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:
Angela Savin on the Reed Employment case
HMRC has announced that it has designated the MICEX stock exchange – Russia's leading stock exchange – as a 'recognised stock exchange' under ITA 2007 s 1005(1)(b) with effect from 5 January 2011.
‘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 Chartered Institute of Taxation has awarded honorary fellowships to Leonard Beighton, a leading member of the CIOT's Low Incomes Tax Reform Group who has played a major role in some of LITRG's key reports, and Bob Dommett, the CIOT’s Secretary General since 1995.
The revised version of HMRC’s guide to Residence, Domicile and the Remittance Basis, is now available.
The Finance Act 2008, Section 39(7) (Commencement) Order, SI 2011/23, appoints 1 February 2011 as the date on which FA 2008 s 39(7), inserting TCGA 1992 s 26A (transfer of dormant bank or building society accounts to authorised reclaim
HMRC has announced an update to its draft guidance on the Bank Levy. The draft Bank Levy Manual, running to 189 pages, accompanies the draft Finance Bill 2011 clauses published on 9 December.
Deloitte named Andrew Hodge, currently head of the firm’s UK and EMEA global employer services businesses, as the new managing partner of its tax practice.