The general anti-abuse rule, or GAAR, entered into force on 17 July 2013 as Finance Bill 2013 received Royal Assent.
As reported in The Guardian, Irish MPs have voted that multinational companies, such as Apple and Google, which use the Irish tax regime will not be grilled on their tax affairs.
Swiss banks will collect far less in tax from UK account holders than the £3.2bn predicted by the Office for Budget Responsibility (OBR), according to The Times. The tax deal allows UK citizens to pay a one-off levy and regular withholding tax to their Swiss bank.
The International Tax Compliance (United States of America) Regulations, SI 2013/Draft, first published in December 2012 and updated in May 2013, will give effect to the UK/US intergovernmental agreement to implement the US FATCA legislation in the UK.
MPs debated the issue of multinational companies and UK corporation tax last week in a debate scheduled by the Backbench Business Committee.
Cadbury: ‘Cadbury, the British confectionery maker that became a cause célèbre for tax justice campaigners after it was acquired by US food group Kraft in 2010, engaged in aggressive tax avoidance schemes before the takeover that were designed to slash its UK tax bill by more tha
The House of Commons Public Accounts Committee (PAC) released the report of its investigation of the tax affairs of internet firm Google.
John Brinsmead-Stockham addresses concerns about how the GAAR advisory panel will operate in practice
Alliance Boots: ‘Alliance Boots has accumulated a tax credit on £5bn of profit in the past six years, prompting calls by unions and MPs for an overhaul of the tax advantages enjoyed by private equity.
Measures to increase tax transparency will bring the international tax system into the modern age, the UK government declared at the close of the G8 leaders’ summit in Northern Ireland.