11/07/2018
Budget 2018 – Key highlights for international clients
We have pulled out a few of the key highlights for our international clients and their advisors, along with a recap of some of the major changes coming up in 2019 and 2020.
Tax
11/07/2018
EU tax haven blacklist drops to five as Namibia removed
The EU wants the BVI to show it has economic substance by ensuring the taxes it collects within the financial services sector were generated through real economic activity in the territory.
11/06/2018
EU plan to tax Facebook, Amazon heads for Brussels showdown
Spearheaded by France, the plan has met resistance from countries such as Ireland and Sweden, which question the wisdom of the EU going it alone given the global nature of digital services.
11/06/2018
Incoming Barclays chairman called out on tax avoidance
Higgins invested in two film tax schemes whilst being an investment banker at Rothschild & Co.
11/06/2018
UK hikes ‘death taxes’ with new probate system
Parliamentary Under Secretary of State for Justice Lucy Frazer QC MP, provided an update on probate fees today
11/05/2018
Crown dependencies to comply with EU tax regulation
Guernsey and Isle of Man join Jersey to avoid EU tax haven blacklist
11/05/2018
‘Staggering’ case of banker tax fraud has Danes pointing fingers
Someone should have raised a red flag
11/02/2018
HMRC apologises for delay in correcting death benefits tax
HM Revenue and Customs has finally corrected the issue in its reporting system, which was causing beneficiaries to be incorrectly taxed on their death benefits.
10/30/2018
U.K. Government Refreshes Its Crackdown on Offshore Tax Evasion
In addition, the Panama Papers cited almost 2,000 U.K.-based intermediaries that helped individuals or entities to evade tax.
10/30/2018
Tech giants to face digital services tax
The Budget has announced a Digital Services Tax.
10/30/2018
Government to crackdown on tax avoidance
The package will raise £2.1 billion by 2023/24.
10/29/2018
We don’t want billionaires’ charity. We want them to pay their taxes
Rather than philanthropy, the super-wealthy should give their money to governments that know better how to spend it
10/26/2018
Draft regulation addresses requirements under new “horizontal monitoring” procedure
Horizontal monitoring involves ongoing communications with the tax authorities to discuss and resolve issues in lieu of a standard tax audit, thus giving taxpayers more certainty.
10/25/2018
HMRC wins £79m tax avoidance case against Goldman Sachs
Her Majesty’s Revenue & Customs objected the structure, and has now issued a £79m bill following a Court of Appeal ruling this month.
10/24/2018
HMRC expands football tax probe
Total of 171 players, 44 clubs and 31 agents under investigation for suspicious tax activity relating to image rights
10/23/2018
Grant Thornton Warns of Taxing Times for Business Owners
Our experience proves that addressing tax valuation and tax-related issues in the correct way can be key to achieving your aims and objectives.
10/22/2018
Football crackdown nets £330m for HMRC
UK tax authority probe leads to inquiries into 171 players
10/22/2018
Reports Find Bank Tax Fraud Cost Europe $63 Billion
The reporting, coordinated by a German nonprofit newsroom called Correctiv, was based on leaked and confidential documents and an undercover operation by Correctiv journalists posing as billionaires keen to profit from the share-trading scheme.
10/22/2018
Spain’s government approves new tax on large internet companies
The plans will also include a 3 per cent tax on online advertising, sales of user data and online platforms, in what the government hopes will raise €1.2 billion in tax revenue next year.
10/22/2018
World’s Biggest Banks Helped Clients Steal $63 Billion in Taxes in Europe
Dubbed the Cumex Files, the investigation reviewed 180,000 secret documents from banks, stock traders and law firms over a period of more than a year.