06/28/2019
Revealed: HMRC missed out on collecting £35bn in tax in 2018, up £2bn on the year before
It is the difference between what HMRC feels it should be paid and what it gets
Tax
06/28/2019
Pakistan money in Swiss banks dwindling for last three years
The report added, for the first time in four years, India has surpassed Pakistan which accounts for over CHF572 million (Rs95 billion).
06/28/2019
Italy: New tax regime for inbound pensioners
The main goal of the new tax regime is to attract foreign capital to Italy
06/26/2019
More overseas landlords admit tax avoidance
HMRC has been targeting suspected tax avoiders with threatening letters alongside launching a ‘Let Property Campaign’, aimed to encourage landlords to voluntarily disclose that they had not paid the full amount.
06/25/2019
KPMG appoints a Director in Tax Services
She is also actively involved in the automatic exchange of information service offering of the firm.
06/24/2019
Billions are being lost due to tax avoidance
By leaving out large and important areas of tax avoidance, the government is able to claim the UK has one of the lowest tax gaps in the world. The claim is laughable
06/23/2019
Revenue set to double number of super-rich facing tax probe
It comes following recommendations from the Comptroller and Auditor General to reduce the threshold.
06/19/2019
Andersen Name Grows in Poland
KSP Legal and Tax Advice to Adopt Andersen Tax & Legal Name
06/18/2019
More accountability for directors will rebuild trust in auditing
From Bruce Cartwright, Chief Executive, Institute of Chartered Accountants of Scotland
06/17/2019
Global tax regime aims to take a byte out of Ireland's status as tech hub
For Ireland, a competitive tax rate is the key to attracting foreign direct investment.
06/17/2019
HMRC defeated as Jersey companies deemed not UK-resident
Under this scheme, the SPVs holding the assets would grant call options to the Jersey companies at a significantly over-valued price.
06/14/2019
BFH clarifies taxation of carried interest from certain fund structures
The decision also clarifies that this treatment applies not only to fund structures that generate business income based on their activities, but also to fund structures that generate business income based on the legal features of the relevant structure.
06/13/2019
Taxman may cut definition of high wealth by €30m
The Dáil public accounts committee has also recommended a lowering of the threshold for high earners monitored by the unit.
06/13/2019
One in three self-assessment taxpayers under-pay, costing Treasury £8 billion a year
Dr Advani’s report argues that it is important to distinguish between small errors made in good faith and large, deliberate underpayments.
06/13/2019
Millionaire’s Plan to Cut Danish Taxes Lies in Tatters
The swing to a government pledging more taxation, not less, adds fuel to the debate about democratic socialism versus unfettered capitalism
06/12/2019
Ex-tax inspector offers advice on offshore schemes
A website registered to a Cypriot domain was taken down after the scheme was uncovered
06/12/2019
Portugal’s stamp duty implications on the liquidation of trusts
Portuguese law, as a rule, does not provide for the settlement of trusts, with the exception of offshore trusts in the Madeira Free Trade Zone.
06/07/2019
Andersen Global Expands in Hamburg
Kolaschnik Partner will join Andersen Tax & Legal in Germany
06/07/2019
VAT update: recovery procedure in the UAE and 2020 SAF-T confirmed in Norway
Need to catch up on what’s happening in the world of VAT and wider tax updates? Here’s a summary from our global tax team.
06/07/2019
Shakira appears solemn as she pleads innocent in tax evasion case
‘Shakira has always, including in the period between 2011 and 2014, met her tax obligations in every country she has worked in,’ the statement read.