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| | House of Lords debates tax evasion & avoidance - 22 Jan 2004 (Site not responding. Last check: 2007-11-06) |
 | | In a House of Lords debate on tax evasion, avoidance, the use of offshore financial centres and measures to tackle evasion, government minister Lord McIntosh provided the memorable quote: "lawyers and accountants available to the private sector are paid more than the lawyers and accountants available to the government. |
 | | Lord McIntosh of Haringey: My Lords, to begin with, I believe it would be wise for the noble Lord, Lord Wallace, to distinguish between the Crown dependencies and overseas territories. |
 | | As I said to the noble Lord, Lord Wallace, I believe we should make a distinction between the offshore jurisdictions which are attractive because they have low tax regimes, which is legitimate, and those which have poorer regulation and which fail to comply with international standards of exchange of information or, indeed, of withholding tax. |
| www.accountingweb.co.uk /news/stories/1221/122075.html (1397 words) |
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