Search Results for: tax
US Taxpayers Warn Against Myopic Tax Reform Measures
July 10th, 2014
On July 8, the Taxpayers Protection Alliance (TPA) led a coalition of 13 organizations in sending a letter to the Chairmen and Ranking Members of the House of Representatives Ways and Means Committee and the Senate Finance Committee urging ...
Juncker faces dilemma over EU tax probe into Grand Duchy
July 9th, 2014
Foot-dragging by Luxembourg over an EU probe into questionable tax deals for multinational corporations has created a potential conflict of interest for the Grand Duchy’s former premier who is set to head the EU’s executive branch. Jean-Claude Juncker, whose ...
In Deal to Cut Corporate Taxes, Shareholders Pay the Price
July 9th, 2014
Medtronic is pursuing a deal to move abroad and save taxes. But few have noticed that the company’s shareholders will be the ones left with a big tax bill as a result. Oddly, some of Medtronic’s largest shareholders — ...
Swiss banks threaten freeze on US accounts over tax evasion
July 8th, 2014
Several Swiss banks have threatened to freeze American clients’ accounts unless they prove they are, or take steps to become, tax compliant, as the country’s lenders hurry to resolve a tax evasion dispute with the US. The moves – ...
Germany Proposes a Road Tax Aimed Primarily at Foreigners
July 8th, 2014
The German government announced plans on Monday to charge a road-use fee on all cars using roads and highways in Germany, a measure aimed at the foreign-registered cars that make an estimated 170 million trips to and through the ...
More U.S. companies doing deals to avoid U.S. taxes: Congress study
July 8th, 2014
Seventy-six U.S. corporations have shifted their tax domiciles out of the United States to other countries since 1983 to avoid U.S. taxes, with a sharp increase recently in such deals, a policy research arm of Congress said on Monday. ...
U.K. Stocks, Power-Tax Rebates, Bonus Remarks: Compliance
July 7th, 2014
Britain’s markets regulator should investigate whether the closing prices of stocks are being manipulated, according to lawmakers. Conservative Mark Garnier pressed for the investigation by the Financial Conduct Authority at a July 3 hearing of the Treasury Committee in ...
New regulation of financial advisers providing tax advice in Australia
July 3rd, 2014
From 1 July 2014, the Tax Practitioners Board (TPB) regulates financial advisers who provide tax (financial) advice services under the Tax Agent Services Act 2009 (Cth) (TASA). Until now, financial advisers have been exempt from the TASA regime. Financial ...
US Foreign Account Tax Compliance Act Takes Force
July 3rd, 2014
In what the United States Administration has called an “effort to crack down on tax evasion and reduce the tax gap,” the Foreign Account Tax Compliance Act came into effect on July 1. Enacted in March 2010, FATCA adds ...
Deloitte warns platforms of EU tax nightmare
July 1st, 2014
Incoming European tax legislation could cause a headache for UK platforms with non-UK citizen clients, who would be liable to pay VAT on providers’ services, consultants Deloitte has warned. Daniel Lyons, partner at Deloitte, said platforms could fall under ...
