Setting up a company specifically to avoid tax is ‘aggressive tax avoidance’ and should be distinguished from investment in pensions or genuine start-up businesses, the Prime Minister suggested today.
Coverage in the ‘quality’ newspapers of last week’s well-attended launch of the CBI’s tax campaign appears to have been l
The question whether business pays its ‘fair share’ of tax is a perfectly legitimate one that deserves a good answer, John Cridland said at the launch of a CBI campaign to bring ‘an informed voice’ to the UK business tax debate.
The government will not publish anonymised data on the corporation tax paid by FTSE 100 companies, David Gauke said in Commons written answer this week.
MPs have recommend that the government restrict its use of retrospective legislation to ‘wholly exceptional circumstances, which should be narrow and clearly-defined’.
HMRC will be forced to defend itself in court against an allegation that it gave a ‘sweetheart tax deal’ to Goldman Sachs, The Guardian reported today.
HMRC requested comments by 11 May on a draft statutory instrument to amend regulations to allow investors in PAIFs to exchange their units in a dedicated PAIF feeder fund for units in the PAIF and vice versa, in specified circumstances, without incurring a capital gains tax charge.
A special low rate of UK corporation tax on finance profits from overseas financing within multinational groups will offer a ‘very significant’ benefit to groups setting up a structure that represents, according to a leading tax expert, ‘almost government-approved tax avoidance’.