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Private client review for June

In this article, the June monthly update review for Tax Journal, Edward Reed and Mark Stichbury look at a number of private client developments.

Rising property prices mean more homeowners will be trapped in the 'inheritance tax web': Would you be affected?

Tilney, the financial planning firm, has issued a stark warning about IHT - saying rising property prices, along with the buoyancy of the stock market, could draw more people into the 'inheritance tax web'.

MALTA: Bargaining over global tax enters key stage

The proposal will then be taken up by the G20 club of wealthy and emerging countries at a meeting of finance ministers in Italy on July 9 and 10.

Germany: MOF publishes draft decree on tax treatment of virtual currencies and tokens

The draft decree provides some initial insights on how the tax authorities consider transactions involving virtual currencies and tokens.

Surge in workers unwittingly put into ‘tax avoidance’ arrangements

Supply teachers and agency nurses among those put into umbrella company schemes

New era of tax won’t end Ireland’s winning streak

Corporate tax changes will impact Ireland but they won’t change underlying dynamic

The Office of Tax Simplification publishes second report on simplifying Capital Gains Tax

The OTS has suggested significant CGT reforms across a wide range of areas, including moving home, getting divorced, and running or investing in a business

Germany buys Dubai data to track possible tax evasion

Der Spiegel Magazine first reported the purchase of a CD containing details of assets in Dubai

What could Gary Lineker's IR35 court case mean for contractors?

Explain steps to take when setting up contractual agreements

Bahamas Responds to G7 tax proposal

The Bahamas reasserts its sovereign right to determine the tax structure best suited for the ongoing development of the country.

HMRC confirms that donations made by waiving a refund or loan repayment are eligible for Gift Aid

HMRC has now made a further important update to its detailed guidance notes in relation to what it considers a donation, and what types of donation are eligible for Gift Aid.

'Treasure Island' tax havens face a tempest

The world loses out on $427 billion a year due to corporate and personal tax evasion, according to Tax Justice Network estimates.

G7 Pact on Tax – What does it mean?

The proposals aimed to apportion taxing rights more evenly between countries and discourage profit shifting.

British 'Treasure Island' Tax Havens Face a Tempest

As British power collapsed, some of its possessions became self-governing territories that were not part of the United Kingdom but which came under British defence agreements and preserved strong links with London.

Sweden's Billionaire Boom Sparks Pandemic Tax Dilemma

The country’s image of being a “moral superpower” was broken.

UK government to move tax year end date?

Independent body will assess implications of change to 31 March or 31 December

A&M Taxand 2021 Global Guide to M&A Tax

The past year also left the markets wondering whether a trade deal would ever be struck between the UK and the European Commission as the Brexit deadline loomed.

Spain, Gibraltar and UK reach tax residency agreement

To ‘eliminate tax fraud’ and conflicts arising from being resident in both jurisdictions

EU’s push for tax standards could impact on Guernsey

THE European Union may require third countries to sign up to new global tax standards or risk going on blacklists, the European Commission has signalled.

EY Europe revamp has partners worried over Wirecard damage

Group is to centralise power in a new European executive team