Search Results for: tax
EU, Ukraine Cut Trade Taxes Through New Free Trade Deal
January 5th, 2016
On January 1, 2016, the tariff cuts contained in the Deep and Comprehensive Free Trade Area (DCFTA) between the European Union and Ukraine became effective. Welcoming the deal, the European Commission said the application of the DCFTA of the ...
HSBC escapes action by City regulator following Swiss tax scandal
January 5th, 2016
Financial Conduct Authority will take no action against bank whose Swiss arm helped clients to evade tax. HSBC will not face formal action from the City regulator following revelations that the Swiss arm of Britain’s biggest bank helped clients to ...
More banks pay no UK tax, Labour wants tougher approach
January 4th, 2016
Two more investment banks have reported paying zero tax in Britain in 2014, prompting the opposition Labour party to urge the government to reverse a tax change it made for banks last year. Citigroup and Credit Suisse disclosed in ...
Apple ‘to pay €318m’ to settle Italy tax fraud case
December 30th, 2015
Apple’s Italian subsidiary has agreed to pay €318m (£235m; $348m) following an investigation into tax fraud allegations, Italy’s tax office says. Italy’s tax authorities say the company failed to pay €880m in tax between 2008 and 2013, according to ...
World Tax 2016 has awarded the Deloitte network
December 30th, 2015
World Tax 2016 has awarded the Deloitte network its best rankings to date, giving a ‘top tier one’ rating to Deloitte member firms in 48 countries including the Deloitte firm in the Gulf Cooperation Council countries. The Deloitte tax practice in ...
KPMG: UK tax changes will slow down buy-to-let market
December 30th, 2015
The buy-to-let market will slow down next year due to a series of tax changes, accountancy giant KPMG has said. The changes, including a three per cent hike to stamp duty on buy-to-let homes, to be introduced in April, will put off ...
Seven big investment banks in UK paid just $30 million tax in 2014
December 29th, 2015
Seven of the biggest investment banks operating in London paid little or no tax in Britain last year, despite reporting billions of dollars in profits, a Reuters analysis of corporate filings shows. In recent months, the seven investment and ...
Increase In Tax Penalties Issued To UK Financial Directors
December 23rd, 2015
The number of penalties issued under UK tax authority’s Senior Accounting Officer (SAO) regime more than doubled in 2014-15, according to research by international law firm Pinsent Masons. Pinsent Masons said that 155 fines were issued in 2014-15, up ...
Greece: Brussels demands changes in shipping taxation
December 22nd, 2015
The European Commission has called for a radical change in the way shipping firms are taxed in Greece. On Monday Brussels sent a series of proposals to Athens that Greece is expected to adopt so that the country’s law ...
Britain pays to PwC for helping to design Ukraine’s tax reform – finance ministry
December 22nd, 2015
The Finance Ministry of Ukraine drew up the draft amendments to the Tax Code of Ukraine itself, although the ministry used consultations by PricewaterhouseCoopers (PwC) international consulting company, the services of which were paid by the British government. The ...
