Search Results for: tax
TAX: OECD presents outputs of OECD/G20 BEPS Project for discussion at G20 meeting
October 5th, 2015
Reforms to the international tax system for curbing avoidance by multinational enterprises The OECD presented today the final package of measures for a comprehensive, coherent and co-ordinated reform of the international tax rules to be discussed by G20 Finance Ministers at ...
RAK, UAE, and traditional tax havens
September 25th, 2015
What is the difference between the United Arab Emirates (UAE) and other popular tax havens? Why more and more international traders and investors find the UAE to be one of the best places to incorporate offshore companies for various ...
London Capital Group reports £8.6 million loss before tax
September 24th, 2015
LONDON CAPITAL GROUP HOLDINGS PLC has issued today an announcement to inform on its Interim Results for the Six Months Ended 30 June 2015. Operating Summary Since the arrival of the new management team in October 2014 there has ...
Methods of Tax Avoidance: Doubts Grow Over Fight Against Big Business Tax Evasion
September 24th, 2015
Lawmakers in the European Union say they have doubts that the fight against “aggressive” tax saving plans by the likes of Amazon, Barclays, Coca Cola, Facebook and Google can be sustained because of a lack of political agreement. The ...
Juncker Criticizes ‘Unjust’ EU Rules on Corporate Taxation
September 21st, 2015
Jean Claude Juncker has told Members of the European Parliament (MEPs) that the current rules on corporate taxation are “unfit for purpose and unjust.” The President of the European Commission made the remark during a joint meeting of the ...
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 ...
Safe-deposit-box: the preferred method of tax dodgers
September 18th, 2015
Italians looking to conceal assets turn to safe-deposit boxes. Italians who want to stash their riches out of reach of tax collectors might familiarize themselves with a restaurant on the Via della Posta in the Swiss town of Locarno, ...
New tax landscape places major burdens on companies, says PwC report
September 15th, 2015
An expanding compliance burden, more audits and the potential for increased and double taxation – those are the challenges facing companies due to the rapidly evolving global tax landscape, says a PwC report. The demand for greater tax transparency ...
Tax systems to support creation and success of Small and Medium-Sized Enterprises (SMEs)
September 11th, 2015
SMEs form the vast majority of businesses in most countries and contribute strongly to employment and economic growth, but they face distinct challenges, particularly as concerns access to finance and relatively high tax compliance costs. Governments have a range ...
Revenue & Customs ‘winding down’ inquiries into HSBC Swiss tax evaders
September 10th, 2015
After reopening investigation into HSBC clients hiding money in Switzerland, HMRC admits it has still only prosecuted one tax cheat HM Revenue and Customs (HMRC) is winding down its inquiries into hundreds of British customers who used HSBC’s Swiss ...
