The Tax Justice Network has written to chief executives of FTSE 100 listed companies, drawing attention to a legal opinion which says that company directors have no fiduciary duty to avoid tax.
The G20 leaders’ declaration published last week endorses the OECD proposal on BEPS and a new standard of information exchange. Sandy Bhogal provides a quick overview
The OECD has presented to the G20 its progress report on tax transparency and exchange of information, including the BEPS action plan and global model for automatic exchange of information.
Heather Self looks at the substantial shareholdings exemption in light of Vodafone's sale of its Verizon interests
The G20 Leader’s Summit is being held this week in St Petersburg, Russia, where Pascal Saint-Amans, Director of the OECD’s Centre for Tax Policy and Administration, will provide an update on the G20 initiatives to tackle tax evasion and avoidance by individuals and companies as part of the OECD’s
Heather Self and Ray McCann examine HMRC’s proposals on high-risk tax promoters. Plus, further reaction from Michael Avient, and a Q&A on the proposals by Jonathan Levy.
HMRC is consulting until 4 October 2013 on new statutory powers to identify publicly ‘high-risk’ promoters and require disclosure of all material provided to prospective users of notifiable schemes, including full analysis of the tax advantage a scheme is designed to obtain.
HMRC has published its Business Plan update for 2013/14, in which it restates its determination to clamp down on tax avoidance and evasion, using new technology, a ‘raft of new campaigns and taskforces’ and legislation aimed both at tax avoiders and scheme promoters, writes Dawn Register.
Who could be caught by reform proposals on ‘high-risk promoters’? Jonathan Levy considers the likely impact of HMRC’s latest consultation.
Ben Roberts (RPC) compares s 75A with the GAAR, in light of the recent decision in Project Blue.