Search Results for: Tax
Swiss Private Bank BSI SA Admits Aiding U.S. Tax Cheats, Will Pay $211 Million
March 31st, 2015
In a deal with U.S. prosecutors, Swiss private bank BSI SA agreed today to pay a $211 million penalty and hand over leads on more than 3,000 accounts with U.S. ties, as well as the actual names of an ...
ICAEW: No disciplinaries yet against tax avoidance advisers
March 30th, 2015
The ICAEW has yet to discipline any members for advising clients on aggressive tax avoidance schemes, despite setting a strong stance against such behaviour three years ago, the institute has confirmed toAccountancy Age. In 2012, the ICAEW announced members advising on ...
Should Individual Tax Returns Be Public Information?
March 30th, 2015
My guess is that if you asked Americans if their income taxes should be public information, the answers would mostly run the spectrum from “absolutely not” to “hell, no.” But the idea that tax returns should be confidential and ...
UK Offshore Tax Disclosures – Use The LDF while you can [Update]
March 24th, 2015
Tax authorities around the globe are increasingly working together to fight tax evasion and aggressive tax avoidance to collect more tax. In the UK, HMRC is geared up to take full advantage: anyone who needs to put UK tax ...
China to reap Alibaba windfall as tightens up on tax
March 23rd, 2015
China could make billions of dollars from taxing gains made by employees of e-commerce giant Alibaba Group BABA.N who are free to sell their shares for the first time since its IPO, as the country tightens up its leaky ...
Switzerland, EU to tackle tax evasion
March 20th, 2015
Bern and Brussels have clinched a deal to exchange bank account data in an effort to tackle tax fraud. The agreement comes after a recent report exposed the global economic damage caused by offshore accounts. Switzerland and the European ...
Austria Announces Substantial Income Tax Reforms
March 19th, 2015
Austria has announced proposals to provide personal income tax cuts worth EUR5bn (USD5.3bn) to lower income earners. The new tax package, which aims to boost economic growth by reducing the lowest income tax rate from 36.5 to 25 percent, ...
UK plans criminal penalties for tax advisers who assist evasion
March 19th, 2015
Lawyers and other tax advisers who aid clients evade tax will the subject of penalties under a new criminal offence which is to be announced by the UK government today. The plan was disclosed by the Chancellor of the ...
European Commission unveils draft legislation to tackle corporate tax avoidance
March 19th, 2015
The European Commission today presented a package of tax transparency measures as part of its ambitious agenda to tackle corporate tax avoidance and harmful tax competition in the EU. A key element of this Tax Transparency Package is a proposal to ...
Osborne announces the death of the annual tax return & the April 4th panic
March 18th, 2015
Instead HM Revenue and Customs will automatically collate the tax affairs of millions of Britons from employers, banks and investment firms into a single “digital” tax account which can be checked at any time online. Whilst many will question ...
