Search Results for: tax
European Parliament special tax delegation due in Cyprus
April 13th, 2016
A delegation of members of the European Parliament’s Special Committee on Corporate Taxation II – or TAXE 2 – will visit Cyprus on Friday to look into the Cypriot corporate tax practice. MEPs will meet with Foreign Minister Ioannis Kasoulides, ...
Norway Reaffirms Corporate Tax Cut Pledge
April 13th, 2016
Norwegian Finance Minister Siv Jensen has said that Norway’s corporate tax is too high and should be reduced as part of a wider package of measures designed to boost economic growth. Jensen told the Norwegian Shipowners’ Association annual conference ...
EU Seeks Tougher Tax Rules After Offshore Accounts Scandal
April 12th, 2016
The European Union’s executive wants thousands of multinationals doing business in its 28 nations to show where they pay tax and make their profit on a country-by-country basis to be able to close loopholes many have exploited to avoid ...
Gateley acquires tax adviser Capitus in first deal since AIM listing
April 12th, 2016
AIM listed law firm Gateley has bought tax adviser Capitus in a deal worth £2.72m, the firm’s first acquisition since its listing in June 2015. The business will be renamed Gateley Capitus following the deal, which includes £1.59m in cash and ...
Cyprus: 86 people on ‘Lagarde List’ have been sent tax notices
April 12th, 2016
The first leg of the Tax Department’s investigation into a list of deposits in Swiss HSBC bank in 2003 has been completed, with 86 individuals sent notices, tax czar Yiannis Tsangaris said on Monday. Speaking on state radio, Tsangaris ...
EU Nations Split Over Tax Rules on Controlled Foreign Companies
April 11th, 2016
Tax debate weighs on push to pass anti-fraud package by June Panama leaks give extra incentive to EU corporate-tax campaign European Union proposals to crack down on corporate-tax avoidance are getting stuck in a fight over how to curb ...
Barack Obama: Tax avoidance is a big global problem
April 7th, 2016
US President Barack Obama has warned that “tax avoidance is a big global problem” and urged Congress to take action to eliminate tax loopholes. “A lot of it is legal, but that’s exactly the problem,” he said. His comments ...
Credit Suisse, HSBC dismiss ‘Panama Papers’ tax avoidance allegations
April 6th, 2016
Credit Suisse and HSBC, two of the world’s largest wealth managers, dismissed on Tuesday suggestions they were actively using offshore structures to help clients cheat on their taxes. Their comments came a day after a leak of four decades ...
EU competition chief says unclear when Apple tax probe will be decided
April 5th, 2016
A two-year investigation into whether Apple’s (AAPL.O) tax deal with Irish authorities gave the iPhone maker an unfair advantage will take a lot longer because of the large amount of data involved, the EU antitrust chief said on Monday. ...
HMRC’s response to the ICIJ story on offshore tax evasion
April 5th, 2016
Jennie Granger, Director General of Enforcement and Compliance, HM Revenue and Customs, said: HMRC is committed to exposing and acting on financial wrongdoing and we relentlessly pursue tax evaders to ensure that they pay every penny of taxes and fines ...
