Search Results for: tax
FRC calls for transparent disclosure of tax risks in corporate reports
December 1st, 2015
The Financial Reporting Council (FRC) will conduct a thematic review of companies’ tax reporting to encourage more transparent recording of the relationship between the tax charges and accounting profit. The required disclosures are key to helping users understand the ...
EU Parliament Calls For ‘Corporate Tax Makeover’
November 30th, 2015
Members of the European Parliament have called on European Union (EU) member states to agree on mandatory country-by-country reporting for multinationals, a common consolidated corporate tax base (CCCTB), common definitions for tax terms, and more transparency on national tax ...
Deutsche Bank’s Swiss Unit to Pay $31 Million in Tax Case
November 27th, 2015
U.S. has reached non-prosecution deals with 57 Swiss banks Firms have paid a total of $570.4 million in tax accords Deutsche Bank AG’s Swiss unit agreed to pay $31 million to receive a non-prosecution agreement in a U.S. probe ...
Four senior KPMG partners arrested in HMRC tax evasion inquiry
November 27th, 2015
Accountancy firm places most senior staff in Northern Ireland on administrative leave pending tax evasion inquiry Four senior executives from the Belfast office of accountancy firm KPMG have been arrested in Belfast on alleged tax evasion charges. The four partners were ...
Israel joins international efforts to boost transparency and end tax evasion
November 26th, 2015
Israel signed today the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, making it the 91st jurisdiction to join the world’s leading instrument for boosting transparency and combating offshore tax evasion. The Convention provides for all forms of ...
Germany gives Greece names of 10,000 citizens suspected of dodging taxes
November 26th, 2015
Inventory includes accounts invested in Swiss banks worth €3.6bn as Alexis Tsipras pledges to tackle tax dodging to pull country out of economic meltdown Germany has handed Athens the names of more than 10,000 of its citizens suspected of ...
German prosecutors launch tax evasion probe at Volkswagen
November 25th, 2015
German prosecutors have launched an investigation into suspected tax evasion in connection with cheating on emissions tests by Volkswagen (VOWG_p.DE), adding to the intense scrutiny of Europe’s biggest carmaker. The investigation focuses on five Volkswagen employees, a spokesman for ...
HMRC collects £3.5bn from investigations into big businesses’ underpaid corporation tax
November 23rd, 2015
HMRC collected an extra £3.5bn in corporate tax from challenging businesses on their payments in the last tax year, according to figures from Pinsent Masons. The £3.5bn came from investigations into underpaid corporation tax carried out by HMRC’s Large Business ...
G20 leaders endorse OECD measures to crack down on tax loopholes
November 19th, 2015
G20 leaders endorse OECD measures to crack down on tax loopholes, reaffirm its role in ensuring strong, sustainable and inclusive growth The leaders of the world’s 20 largest economies today endorsed overhauled global standards to crack down on tax ...
Tax transparency and reform leave nowhere to hide for tax functions of the future on data demands
November 19th, 2015
Employees in tax functions need to fundamentally change the way they use and gather data if they are to meet the growing demands on business of tax transparency, reform and technology enabled decision making. PwC’s latest research into the ...
