Use of tax havens heightens scrutiny

Posted on

FT.com / UK - Use of tax havens heightens scrutiny.

Companies doing deals in tax havens are facing tougher scrutiny from authorities, according to a survey by Ernst & Young, the professional advisory firm.

Deals involving low-tax jurisdictions were flagged for extra attention by about half of the 49 tax authorities across the world that participated in the survey. "Transactions with 'tax haven' jurisdictions . . . are increasingly likely to be scrutinised and formal 'watch lists' are becoming more common," it said.

Rightly so.

Of course, country-by-country reporting would help every tax jurisdiction in the world in undertaking these risk assessments.


Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:

You can subscribe to this blog's daily email here.

And if you would like to support this blog you can, here: