The BBC just reported a story regarding a 'tycoon' who did not file UK taxes for more than 20 years in UK residence and yet was not prosecuted when his offshore accounts were discovered (see link). This is why I believe: That tax havens should be threatened with nuclear weapons if they are not forthcoming with information about large offshore accounts. OK, OK. Maybe not nuclear weapons, but they should be economically and diplomatically boycotted. That taxing income, rather than wealth or lifestyle, will always lend itself to loopholes that allow greedy rich people to avoid paying their fair share. That the only thing that trickles down in our current system is criminality from the top. That there is one law for the rich, and one for the rest of us. The IRS once went after my father because he was too demented to submit his tax return on time (admittedly the IRS is not a UK agency, but I'm sure that there are plenty of similar stories about average people in the UK). Remember this the next time you vote.