Chris Morgan's update includes coverage of the EC's package regarding tackling tax evasion and aggressive tax planning and the US fiscal cliff legislation.
Reduction in corporation tax reflects ‘the change in the economic environment and falls in the rate of tax’, say PwC and the Hundred Group
‘Tax avoidance’ is a dangerous expression but abusive tax planning has become intolerable in a period of austerity, says Aaronson
HMRC stresses that ‘tax under consideration’ is not the same as tax owed or unpaid
Chief prosecutor’s targets include ‘tax consultants who push dishonest avoidance schemes'
Aggressive tax planning has been achieved ‘with the complicity of governments themselves to cope with tax competition’, says senior OECD tax official
Proposals represent a major improvement, says PKF
Measures dealing with the remittance basis, pensions drawdown, policing reforms and vulnerable beneficiary trusts
Time frame remains challenging, says KPMG
The ‘court of public opinion’ sets a dangerous precedent, says Baker Tilly tax partner