Chris Orchard provides a commentary on the recently published OECD report on high-net-worth individuals
With the spotlight firmly on ever-shrinking tax revenues as a result of the global recession it is perhaps not surprising that there have been several articles in the media over recent weeks concerned with the contribution made to Exchequer yield by wealthy individuals.
It is an issue that is not just a concern for the UK but is something that is exercising the minds of tax administrations around the world. There are concerns about the potential use of offshore tax shelters by the wealthy with moves to break down the barriers of secrecy that have existed in some jurisdictions. Further a closer focus is being put on the relationships that exist between administrations wealthy individuals...
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Chris Orchard provides a commentary on the recently published OECD report on high-net-worth individuals
With the spotlight firmly on ever-shrinking tax revenues as a result of the global recession it is perhaps not surprising that there have been several articles in the media over recent weeks concerned with the contribution made to Exchequer yield by wealthy individuals.
It is an issue that is not just a concern for the UK but is something that is exercising the minds of tax administrations around the world. There are concerns about the potential use of offshore tax shelters by the wealthy with moves to break down the barriers of secrecy that have existed in some jurisdictions. Further a closer focus is being put on the relationships that exist between administrations wealthy individuals...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
