A leading charity’s claim that ‘tax dodging’ by multinationals costs developing countries an estimated US$160bn a year falls short of the standards that campaigners expect from companies, according to a tax expert.
An OECD task force has concluded that ‘designing special tax rules for internet companies would not be viable, given the growing digital presence in large parts of the economy’, the Financial Times reported on 20 January.
Bill Dodwell writes that much of the PAC’s recent report on HMRC sees the committee drift away from evidence-based findings to opinion
ICAEW’s Tax Faculty has warned that a widespread belief that some businesses can pay less than their fair share of tax can undermine confidence in the tax system.
The CJEU issued its judgment following third preliminary reference in the franked investment income group litigation order (FII GLO) on 12 December 2013.
The Financial Times has reported (15 December) Vodafone as saying that businesses must open up their affairs to more public scrutiny.
The government has published a list of 264 banks which have unconditionally adopted its ‘voluntary’ code of practice on taxation for banks as at 5pm on 4 December.
Jason Collins gives his predictions on what to expect from next week’s Autumn Statement.
Following the OECD meeting in Paris last week, Bill Dodwell and Alison Lobb examine the challenges in implementing country by country reporting and its proposed common template.
Prime minister David Cameron has confirmed that a register of beneficial owners of all UK companies is to be made publicly available as part of the government’s pledge to tackle tax avoidance and evasion, as was first announced at the June 1013 G8 Summit.