The OECD has published the final text of its common reporting standard (CRS) for automatic exchange of information between tax authorities worldwide. The commentary to the CRS is still under discussion at the OECD.
The Financial Times reported (17 February 2014) that Rupert Murdoch’s News Corp has been paid $882m by Australia’s tax authorities, following its victory in a legal battle over A$2bn in foreign exchanges losses that dates back to 1989.
Paul Radcliffe comments on the forthcoming global FATCA-like regime.
Views from tax professionals on some of the points to watch in the draft measures due to be included in this year's Finance Bill.
Financial services businesses in the Crown dependencies and British overseas territories are subject to a new information reporting regime, following intergovernmental agreements signed with the UK. Jason Collins and Reg Day review what needs to be reported by such businesses in respect of family trusts and private investment companies, in light of new draft guidance
Abigail McGregor asks whether the financial transaction tax is on the rocks again
The transfer pricing compliance yield from mid-tier businesses collected by HMRC’s local compliance teams in 2012/13 stood at a record £253m, according to figures obtained by Pinsent Masons.
Danny Beeton reviews the OECD’s recent discussion draft and assesses its impact on business.
By Peter Vaines
Wendy Walton and Miranda Chamberlain sift through the draft Finance Bill measures affecting the taxation of private clients