Some activity that is not technically ‘tax avoidance’ may still be problematic. But a GAAR cannot deal with it, and it is unfair to criticise HMRC over multinationals’ tax planning, Judith Freedman tells Tax Journal.
‘What is the capital on the shares?’
Package includes expansion of unit focusing on affluent individuals
HMRC insists that it has been ‘very successful’ in reducing tax avoidance by large businesses
‘We have listened to feedback from our customers and employees’
‘Without transparency it is very difficult to understand what is going on in tax’
A consensus about allocation of taxing rights in the modern global economy is the right way ahead and the need for a balanced debate is now urgent, say Freshfields Bruckhaus Deringer partners
Chris Morgan provides your update on developments in international tax, which this month includes coverage of the FII GLO case, further tax changes in France and a new restriction on interest deduction that will come into force in Sweden.
Examining the key tax issues facing this sector. By Eloise Walker, Heather Self, John Christian, and Alison Walker (Pinsent Masons), with in-house views from Robert Fort Ferrovial) on tax competitiveness and David Murphy (Bechtel) on risk management issues for international EPC contracting.
Dominic Stuttaford and Andrew Roycroft (Norton Rose) examine developments in tax affecting the attractiveness of the UK as a location for insurance group holdings, the VAT exemption for intermediaries rules, VAT on insurance restructurings and the increasing importance of insurance premium tax. Jennie Rimmer (Aspen) provides (below) an in-house perspective.