Accountancy Age has reported that the Budget should raise £1.7 billion form anti avoidance measures, most aimed at companies. This, of course, is welcome, but we’ve a long way to go in thta case.
One of the really welcome changes has been the attack on partnerships and trust avoidance in controlled foreign companies. as the Age [...]
For those who don’t know today is UK budget day. This is what I want to hear and might hope for:
1) A commitment to introduce a general anti-avoidance principle to tackle tax avoidance;
2) A UK commitment to extending the EU Savings Tax Directive to companies and trusts and an undertaking to make sure our Crown [...]
The last few weeks have seen some extraordinary stories with regard to tax. The TUC have launched into this arena. I’m well aware I had a role in this since I authored their report on tax avoidance called The Missing Billions. That said, its reception has been broader than we could have hoped for.
The non-dom [...]
One of the most unexpected spin offs from my work for the TUC has been its use in a study of reactions to the report amongst younger people, now reported on the Guardian blog. Greg Philo, the research director of Glasgow University Media Unit, asked the question:
Are young people interested in politics? Certainly there are [...]
So he says. It’s in the Guardian.
I don’t like his comedy much. But I’ll respect him for this.
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CCH have issued a press release, which seems to have been posted in full on AccountingWEB, saying (in part):
HMRC has raised £415.3 million through investigations into business self-assessment forms over the past year, a 35% increase on last year when it netted £308 million in additional tax, interest and penalties, according to calculations made by [...]
Mondaq.com has an article by Katherine Shea of Cains, Solicitors of the Isle of Man, which says:
Latest figures released by research agency Hemscott show that, of the non-UK top 100 companies listed on the London Stock Exchange Alternative Investment Market (AIM), by far the greatest number are incorporated in the Isle of Man, equal to [...]
Prem Sikka hits the issue of tackling the tax gap, and the consequences for recession in the Guardian this morning. As he says:
With gloomy forecasts for the economy, the government needs to undertake radical tax cuts to avert a recession, not the ones demanded by the Confederation of British Industry (CBI) and the mega-rich, but [...]
I have submitted comment to HM Revenue & Customs’ consultation on Income Shifting by smaller businesses in the UK. I have called for the current proposals to be put on hold so that a longer consultation on change in the taxation of this vital sector of the UK economy can take place so that any [...]
According to the New York Times a US to professor, Susan Hamill, has suggested
that 18 US states seriously violate biblical principles in the way they tax and spend. She calls Alabama, Florida, Louisiana, Nevada, South Dakota, Texas “the sinful six” because they require the poor to pay a much larger share of their income than [...]
