07/22/2016
Negotiations to amend Cyprus-India double tax agreement concluded
With taxation rights over gains on the disposal of such shares at any future date remaining solely with the state of residence of the seller.
Tax
07/22/2016
HMRC explores tougher methods for publicising tax fraud by the wealthy
Public Accounts committee criticised HMRC's lack of strategy
07/22/2016
Consultant launches international tax advisory service
It has invested significant funds in hiring a US tax team to complement its existing UK operation.
07/20/2016
OECD secretariat reviews the functioning of the Italian tax administration
The collection of tax debt needs to be modernised, building on the positive results achieved since the function was brought into the public sphere.
07/20/2016
Transparency is not a one way street by Andrew Hubbard
Dispute resolution with HMRC has changed out of all recognition since the controversy over the “sweetheart” deals with Vodafone and Goldman Sachs. The latest annual report shows that while the process is a lot more rigorous, there are still a
07/19/2016
Scotland's biggest airports - Edinburgh, Glasgow and Aberdeen - are owned in tax havens
Official filings show that the capital’s hub – the main gateway for visitors to Scotland – is ultimately in the hands of an off-the-shelf company registered in the Cayman Islands.
07/19/2016
Whyte & Mackay Slammed For Paying Just £172K In Taxes
Whisky giants Whyte & Mackay have come in for criticism for paying just £172,000 in taxes despite recording profits of over £24million.
07/18/2016
Fears grow over Scottish firms used for money-laundering in former Soviet Union
News of certificates of good standing being sold in the ex-USSR came shortly after MPs warned that Britain's property market was being used to launder billions of pounds.
07/15/2016
Government Weakness Has Allowed Tax Dodging To Flourish
“It’s not just about clever companies,” O’Sullivan stressed. “Somebody has to create the tax haven for profits to be shifted in to, and many governments are willing to do that.”
07/14/2016
UK withholding tax on interest paid to non-UK residents - Withers
The current basic rate of income tax in the UK is 20%. Whilst there are various circumstances to which deduction of income tax at source is relevant, the specific purpose of this article is to describe the position that applies when UK source interest is
07/14/2016
Hammond called on to suspend stamp duty for purchases under £500k
Rachael Griffin, financial planning expert at Old Mutual Wealth, said should a move take place it could provide much needed stimulus to the market following the uncertainty caused by the EU referendum.
07/13/2016
How could Brexit affect employee assignments abroad?
Following the EU referendum, there is considerable uncertainty surrounding how Brexit will impact employers and employees in the globally mobile workspace. Whilst nothing is certain, there are a number of tax issues to consider for UK employers who are ei
07/13/2016
Tax planning - Belgians declared 1,580 offshore companies in 2015
Since 2014, Belgian taxpayers have had to mention the use of offshore companies in their tax return.
07/11/2016
It’s time to get tough with the big boys
Lately things have changed, especially regarding his notion that tax should be compulsory.
07/07/2016
French Government Offering Tax Incentives to Grab UK Banking Business
France’s financial sector has often complained of government ambivalence towards the industry, which is subject to high taxes and sometimes hostile remarks from politicians.
07/07/2016
EU-Backed Financial Schemes Largely Unsuccessful, Says Accounting Watchdog
EU-backed loans, guarantees and equity investments are expensive and have a poor record of triggering private investment, says a new report from the EU’s accounting watchdog.
07/07/2016
Ukrainian government again proposes to ratify changes to tax convention with Cyprus
The minister also said that the agreement envisages a compromise in dividend taxation.
07/06/2016
The New Double Tax Agreement Between Cyprus And Latvia
The key features of the DTA are as follows.
07/06/2016
EU Seeks to Fill Tax-Avoidance Gaps in Wake of Panama Leaks
The European Commission, alongside governments, is screening a draft list of countries.
07/06/2016
UBS- Request For International Administrative Assistance In Tax Matters
UBS has largely completed a compliance program with clients based in Europe, including France. The bank was among the first in the industry to take this step requiring documentation of tax disclosure by its clients.