06/29/2018
OECD launches largest source of comparable tax revenue data
“It is a vital foundation for tax policy reform and in supporting efforts to raise domestic resources to fund development”.
Tax
06/28/2018
Hobby or investment?
The taxation of trophy assets
06/27/2018
HMRC Needs To Do More To Stem Tax Avoidance
CIOT also points out that ‘non-compliance’ is the same if tax avoidance or evasion happens on or offshore, which makes punishing expats and offshore taxpayers unfair.
06/26/2018
Double tax-treaties draw Henderson Far East back to London
This is due to ‘the greater number of double tax-treaty agreements between the UK and overseas jurisdictions’ that means companies are only taxed once, not twice.
06/25/2018
ING Belgium accused of helping Russian oligarchs avoid tax
Strawman companies are registered in tax haven companies, but consist of nothing more than a postbox address.
06/25/2018
Not so innocent abroad: taxman targets income from foreign holiday lets
Big new financial penalties loom for people hiding any overseas earningsr
06/21/2018
The auditor of Citi, Credit Suisse and Deutsche Bank was tipped off before regulatory inspection
Court filings: KPMG employees would receive bonuses if their engagements received no comments from inspectors
06/19/2018
Real Madrid's Cristiano Ronaldo agrees €18.8m fine in tax case - sources
The final agreement has still to be signed off on both sides -- and Ronaldo's camp may yet get the prison sentence element removed in exchange for a higher fine.
06/14/2018
HMRC tax evasion cases reach record high
HMRC said it takes any reports of tax evasion extremely seriously and always thoroughly analyses and investigates any information it receives.
06/12/2018
Yanis Varoufakis: Ireland a tax haven ‘free-riding’ on Europe
Former Greek finance minister says Ireland remains deeply divided since crash
06/11/2018
Cristiano Ronaldo tax evasion: settlement reportedly close
El Confidencial says the Real Madrid forward is near to agreeing a deal with the Spanish inland revenue that would ensure he avoids jail time.
06/11/2018
Offshore offence: HMRC’s tax evasion hunt has begun
For those with extensive offshore arrangements, it is particularly important to review these to make sure that they remain compliant.
06/08/2018
Andersen Global expands into Luxembourg
B.A. Tax Accountants provides services in all tax areas, including tax planning, tax structuring, mergers and acquisitions, liquidations, and restructuring.
06/08/2018
Public sector pension funds put millions in tax haven-linked PFIs
Report traces nearly 30% of investments in Scottish schemes to offshore firms
06/08/2018
How tax compliance in Luxembourg is changing
With global accountability the ‘new normal’, it’s more important than ever to understand your tax compliance obligations in Luxembourg.
06/06/2018
$12 trillion ‘phantom’ corporate investment – it’s not just about tax avoidance by George Bull
Using the latest transparency data, a report from the International Monetary Fund estimates that multinational corporations have invested $12 trillion in empty shell companies. On top of that, around $7 trillion of personal wealth is held in tax havens. W
06/06/2018
HMRC tax evasion investigations up by 20%
In 2015, HMRC was looking at 2,972 cases, which increased to 3,216 in2016-17 and 3,809 in 2017-18 – an 18% year-on-year increase.
06/05/2018
Most workers are in favour of higher income taxes - but just for those with big salaries
When asked which assets should be taxed and how often the tax should be due, a majority of the survey respondents favoured taxing land.
06/04/2018
Switzerland set to amend anti-money laundering law
The Swiss Federal Council has now initiated the consultation process for amendments to the country's anti-money laundering law.
06/04/2018
$12 trillion of ‘phantom investment’ disappears into corporate shells
Around $2.5 trillion of FDI flows around the world each year, and the OECD estimates there is a total outstanding stock of around $31 trillion of such investment.