Chris Sanger (EY) examines the smorgasbord of tax measures announced this week
Bermuda’s deputy premier and minister of finance, the Hon. E.T.
Having previously agreed the terms of its intergovernmental agreement (IGA) in substance on 27 May 2014, Barbados became the 47th jurisdiction to officially sign an IGA with the USA for the implementation of FATCA on 17 November 2014.
The National Audit Office (NAO) has published a report finding that many tax reliefs, cost more than expected and are used in ways either not intended by Parliament, or without bringing about the intended behaviour change.
Insurance premium tax (IPT) has now been in operation in the UK for 20 years. Daniel Lyons and David Fownes (Deloitte) look back at the IPT story so far.
The Public Accounts Committee (PAC) released its 18th report of the 2014/15 parliamentary session on Tuesday, titled HMRC’s progress in improving tax compliance and preventing tax avoidance.
Shadow chancellor Ed Balls said that the Labour Party, if elected, would bring in tough new penalties to tackle and deter tax avoidance.
HMRC has publicised its victories at the Court of Appeal against Vocalspruce Ltd, at the Upper Tribunal against Fidex Ltd, and at the First-tier Tribunal against Biffa (Jersey) Ltd, amounting to more than £100m of tax.
Mark Middleditch (Allen & Overy) provides an update of recent developments, including: the announcement of new rules on hybrid mismatches; the high-risk promoters regulations; euro conversion clauses; FATCA; and the EC investigation into the Irish tax rulings over Apple
The International Consortium of Investigative Journalists (ICIJ) has published leaked documents setting out tax deals that some of the world’s largest multinational corporations struck with Luxembourg.