Search Results for: Tax
Denials continue despite MPs hearing of HSBC tax evasion claims in 2011 (Video)
February 11th, 2015
Downing Street insists it had no warning of HSBC wrongdoing, despite revelation MPs had known about ‘disc from the Swiss’ with names of potential tax dodgers Downing Street and the Financial Conduct Authority insisted on Tuesday they had been ...
HSBC files show how Swiss bank helped clients dodge taxes and hide millions (Video)
February 9th, 2015
Data in massive cache of leaked secret bank account files lift lid on questionable practices at subsidiary of one of world’s biggest financial institutions. HSBC’s Swiss banking arm helped wealthy customers dodge taxes and conceal millions of dollars of ...
PwC rejects Margaret Hodge’s claims that it promotes “tax avoidance on an industrial scale”
February 6th, 2015
PwC has rejected the findings of the Public Accounts Committee, which has accused the financial services firm of promoting “tax avoidance on an industrial scale”. The committee, led by Labour MP Margaret Hodge, published a report this morning slamming ...
UBS Faces a New Tax-Evasion Probe
February 5th, 2015
Authorities Investigate Whether Swiss Bank’s Clients Used ‘Bearer Securities’ to Hide Cash Federal prosecutors have launched a new probe into whether Swiss bank UBS AG helped Americans evade taxes through investments largely banned in the U.S., according to people familiar with ...
Better Late Than Never For Tardy Tax Returns
February 3rd, 2015
ACCA’s head of taxation, Chas Roy-Chowdhury, gives his advice on what to do if you’ve missed the deadline for self-assessment which was 31 January The deadline for self-assessment may have passed, but for the hundreds of thousands of people ...
Ireland Announces New Tax Amnesty Terms
February 2nd, 2015
The Irish tax authority, the Revenue Commissioners, has confirmed that taxpayers who have engaged in certain tax avoidance transactions may avail themselves of a new settlement opportunity, which is to be offered until June 30. Legislation was contained in ...
SMEs bear brunt of UK’s £10bn Hidden Tax Burden
January 30th, 2015
The UK tax system is costing businesses up to £10bn in hidden costs a year, with SMEs bearing the majority of this burden according to new research by AAT. Ahead of HMRC’s end-of-the-month self-assessment deadline, AAT has researched the ...
Without US support, multinational tax crackdowns will fail
January 29th, 2015
It’s no secret that companies including Apple, Google, Amazon, Uber, Airbnb and Ikea seem to pay less than their fair share of tax in Australia. Despite booking huge revenues from sales to Australian customers they are able to reduce ...
Hatch: Only Tax Reform Can Cure US Inversions
January 26th, 2015
Senate Finance Committee Chairman Orrin Hatch reiterated his view that the only solution to corporate tax inversions is United States tax reform, during remarks at a conference hosted by the Brookings Institution on January 23. Hatch has long been ...
Second French suspect charged over Luxleaks tax probe
January 26th, 2015
A second French suspect was charged Friday with theft and money-laundering in ongoing investigations into the leaking of secret tax avoidance deals between Luxembourg and multinational companies, a scandal dubbed Luxleaks. The identity of the new suspect was not ...
