More than half (57%) of small business owners responding to a survey conducted by the Forum of Private Business would be willing to pay more tax in exchange for a simplified system, and 50% would be prepared to pay more under a simplified system ‘if that system cut down on tax avoidance among the
Three judges, two leading tax academics and BP’s head of tax will work with tax barrister Graham Aaronson to explore the case for a general anti-avoidance rule (GAAR), the Treasury announced.
Aaronson has enlisted:
‘Chuka Umunna MP is asking [at a Treasury Select Committee hearing] how many Barclays subsidiaries are incorporated in the Isle of Man. [Bob Diamond, Chief Executive of Barclays plc] says he doesn’t know. Umunna says there were 30 in that jurisdiction. He asks about Jersey.
Offshore tax havens are undermining elected government, hollowing out its tax base and corrupting its politicians but are still ‘growing fast’, according to a new book serialised in The Guardian.
The leading tax bodies have updated their joint guidance for tax advisers on professional conduct in relation to taxation. It was last updated in 2006, and the latest version has been the subject of discussion since 2007.
The Finance Act 2010, Schedule 17 (Appointed Day) Order, SI 2010/3019, appoints 1 January 2011 as the day on which the amendments to FA 2004 Part 7 (disclosure of tax avoidance schemes) come into force.
The Treasury launched on 9 December 2010 a consultation on draft legislation for Finance Bill 2011. The following brief outline of the measures is based on the Treasury’s overview and draft explanatory notes.
The National Insurance Contributions (Application of Part 7 of the Finance Act 2004) (Amendment) Regulations, SI 2010/2927, amend the National Insurance Contributions (Application of Part 7 of the Finance Act 2004) Regulations, SI 2007/785, which make provision corresponding to FA 2004 Part 7 (di
UK Uncut, the group behind recent protests at Vodafone and Topshop stores, targeted another 20 stores across Britain on Saturday, the Sunday Times reported.