Examining US tax policy with views from advisers on recent US developments, including the view from Washington; increasing burdens on the US tax adviser; and reflections on how US tax policy is made.
Chris Morgan reviews recent developments.
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.
Tax Justice Network says the current regime for taxing multinationals is ‘not fit for purpose’
Chris Morgan provides your update on developments in international tax, including recent examples of overseas tax authorities clamping down on tax avoidance.
Coverage in the ‘quality’ newspapers of last week’s well-attended launch of the CBI’s tax campaign appears to have been l
George Osborne told journalists earlier this week that he ‘candidly conveyed’ to the Indian government his concerns over proposed changes to India’s tax code that could reopen a $2.9bn dispute with Vodafone.
‘George Osborne, UK chancellor, attacked India’s proposed law to retrospectively tax cross-border deals, in the first such criticism from a foreign official. He warned that the move would damage the overall investment sentiment in Asia’s third-largest economy.
‘George Osborne is to make the case against a plan by the Indian government that could hit Vodafone and other western companies with backdated tax demands totalling billions of pounds.
HM Treasury has published an update and more draft legislation dealing with reform of the controlled foreign companies (CFC) rules. Two circumstances have been identified in which a full, rather than partial, finance company exemption will be offered.