UK CEOs accept ‘more readily’ than those elsewhere the need for ‘greater openness and reform’ on taxation, said PwC’s chairman and senior partner Ian Powell as the UK firm released its 17th annual global CEO survey.
‘The UK is at serious risk of failing to capitalise on the booming civil aerospace industry unless the government provides more tax relief to British companies involved in the sector, a leading trade body is warning.
Charles Goddard answers a query on fees paid to non-executive directors
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.
Bad debt relief
Share loss relief: were shares bought or subscribed for?
Upfront payments from seller to buyer on share sales (so-called negative consideration) are on the increase. James Smith and Alistair Craig examine the tax consequences
Helen Lethaby reviews recent developments affecting the City, including draft Finance Bill provisions and recent decisions in Boyle, Eclipse and Versteegh
The OECD will have ‘plenty of economic analysis to drawn upon’ during the course of the BEPS project but there is a need for more commentary on practical questions, according to a former City tax lawyer.