Search Results for: tax
HMRC’s step to become a tax authority fit for the future
November 16th, 2015
HMRC announces next step in its ten-year modernisation programme to become a tax authority fit for the future Fewer, more modern regional centres and highly skilled staff will provide customers with better services HMRC has today announced the next ...
Joint Press Release by the Bank of Israel, the Israel Securities Authority, the Ministry of Finance, the Ministry of Justice, and the Israel Tax Authority
November 13th, 2015
The Joint Team to Promote Securitization in Israel publishes its final report, and recommends that the securitization market be developed cautiously and in a measured fashion by removing obstacles. The Interministerial Team for the Promotion of Securitization in Israel ...
HMRC imposes 45% corporation tax without warning
November 9th, 2015
The government have imposed a 45% corporation tax on restitution interest from 21 October without any warning or consultation. Corporations will be charged at the special rate of 45% instead of the normal 20% rate of corporation tax on restitution interest. Businesses ...
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 ...
The accounting trick that helps multinationals avoid paying tax
October 30th, 2015
Chevron Australia’s aggressive tax strategies have resulted in an additional $322 million tax bill, but this may only be the beginning of the energy giant’s woes with the Australian Taxation Office. And others could face the same headache. The ...
Fighting tax evasion: EU and Liechtenstein sign new tax transparency agreement
October 29th, 2015
Today the EU and Liechtenstein signed a new tax transparency agreement, marking another important step forward in the fight against tax evasion. Under the new agreement, Liechtenstein and EU Member States will automatically exchange information on the financial accounts ...
Deloitte network awarded more ‘tier one’ ratings than ever, by World Tax 2016
October 29th, 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 47 countries. World Tax tier ratings are based upon input from market and tax professionals ...
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 ...
Facebook paid £4,327 corporation tax despite £35m staff bonuses
October 12th, 2015
Social networking firm paid average of £210,000 to staff in Britain, but overall loss in UK of £28.5m meant very little corporation tax was due Staff at Facebook’s UK arm took home an average of more than £210,000 last ...
Tax transparency: Commission welcomes agreement on the automatic exchange of information on tax rulings
October 7th, 2015
EU Commission welcomes agreement reached by Member States on the automatic exchange of information on tax rulings The EU Commission has welcomed today’s unanimous agreement by Member States on the automatic exchange of information on cross-border tax rulings, just ...
