Search Results for: Tax
KPMG claims that UK is one of the most attractictive place to do business from a tax perspective
March 15th, 2016
KPMG: The Home for Business? Assessing the Competitiveness of the UK Thought leadership publication based on market research among tax decision makers in 167 UK and non UK companies. In this year’s study, Ireland retains its place as the most ...
Apple, McDonald’s, Google and IKEA to face EU lawmakers over tax deals
March 15th, 2016
Apple (AAPL.O), Google (GOOGL.O), McDonald’s (MCD.N) and IKEA will be asked about their European tax deals on Wednesday as EU lawmakers ratchet up the pressure on multinationals to pay more tax on their profits locally. The hearing, organized by ...
China Drafts Rules for Tobin Tax on Currency Transactions
March 15th, 2016
Initial rate of levy may be kept at zero, people familiar said The rules still need central government approval, they said China’s central bank has drafted rules for a tax on foreign-exchange transactions that would help curb currency speculation, according ...
Credit Suisse probed in Italy in tax evasion case
March 10th, 2016
Credit Suisse Group (CSGN.S) is under investigation in Italy in connection with a case looking into allegations that the bank helped wealthy clients transfer undeclared funds offshore, Italian judicial sources said on Wednesday. Credit Suisse offices in Milan were ...
Deutsche Bank and UBS lose bonus tax case
March 10th, 2016
The UK Supreme Court has ruled Deutsche Bank and UBS should pay taxes on bonuses paid to their investment bankers. The bonuses were paid to staff via offshore accounts in the form of shares to avoid attracting income tax ...
Agreement on the exchange of tax information
March 9th, 2016
EU economic and financial affairs ministers (Ecofin) meeting today in Brussels reached political agreement on the exchange of tax information. The agreement was announced by Dutch finance minister Jeroen Dijsselbloem at a press conference following the meeting. Anti-tax avoidance ...
HMRC: ‘Persuasive promoters’ lure taxpayers into avoidance schemes
March 2nd, 2016
AN INVESTIGATION into tax avoidance schemes has revealed that people are regularly introduced to avoidance arrangements via family, friends and accountancy firms, despite being aware that they are ‘unusual’ and ‘at the edge of tax law’. The HMRC report attempted to understand ...
UBS investigated for tax fraud and money laundering in Belgium
February 29th, 2016
Swiss bank giant UBS is being investigated over money laundering and serious organised tax fraud in Belgium. A statement from prosecutors said: “The Swiss bank is suspected of having directly, and not via its Belgian subsidiary, approached Belgian clients ...
A Modi Lecture Berating Tax Breaks For Rich Rattles India Funds
February 26th, 2016
In the run-up to India’s annual budget, a speech last month by Prime Minister Narendra Modi has become the focus of this year’s market chatter, unsettling some investors. Many local mutual funds, who bought record Indian stocks in 2015 ...
Google £130m UK Tax Deal ‘Small’ Say MPs
February 25th, 2016
An influential committee of MPs is the latest to line up and criticise the settlement between the taxman and Google. MPs have declared that Google’s controversial £130m tax deal with the UK “seems disproportionately small”, and called for the ...
