Norton Rose announced that it is advising Glencore, the Swiss-based commodities trader, on the UK tax aspects of its upcoming initial public offering on the London and Hong Kong stock exchanges.
The London office of Hogan Lovells announced that the firm advised Kingdom Hotel Investments on its agreement to sell the Swissôtel Kunshan in China to a subsidiary of the Malaysian company TA Global Bhd. The Hogan Lovells team was led from the UAE and supported by tax colleagues in London.
HMRC have announced updates to the guidance manuals listed below.
Manuals first published on the HMRC website in March included:
Mike Gibson examines the measures in FB 2011 that were not part of the consultation
Richard Clarke and Jessica McLellan look at recent HMRC activity, including their views on the use of EBTs set out in Revenue & Customs Brief 18/11
Ray McCann and Cathya Djanogly review recent case law which suggests that HMRC have been applying the penalty legislation too rigidly
Tax avoidance is legal but ‘is it fair, or even moral?’ asked Clive Anderson, the broadcaster and former barrister, as he introduced a panel of tax law specialists on the BBC’s Unreliable Evidence programme, broa
'The Treasury has been condemned by an influential group of MPs for leaking important tax and benefit changes before the Budget, which they described as "corrosive of good government".
Berg Kaprow Lewis has appointed Anthony Newgrosh as a senior consultant at its tax consultancy, BKL Tax. Newgrosh joins the firm from RSM Tenon.