On average, EU member states have put in place treaties that give their tax authorities power to retrieve some information in respect of 82 per cent of the financial secrecy services facing their countries, according to the Tax Justice Network’s res
With Grant Thornton no longer vying for contracts amid the 100 companies listed on the London Stock Exchange with the highest market capitalisation, the gang of four seem set to further increase that share.
The amount of extra tax collected by HM Revenue and Customs (HMRC) following investigations by its specialist fraud team increased by £300 million last year, primarily driven by an increase in civil investigations.
Speaking at a Norwegian Agency for Development Co-operation (NORAD) Policy Forum, Mr. Saint-Amans said, "I am delighted we are stepping up our partnership with Norway."
The UK is an attractive destination for many high net worth and ultra-high net worth individuals due to the availability of high quality education, its healthcare infrastructure, culture and quality of life.
The report says the financial outlook will also be shaped by China’s ability to manage risks relating to high indebtedness and leverage in its banking, shadow banking and wealth management industries.