05/16/2019
No Safe Havens 2019
HMRC’s strategy for offshore tax compliance.
Tax
05/16/2019
HMRC toughens position on use of offshore trusts to avoid tax
HMRC is cracking down on the use of disguised remuneration and contractor loans after winning two tax avoidance cases at the tax tribunal over use of offshore trusts to avoid tax and NICs
05/16/2019
Tax office launches probes into offshore tax evasion
Offshore tax evasion has been on the rise in recent years
05/15/2019
International Client - A round-up of the tax issues affecting international clients
Our article looks at the economic substance requirements.
05/13/2019
Labor's Cayman Islands adventure ignites the base, but business is worried
This time, the shadow treasurer's target was tax havens.
05/10/2019
TMF Group named a ‘Major Contender’ in finance and accounting outsourcing
Finance and accounting are key to international expansion, and bookkeeping, reporting and associated areas can vary widely from jurisdiction to jurisdiction.
05/09/2019
No tax shelter for Brookfield's Multiplex Group
Financial accounts filed with ASIC for Multiplex Pty Ltd report that the construction group paid income tax totalling $26 million for the year ending December 31, 2018 on a profit before tax of $72 million.
05/08/2019
'Grand Theft Europe' — tax fraudsters reportedly stealing millions from governments
The "VAT carousel" rackets enable criminal gangs to steal millions from the state.
05/07/2019
Middle class can no longer pay the costs of tax avoidance, says SDP
It is in Finland’s interest that the EU makes a majority decision to combat harmful tax competition and aggressive tax planning.
05/03/2019
Shareholders snub UBS leadership over French tax conviction
A French court in February found UBS guilty of illegally soliciting clients and laundering the proceeds of tax evasion, ordering it to pay 4.5 billion euros ($5.1 billion) in penalties.
05/03/2019
IRS office and field audit priority areas
In mail audits, the IRS has a 90% change rate- meaning many taxpayers owe as a result of IRS audit selection process.
05/02/2019
Why substance matters by Rachel de Souza
The change applies to certain tax debts paid by employees and customers
05/02/2019
Does the tax system favour big businesses over the interests of SMEs?
Most small and medium business owners are responsible and do their level best to follow the rules, but this snapshot reveals a deeply-held perception among SMEs that our tax system is fundamentally unfair and slanted towards the interests of big business.
05/02/2019
More than 500 properties in Croydon owned by tax haven companies
Of these, 575 are owned by companies based in so-called secrecy jurisdictions, or tax havens – countries whose laws allow them to keep their financial activities private or to pay a low amount of tax.
05/01/2019
Moore Stephens Jersey retains STEP Platinum Employment Partner accreditation
Employers must evidence a range of standards including a strong learning culture championed from the very top of the organisation
04/26/2019
Ireland is a tax haven — and that’s becoming controversial at home
For a long time, Ireland has used taxes to aggressively attract incoming investment. Now this strategy is being questioned.
04/26/2019
VAT update: China confirms rate cuts and OECD sets out proposals for online selling
South African legislation which came into effect on 1 April 2019 is likely to have a major impact on foreign companies supplying electronic services to South African consumers and businesses.
04/23/2019
Hafeez Sheikh disallows PTI’s tax amnesty scheme
It is unclear if Sheikh has formally joined PTI or not but it is very clear that he has rejected the design of the proposed tax amnesty scheme.
04/23/2019
CRA steps up the fight
The Canada Revenue Agency has increased its enforcement on many fronts
04/23/2019
If you are a resident Indian, you need to report all foreign assets in your ITR
Residential status in India is determined based on one’s physical presence in India in the current financial year and the preceding 10 FYs