Sarah Norton summarises the changes regarding real-time working of transfer pricing issues and Advanced Pricing Agreements, cost contribution agreements and share options
‘One of Britain’s biggest companies may be forced to move abroad if the Government does not abandon the new higher rate of income tax ... Paul Walsh, the chief executive of Diageo, said the 50p rate threatened to cause “long term damage” to Britain’s “competitive edge”.
The Vatican's Pontifical Council for Justice and Peace has called for a new tax on financial transactions and proposed the creation of a global authority to regulate financial markets. International institutions must be reformed to favour effective monetary and financial systems, it said.
Tax campaigners have called for the ‘immediate cancellation’ of the UK government’s tax agreement with Switzerland. The Tax Justice Network published details of ten ‘escape routes’ in the agreement, which is designed to tackle evasion by British residents using secret Swiss bank acccounts.
The Court of Appeal has handed down the latest judgment in the M&S group relief case. Alison Last assesses the impact of the decision.
Robert Langston outlines how commissionaire structures operate and the resulting tax risks following the Dell and Zimmer cases.