The European Parliament Special Tax Rulings Committee held a meeting on 11 May with the International Consortium of Investigative Journalists (ICIJ) to share their experiences on the November 2014 ‘Luxleaks’ revelations, where members of the European Parliament (MEPs) complimented them on their ‘
The OECD invites comments by 12 June 2015 on a new discussion draft for action 7 of the BEPS action plan (see www.bit.ly/1HmYCwj). This reflects comments received on the first discussion draft published in October 2014.
The European Parliament's Legal Affairs Committee on 7 May approved a draft directive enabling shareholders to vote on directors’ remuneration to ensure greater transparency and accountability.
George Osborne has announced that there will be a Summer Budget on Wednesday 8 July. HM Treasury has also invited comments on what the public would like to see in the forthcoming Budget. Representations can be made via a short survey or by email and must be submitted by Friday 5 June.
Reasonable excuse: agent’s late registration
The Law Society has released a position paper expressing its belief that, in recent years, there has been a tendency on the part of government to allow the rule of law in taxation to risk being eroded in the interests of making the executive more effective, and makes a number of proposals as to h
City law firm RPC has said there has been a 29% rise in the number of tax investigations into internationally mobile high earners by HMRC in the last year, and that the firm ‘does not expect any let up in HMRC’s investigations of this class of high earners’.
‘With a Conservative government now confirmed, higher earners will be trying to do their sums to work out whether they are a winner or loser,’ says Tim Stovold, head of tax at accountants Kingston Smith.
Australia announced that it will be introducing two new tax measures in its Budget on Tuesday.
The Bribery Act has laid the foundation for a new criminal offence, which will require corporates to conduct ever greater levels of due diligence, says Jason Collins (Pinsent Masons)