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CITY VIEWS: IS THE GOVERNMENT RIGHT TO CLAMP DOWN ON TAX HAVENS?

<strong>RICARDO PINEIRO </strong>ESPIRITO SANTO<br />&ldquo;The people who have access to these accounts are very wealthy, and to allow them to evade taxes is not fair to those paying tax in the UK. Also, it&rsquo;s a messy time for the government with the public debt, so they are trying to get their hands on all the funds they can.&rdquo;<br /><br /><strong>RICHARD BRUCE </strong> SJ BERWIN<br />&ldquo;The clampdown is obviously targeted at the wealthy, but they have already been hit by the 50 per cent top income tax band and the government shouldn&rsquo;t alienate them any further. The government should use money from existing tax revenues more wisely.&rdquo;<br /><br /><strong>JAMES RADMORE </strong>ORIENT CAPITAL<br />&ldquo;Yes, as long as the cost of enforcement does not outweigh the tax revenue the government will be able to reclaim. I don&rsquo;t think we should be worried about alienating top earners too much, as there will always be loopholes in taxation law for them to exploit.&rdquo;