UK budget gets stricter with anti-avoidance

March 24 2010

Alistair Darling, the UK chancellor of the exchequer, announced that the government's Liechtenstein disclosure facility (LDF) has raised £1 billion ($1.5 billion) in extra revenue and said he plans to raise a further £1.5 billion (£2.2 billion) in other anti-avoidance provisions. The LDF allowed people with undeclared investments and deposits in Liechtenstein to settle their tax liability.

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