The BBC has reported that: Carlyle Capital Corporation (CCC), a unit of the private equity firm Carlyle Group, has said it will not be able
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The Tax Gap: £1,500 a year for every household
The TUC issued this press release today: HMRC say tax avoidance could be costing every household more than £1,500 a year In a document published
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Deloittes, making themselves look stupid
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
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My del.icio.us bookmarks for March 12th
These are my links for March 12th: Budget reaction: Non dom policy ‘grave disappointment’ – Accountancy Age – Ernst & Young are easily diappointed is
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Tescos: After meeting their tax director I’m convinced they avoided UK corporation tax, and stamp duty too
I met with Tim Voak, Group Tax Director and Emma Reynolds, head of Government Affairs at Tescos yesterday. It’s true that they had not planned
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Tesco’s Stamp Duty Abuse is caught
Tescos was avoiding stamp duty in its Cayman joint ventures. This has been stopped in the budget. The budget notes say: Who is likely to
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So near, but so far from catching private equity
The Budget contains revisions to the rules for employment related securities relating to people who are resident but not ordinarily resident in the UK. These
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This one is going to cause some fun
The Budget notes say (page 246) that: Transfer of Assets Abroad 27. Anti-avoidance legislation designed to prevent individuals from avoiding income tax by transferring assets
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Change in the residence test
The Budget changes the test for resident days in the UK (page 239) You now have to be in the country at midnight. This overcomes
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