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Sumo
NotThamesWater
Like you I have a few questions coming from a similar angle - to understand not to condone.
Illegal money laundering and embezzlement aside if I earned then saved £100 in UK I would pay tax via my savings account. If instead I put it off shore in Panama I would be avoiding the tax I pay on my savings in my savings account. Is that actually illegal?
Clearly for my £100 it's not worth doing but how much do you have to have offshore for it to be worth it?
Or is it people are moving the money from source before any tax whatsoever is paid in the UK? I.e. my local chippy taking my £3.50 for large chips and mushy peas and sticking it in an envelope and sending it to Panama?
I think what I'm trying tosay is I haven't a fucking clue.