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Tax Regulation In The GCC

The main objectives for the formation of GCC countries are for the common currency, common market and customs union which was set forth by the GCC supreme council.

Weekly Tax Brief

In this edition of RSM’s weekly round-up of the most important tax news

Taxman's fraud probe into accountancy firm with festival link: Are investors set to see millions go pop?

Under the scheme, investors can put up to £2 million into fledgling firms – which must typically be no more than seven years old, worth less than £15 million and have fewer than 250 staff – in exchange for a 30 per cent tax break.

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

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).

Italy: New tax regime for inbound pensioners

The main goal of the new tax regime is to attract foreign capital to Italy

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.

KPMG appoints a Director in Tax Services

She is also actively involved in the automatic exchange of information service offering of the firm.

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

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.

Andersen Name Grows in Poland

KSP Legal and Tax Advice to Adopt Andersen Tax & Legal Name

More accountability for directors will rebuild trust in auditing

From Bruce Cartwright, Chief Executive, Institute of Chartered Accountants of Scotland

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.

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.

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.

Tax