I’m still flummoxed on all of this.
Business was a Romanian microcap
They used Stripe/other and deposited into their UK personal account / crypto account.
Tax evasion happened in Romania - not the UK, the UK argues because they are British and used their personal accounts and didn’t declare it in Romania it is therefore tax evasion in the UK, which is utterly ridiculous
1) using personal accounts for commercial uses although advised against isn’t illegal and as long as accountable is acceptable - I.e don’t co-mingle personal and commercial expenditure or funds.
2) crypto accounts for commercial entities in the era they were charged︀ didn’t exist
3) just because they didn’t file accounts accounting for these sums doesn’t give︁ the UK jurisdiction, Romania has the right to peruse for tax evasion.
Where I see︂ they fucked up.
1) should have established a offshore entity (Seychelles etc)
2) should have︃ hired a nominee director or local director
3) should have established themselves in a territorial︄ tax based nation.
4) in that era they could have opted for nonCRS nations easily.︅
5) commercial or personal accounts wouldn’t make a difference.
They fucked up by thinking Romania︆ was corrupt (it is) - in that era the banks also were very loose… -︇ they created a target for themselves in the UK unrelated to their businesses but being︈ brazen in their attitude and going against the system/establishment.
They were in the US but︉ that’s only a reprieve they still need to return to Romania and a great deal︊ of their assets if they can’t liquidated will be forfeited - their assets can’t simply︋ be shielded by transferring as they are red-hot.
The UK won’t back down as they︌ want them silenced like that Tommy Robinson lad.
One thing/area that has surprised me is︍ how the UK haven’t already revoked their citizenship - they’ve done it for less to︎ less noisy people - also does the UK have the right to reject passport renewals️ of non residents for tax matters - as that’s another area they could hit them.
Business was a Romanian microcap
They used Stripe/other and deposited into their UK personal account / crypto account.
Tax evasion happened in Romania - not the UK, the UK argues because they are British and used their personal accounts and didn’t declare it in Romania it is therefore tax evasion in the UK, which is utterly ridiculous
1) using personal accounts for commercial uses although advised against isn’t illegal and as long as accountable is acceptable - I.e don’t co-mingle personal and commercial expenditure or funds.
2) crypto accounts for commercial entities in the era they were charged︀ didn’t exist
3) just because they didn’t file accounts accounting for these sums doesn’t give︁ the UK jurisdiction, Romania has the right to peruse for tax evasion.
Where I see︂ they fucked up.
1) should have established a offshore entity (Seychelles etc)
2) should have︃ hired a nominee director or local director
3) should have established themselves in a territorial︄ tax based nation.
4) in that era they could have opted for nonCRS nations easily.︅
5) commercial or personal accounts wouldn’t make a difference.
They fucked up by thinking Romania︆ was corrupt (it is) - in that era the banks also were very loose… -︇ they created a target for themselves in the UK unrelated to their businesses but being︈ brazen in their attitude and going against the system/establishment.
They were in the US but︉ that’s only a reprieve they still need to return to Romania and a great deal︊ of their assets if they can’t liquidated will be forfeited - their assets can’t simply︋ be shielded by transferring as they are red-hot.
The UK won’t back down as they︌ want them silenced like that Tommy Robinson lad.
One thing/area that has surprised me is︍ how the UK haven’t already revoked their citizenship - they’ve done it for less to︎ less noisy people - also does the UK have the right to reject passport renewals️ of non residents for tax matters - as that’s another area they could hit them.
