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.
Legislation will be introduced in Finance Bill 2015 amending ITTOIA 2005 to remove the ‘unfair tax advantage’ provided by B share schemes. Helen Gilbey and Sarah Falk (Freshfields Bruckhaus Deringer) analyse the new rules
HM Treasury has suggested that the government may narrow the notification requirements of, and widen the exclusion for loan relationships for, the proposed diverted profits tax (DPT).