11/03/2015
The amount of tax lost to potential avoidance and evasion that should have been collected through pay as you earn (PAYE) and self-assessment has increased by almost 10% in a year, according to the latest figures from HM Revenue and Customs (HMRC).
11/02/2015
The event was held in conjunction with a meeting of the OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes that was also hosted in Barbados.
11/02/2015
The tax rate for capital gains is currently lower than that for most ordinary income, as it is a direct tax on savings and investment.
11/01/2015
The imminent shift to the automatic exchange of information will send a strong warning to tax evaders.
11/01/2015
Inniss has sought to assure Barbadians that far from being an attempt at witch-hunting, the law has benefits for the country.
10/30/2015
It is the 37th treaty signed between Barbados and another territory while Barbados became the 74th country to sign an agreement with Slovakia.
10/30/2015
But it’s worth working through whether investing in hedge funds in tax havens is both legal and ethical.
10/30/2015
£45m UK aid cash given to tax haven
UK paid out £45m to 13 countries on tax haven 'blacklist' in just one year
10/30/2015
The ideas in this densely packed but enlightening film can be challenging, but must be heard.
10/29/2015
The IRS says it is now swapping taxpayer data reciprocally with other countries.
10/27/2015
The States of Guernsey has recently announced proposed amendments to the Income Tax Legislation that will be discussed at the States meeting starting on 25 November 2015.
10/27/2015
Much of the gap will relate to avoidance and evasion.
10/25/2015
Sunlight on tax havens
This figure has important consequences, as it represents money that should be in the tax base.
10/22/2015
The insurance industry offers a good example of how this tax can have unintended consequences.
10/22/2015
Dozens of firms have been spilling their secrets to the Justice Department about how they encouraged U.S. clients to hide money abroad
10/22/2015
Yet the Netherlands is on pace to maintain its attractiveness as a tax-friendly address for multinationals, said several tax advisers to big companies.
10/21/2015
On 4 August 2014 HMRC changed their practice with regard to loans taken out using previously unremitted foreign income and gains as collateral, where the loan proceeds were remitted to the UK.
10/21/2015
More than 54,000 taxpayers have come forward to disclose previously undeclared offshore accounts to the IRS to take advantage of reduced penalties and fines.
10/21/2015
Tax evasion needs to be investigated and, where proven, punished.
10/21/2015
The UK’s new legislation on country-by-country reporting will initially be a compliance burden for multinationals, but tax authorities will also have to raise their game to ensure that the correct amount of tax – and no more – is collect