Tax avoidance

Former Jersey finance worker 'spied for French MI6'

BBC Radio Jersey

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An-ex finance worker in Jersey has claimed in a book he was a secret agent for the French equivalent of MI6.

The former fund administrator wrote that he volunteered as a spy to expose a rogue world - with systems set up to escape tax - which he described as like Russian dolls.

Maxime Renahy, 40, worked for Mourant International Finance Administration in Jersey for three years from 2007. State Street bank later bought the company.

The States of Jersey said it would not comment on the book's "unverified claims".

Row grows over 'loan charge' suicide

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The UK tax authority has reported the suicide of an individual facing a new "loan charge" to its complaints body for the first time, The FT reports today.

HMRC reported the incident to the Independent Office for Police Conduct, which investigates serious complaints involving the tax body.

From Friday at least 50,000 people who avoided NI and income tax by using schemes that paid them mostly in loans - described as "disguised remuneration" by HMRC - face the loan charge.

Mel Stride, financial secretary to the Treasury, told the paper, that he was "deeply upset and disturbed" by the death reported.

But he dismissed claims the charge was unfair or would lead to bankruptcies.

BBC catches rogue traders selling black-market receipts
Traders filmed in a BBC investigation admitted selling up to £20,000 of receipts that could be used to cheat UK taxes.