The ICAEW and CIOT have jointly written to the Treasury asking that the current review on the future of UK corporation tax be expanded.
I have no problem with that. Indeed, it is obvious that the scope of the review is too narrow and that the range of participants is too limited.
But I do have a […]
Interesting that the day following the first meeting of the committee considering the future of corporation tax in the UK the FT publishes and article on the CCCTB (European Common Consolidated Corporate Tax Base).
Also interesting that this is written in part in the context of Ireland, who has lead the fight against the CCCTB for […]
The Telegraph has reported that:
A row has broken out between the Channel Islands and the European Union over a decision to leave the tax havens off a ‘white list’ of countries deemed to have satisfactory controls against money-laundering.
Jersey, Guernsey and the Isle of Man have been placed by the EU on an ‘intermediate’ list of […]
The Economist had an article on companies leaving the UK last week. They concluded by giving space to Mike Devereux Oxford University:
The government’s proposals go far beyond what is reasonable to protect Britain’s tax base, says Michael Devereux, a professor at the Oxford University Centre for Business Taxation. The government is now looking for a […]
At yesterday’s ECOFIN meeting the EU increased its commitment to tax cooperation to tackle tax evasion. It said:
TAX ISSUES IN AGREEMENTS WITH THIRD COUNTRIES - Council conclusions
The Council adopted the following conclusions:
“The Council:
1. CONSIDERS that recent events involving tax fraud and evasion have proven the need to tackle this throughout the world and to reinforce […]
I despair of Gordon Brown. Yesterday he promised to cut corporation tax further, to follow up Alastair Darling’s promise of a corporation tax review the day before. Both have been offered in an attempt to stop UK companies moving abroad. Speaking to the Institute of Directors he said:
Our aim, I tell you, is to reduce […]
Terry le Sueur, Jersey’s finance minister recently assured Jersey’s business community that it’s new zero ten tax system had met with approval by the EU.
There’s one problem with the assurance. It’s wrong. The EC will not have considered this issue as yet; it’s time scale would not allow that to have happened. As a result […]
There is a very obvious mood for reform of the EU Savings Tax Directive right now. The FT summarised it this morning, saying:
Germany’s call for a clampdown on European tax havens won support on Tuesday from a majority of the European Union’s 27 member states, determined to tighten rules on bank secrecy, which they see […]
The Times has reported that:
THE chancellor is to step up hostilities against Britain’s super-rich by pressing for sanctions against Monaco, the Mediterranean tax haven.
Under one proposal, to be discussed by Alistair Darling with European finance ministers on Tuesday, there will be a levy on any money transferred to a Monaco account from anywhere in Europe.
Withholding […]
More from the OECD tax conference in South Africa:
The OECD’s Deputy Secretary General, Pierre Carlo Padoan, says capital flight to tax havens is harming the continent’s development.
He says while Africa is beginning to fulfil its economic potential, better tax revenues are needed to finance the infrastructure and the skills needed for a vibrant economy.
Read the […]
