Search Results for: Tax
UK taxpayers learn how much of their money goes on welfare
November 3rd, 2014
Taxpayers will for the first time receive their Annual Tax Summary, which will show how much tax the person has paid and to which government departments the money has gone. HM Revenue & Customs will begin sending out the ...
Governments sign deal against tax evasion
October 30th, 2014
Fifty-one countries have pledged to pass on financial data after signing an agreement in Berlin to crack down on tax evasion. The transparency drive, which will launch the automatic exchange of tax information between countries, was hailed by finance ...
European Court Rules Against Italy’s Gambling Tax Rules
October 29th, 2014
The European Court of Justice has ruled against Italian gambling tax legislation, which taxes winnings from games of chance that are obtained in other EU member states but exempts such winnings obtained in Italy. The Court said that by ...
Calls for PM Abe to Delay Sales Tax Increase
October 27th, 2014
A top Japanese government official said Prime Minister Shinzo Abe should delay a planned sales-tax increase, the strongest sign yet that economic weakness is causing concern among those close to the premier ahead of the difficult tax decision. “I ...
Vodafone Starts Audit Into Possible Tax Fraud at Ono Unit
October 27th, 2014
Vodafone Group Plc (VOD) said it has begun an audit into possible tax fraud at Grupo Corporativo Ono SA, the Spanish cable operator Vodafone bought in July. “As soon as Vodafone became aware of the issue we instigated a ...
EU Value-Added Tax Reforms Closing The VAT Gap
October 27th, 2014
The European Commission has published its latest VAT Gap study, which shows that an estimated EUR177bn (USD223.9bn) in value-added tax (VAT) revenues was lost due to non-collection or non-compliance in 2012 – a figure equal to 16 percent of ...
Swiss officials search Sarasin bank in German tax probe
October 24th, 2014
Swiss authorities have searched the offices of private Bank J. Safra Sarasin as part of a probe led by German prosecutors into dividend stripping, an investment strategy that can be used to help clients avoid taxes, a Zurich prosecutor ...
Accountants Discuss Scottish Tax Powers
October 24th, 2014
The Institute of Chartered Accountants Scotland (ICAS) has said that the issues involved in devolving further tax powers to Scotland are wide ranging and complex. In a report prepared ahead of the first meeting of the Smith Commission on ...
73 Swiss banks ask U.S. to revise proposed tax amnesty deals
October 24th, 2014
Lawyers representing 73 Swiss banks seeking to avoid a tax-evasion probe by U.S. authorities wrote a letter to the U.S. Department of Justice raising questions over a dozen demands, including the banks’ cooperation with other nations. In the letter ...
Facebook pays no UK corporation tax for a second year
October 23rd, 2014
Facebook paid no UK corporation tax for the second year in a row in 2013, while employees received shares in the company worth tens of millions of pounds. The world’s largest social media company reported a pre-tax loss of ...
