Q&A with David Southern on the high-profile case of cross-border group relief on subsidiary losses
HMRC has published updated regulations and guidance on the implementation of Foreign Account Tax Compliance Act (FATCA) in the UK. The documents came out late on Friday 31 May and are available on HMRC’s website.
The UK’s corporation tax system is about right, tax lawyers said in evidence to the House of Lords economic affairs committee on 4 June, but they broadly supported the OECD’s initiative to address ‘base erosion and profit shifting’.
Apple: ‘Even before last week’s Senate hearing on Apple, it was clear that the aggressive use of tax havens and other tax avoidance tactics had become standard operating procedure for global American companies.
Jackie Wheaton offers the key issues of a transaction involving a new build of high-quality apartments
A new EU law requiring multinationals to report profits and taxes on a country by country basis may be introduced within a few months, reports have suggested after the European Council agreed to strengthen measures to tackle tax evasion and avoidance.
Payments to employee benefit trusts
Cross-border loss relief
The House of Commons Public Accounts Committee heard from representatives from Google, Ernst & Young and HMRC on 16 May.
Google: ‘A former Google executive has blown the whistle on a massive and “immoral” tax avoidance scheme that has “cheated” British taxpayers out of hundreds of millions of pounds over the past decade.