US multinationals have attacked George Osborne’s diverted profits tax, warning that the so-called ‘Google tax’ – which comes into force in April – would have ‘a chilling effect on inward investment’, reports the FT.
The OECD and G20 have agreed three key elements towards the implementation of BEPS measures on tax avoidance by multinationals:
Labour leader Ed Miliband issued a written warning to the leaders of Britain’s overseas territories and crown dependencies over tax avoidance, saying that under a Labour government they would have six months to compile a public register of offshore companies or risk being put on a ‘tax havens’ bl
The Swiss arm of British bank HSBC has been accused of helping its wealthy clients with offshore tax avoidance – and even tax evasion – in the national and international press.
The UK is rushing through a new tax which overrides a longstanding international principle. Is that wise, asks Mark Bevington (Baker & McKenzie)
Eloise Walker and Robbie Chen (Pinsent Masons) consider the ambit of the new GAAR in the People’s Republic of China
Jennie Granger (HMRC) writes about the new approach of HMRC’s enforcement and compliance business.
Tax penalties also under review
The Charity Commission has published new guidelines setting out its regulatory position on the use of fiscal reliefs available to charities and on the fine distinction between:
The European Council has formally adopted the common anti-abuse clause of the Parent-Subsidiary Directive, following the agreement reached by finance ministers in December.