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.
Tax
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.
06/07/2019
Implementation of tax transparency initiative delivering concrete and impressive results
Voluntary disclosure of offshore accounts, financial assets and income in the run-up to full implementation of the AEOI initiative resulted in more than EUR 95 billion in additional revenue (tax, interest and penalties) for OECD and G20 countries over the
06/06/2019
AIM and IHT: how investing in this market can ease a tax bill
Investing in AIM stocks is one way of mitigating inheritance tax. James Rae of Charles Stanley offers a basic guide to how AIM and IHT planning works
06/04/2019
British territories help multinational firms dodge billions in tax each year – report
The Bahamas is in ninth place, despite recent international tax compliance efforts.
06/04/2019
The wealthy businessman who paid just £35.20 in tax
It has my signature on it but what I can say is that no such meeting ever took place
06/03/2019
Wealthy families dominate use of UK inheritance tax breaks
Relief on transfer of business and farm assets allows rich to slash tax bills
06/03/2019
KPMG hosts City of London Police at Financial Crime Investigation Unit Stakeholder Forum
The City of London Police walked delegates through Operation Shaniko
06/03/2019
Calls for tax breaks to be capped for wealthy
Tax Justice UK’s new research finds the government is handing out up to £666 million a year in inheritance tax reliefs on land and business property to families who are already well off.
05/31/2019
Tax-efficient EIS companies take in £2bn despite clampdown
HMRC rule change on low-risk schemes sees drop in funding for first-time applicants
05/31/2019
UK Tables Regulations For Offshore Intangibles Measure
This means that the measure will only apply to low-tax jurisdictions with which the UK does not have a full tax treaty