Chris Morgan provides your monthly review, including coverage of the decisions in Santander and Philips and Australia's Federal Budget.
Ashley Greenbank and Elizabeth Keeling examine the extent to which the government has implemented recommendations in the Dyson Review. Rex Vevers gives a business view (below) on R&D incentives.
Mark Minihane answers a question on foreign exchange on an unrealised gain on a loan asset.
Tax campaigner Richard Murphy’s estimate of the UK’s tax gap is ‘misleadingly high’, HMRC has said in a submission to the House of Commons Treasury Committee.
The value of the retail prices index for April 2012 is 242.5.
Eight taxes would be abolished and replaced by a ‘single income tax’ under reforms proposed today by the 2020 Tax Commission, a joint project between the TaxPayers’ Alliance and the Institute of Directors.
The Commission has recommended that:
Ian Carnochan and Brin Mazen provide an introduction to the taxation of Islamic finance banking and capital markets structures.
Recent revelations that 2,000 plus civil servants have been engaged via personal service companies has created a major debate over these types of arrangements in government and the private sector.
Senior tax officials from OECD countries met in Montreal to discuss recent ‘unintended double non-taxation’ due to the use of hybrid mismatch arrangements.