Search Results for: tax evasion
Bitcoin At Tax Time: What You Need To Know About Trading, Tipping, Mining And More
December 17th, 2015
If you have come into possession of Bitcoin or any other digital currency such as Ripple or Litecoin that is “convertible” to a real currency or can be used to pay for goods and services, it may seem virtual. But ...
ECOFIN: Main results on Tax Rulings
December 9th, 2015
The Council took a number of decisions on corporate taxation. It adopted a directive on cross-border tax rulings, which will improve transparency on tax rulings given by member states to companies about how taxation will be dealt with. Pierre Gramegna, ...
HMRC still failing UK taxpayers, say MPs
November 4th, 2015
HM Revenue and Customs (HMRC) is “still failing UK taxpayers”, a group of MPs has said. It accused HMRC of only answering half the phone calls to its customer care centre, and failing to carry out enough prosecutions. Members ...
Brussels orders EU countries to claw back ‘illegal’ tax rulings
October 22nd, 2015
Europe’s competition chief ordered the Netherlands to recover €20-30 million in back taxes from Starbucks on Wednesday (21 October) and told Luxembourg to claim the same amount from Fiat Chrysler Automobiles. The move is a heavy blow to profit-shielding ...
Financial institutions believe common reporting standard will be more taxing than FATCA – KPMG
September 21st, 2015
With a Jan. 1, 2016 effective date looming for 50 “early adopter” jurisdictions set to enact a new international Common Reporting Standard (CRS) for reporting financial account information, 61 percent of respondents to a KPMG survey of executives at ...
India And Germany To Share More Information On Tax
September 1st, 2015
The governments of India and Germany have agreed to continue negotiations on a partial revision of their bilateral double tax avoidance agreement with a view to introducing automatic exchange of tax information, the Indian Government has announced. As part ...
Emerging Challenges Facing Tax Policymakers and Administrations in the Area of International Taxation and Transfer Pricing
July 14th, 2015
From July 7-9, 2015, senior tax administrators and tax policy officials from 26 countries throughout Europe and Central Asia as well as experts from the WU University and the World Bank met in Vienna, Austria to share experiences and ...
Tax: MEPs advocate country-by-country reporting to help developing countries
July 9th, 2015
The EU and its member states should make multinationals report their financial performance, tax details, assets and employee numbers country by country, so as to help fight tax evasion and illicit money flows in developing countries, says Parliament in ...
UAE and US sign agreement to provide tax information
June 22nd, 2015
The UAE and US have signed an agreement to implement America’s new Foreign Account Tax Compliance Act (FATCA), the Ministry of Finance announced in a statement carried by state news agency WAM on Saturday. The agreement means all US ...
Taxman steps up war on dodgers with more raids
June 22nd, 2015
Property searches by HM Revenue & Customs rose by nearly a fifth last year as the Government raised the pressure to combat tax evasion. Investigators made 593 raids in the year to 31 March, up from 500 the previous ...
