any real secure banks? 23 September 2022 at 11:47AM in Budgeting & bank accounts 13 replies 711 views

Daliah

It looks like trying to outfox the tax authorities is becoming harder as we speak

Chino

Ebe_Scrooge said:

OP, assuming you're a UK resident, you really don't want to be messing around with the likes of HMRC for instance.  It may take them a while to uncover and investigate fraud - but they're a tenacious bunch, and when they do finally catch up with you, the ramifications can be pretty serious.

You appear to be unaware that any "ramifications" depend upon the amount of tax owed.

The greater the tax owed, the less tenacious HMRC will be to recover it and the less serious any "ramifications" will be. Although HMRC doesn't appreciate such deals becoming public knowledge:
https://www.theguardian.com/politics/2013/apr/29/hmrc-goldman-sachs-tax-osita-mba

So maybe there can be serious ramifications, just not for the party owing the tax.

Chrysalis

Governments want to track money so restrictions are imposed.

The likes of Ebay also been leaned on to force payments into banks instead of PayPal now for similar reasons.

Credit cards have also been added to this type of stuff as well, not so strict, but there is tracking now.