starman

Prossie With £1million In A Swiss Bank Account

17 posts in this topic

Umm, yes! I've spent a head-ache filled day doing my self assessment, so, by the rights I ought to feel holier than thou, and hope the Revenue take her to the cleaners, but I don't! I'd hope that she paid tax on her earnings, and then hid her share in Switzerland, where it might have multiplied, but even if she hadn't I'm still left with sneaking sympathy for her.

Let's just hope that she banked the boodle as SexySusanna4You, which might leave the Revenue's hit men with a difficult trail to follow? Of all professions, escorting ought to be the one that can be packed up and exported without too much difficulty. Perhaps that nice Sr Berlusconi might offer her one of his flats?

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More than 120 other suspected British tax cheats are being probed :rolleyes:

And talking of :rolleyes: ..... any bets on responses? :P

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I think that the £500k bill for tax, interest and penalties looks somewhat conservative.

In my experience, if culpability is proven, penalties can easily be 200% of the tax bill.

My estimate would be:

Tax - (say) 40% of £1m = £400k

Penalties - 200% of tax being recovered = £800k

Interest - (say) = £ 50k

Professional Fees - (say) = £ 50k

That's a bill of £1.3m

Tackling Offshore Tax Evasion

Legislation at section 35 (Opens new window) and Schedule 10 (Opens new window) of Finance Act 2010 increases the sanctions available to HM Revenue & Customs (HMRC) for tackling offshore non-compliance. It sets out a new penalty framework for offshore non-compliance that will apply to Income Tax and Capital Gains Tax.

Building on the new behaviour-based penalty structure, the legislation provides for increased penalties where the non-compliance arises in a jurisdiction which does not automatically share tax information with the UK.

As now, penalties will be calculated by looking at the behaviour of the taxpayer, the degree of disclosure and the amount of tax lost. However, the level of the tax-geared penalty will be determined by the tax transparency of the jurisdiction in which the non-compliance arises. Where a jurisdiction automatically shares information with the UK, the penalties will be at the current level. Where a jurisdiction only exchanges information with HMRC on request, inaccuracies arising offshore will be subject to penalties 1.5 times the existing rate. Where a jurisdiction shares no information with HMRC, penalties will be twice the current rate.

The new calculation method will apply for penalties for inaccuracies (Schedule 24 to Finance Act 2007), penalties for failure to notify (Schedule 41 to Finance Act 2008) and the behaviour-based penalties for failure to file a return (Schedule 55 to Finance Act 2009)

This means that deliberate and concealed failures to report income or gains from the most opaque jurisdictions could be met with penalties of up to 200 per cent of the tax.

The legislation will be brought into effect by Treasury Order. At the March 2010 Budget (see Budget Note 68) it was announced that the new penalty calculation method was expected to apply to tax periods commencing on or after 1 April 2011. Jurisdictions will be allocated to a category by Treasury Order

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Just how much has the investigation cost the tax payer so far?

How much more will it cost us to bring her to trial?

If she is imprisoned how much will it cost the tax payer to keep her there?

I know of an instasnce locally where a bloke didnt declare all his oncome & fraudulently gained around £2100 in benefits he was not entitled to. the council took him to court, he was found guilty & had fines 0f £200 in total to pay.

Yes the council are getting their money back but it cost them £3000 to have him fined £200. where is the financial sense in that~?? i cannot condone what he done but the council have wasted a lot of our money in this case.

BVK

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I was so amazed by the number of people responding that prostitution was illegal! May be they were from other countries?

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Typical Sun article. Just because she was working as a WG, does not mean she accumulated this income through being a hooker. It is hard to imagine how she would other way, as otherwise her income from other jobs/businesses/inheritance will be at least declared (maybe partly only), but neither the less it will be taxable. There is no way she could accumulate that amount of deposit a Swiss bank, without checks where it come from, and subsequently if any taxes was paid on it, depending from the country. Its not prior 1964 anymore, where confidentiality of the holding funds in Swiss and Offshore banks were closed to the bodies of the taxation departments.

Edited by Xenia

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I was so amazed by the number of people responding that prostitution was illegal! May be they were from other countries?

Well they are Sun readers after all... ;)

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Dont give a monkey's what she has in the bank.

NO woman is worth £2,500 a night. Cleb, hooker or whatever.

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I suppose the other 120 people being investigated did boring jobs like investment banking and wouldn't make an interesting news story. Was the the Sun article on the subject accompanied by a picture of a hooker on a street corner? High quality journalism at it's best.

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Well they are there to sell papers, we dont wana hear about a high class surgeon do we!!

I also cant believe she would have got tht much business at 2.5k per night, maybe she inheritated etc.

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Dont give a monkey's what she has in the bank.

NO woman is worth £2,500 a night. Cleb, hooker or whatever.

If you look at the celebrity speaker sites you'll find "talent" such as Anita Dobson (Angie Watts from Eastenders) who charge between £2,500 & £5,000 per engagement.

http://www.loquendi.co.uk/Anita_Dobson.aspx

Edited by Rayjinbull

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This thread is a bit pointless, in my humble opinion. This "story" was in the Sun. What more do we need to know. Grotesquely over simplified and full of it's typically sensational language, designed to keep it's readership incredulous to what is really happening in the world. You've only got to read some of the pathetic comments after the piece to understand the ignorance of many who pay money each day for this propagandaism, nonsensical comic. To actually pay for the "priviledge" of being brainwashed by the powers that be, the thought police whose job it is to keep the masses living with fear and anger so they can be manipulated into doing as they are told. Remember, you are free, free to do what we tell, free to do as we say...

Oh! sorry, went on a bit af a rant there -must pause for breath occasionally. So as you cab see, I'm not keen on the Sun or, for that matter the media in general. It's so hard to find any truth out there.

It's a shame because I know quite a few people who buy the Sun and some of them are nice people.

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If you look at the celebrity speaker sites you'll find "talent" such as Anita Dobson (Angie Watts from Eastenders) who charge between £2,500 & £5,000 per engagement.

http://www.loquendi.co.uk/Anita_Dobson.aspx

Are A-Levels included in that price, or do they cost extra?

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Dont give a monkey's what she has in the bank.

NO woman is worth £2,500 a night. Cleb, hooker or whatever.

They are worth whatever the client is prepared to pay remember. ;)

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