Control , Volume 3 (4): 5 – Feb 1, 2000
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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1368-5201
DOI
10.1108/eb027243
Publisher site
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Abstract

In 1998 there was significant controversy about whether the UK moneylaundering legislation applied to the laundering of the proceeds of both domestic and foreign tax evasion. Despite the issue receiving widespread publicity at that time, in particular in the Guardian, the topic still attracts controversy today, particularly if it is suggested that the existing legislation applies to foreign tax evasion. There are a number of arguments used by the opponents to any suggestion that foreign tax evasion is caught in this way, the principal one of which appears to be that, as a matter of public policy, the English courts will not provide assistance to a foreign state in the collection of its taxes. For the reasons given below, the author does not believe that on closer examination that rule of public policy is applicable.

Journal

Journal of Money Laundering Control – Emerald Publishing

Published: Feb 1, 2000

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