Tax & Regulation
Tax & Regulation | 22 Nov 12
top twenty tax systems in the world
The United Arab Emirates ranks the best in the world as a tax system where medium sized businesses can flourish, according to tax and accountancy practice PwC’s highly regarded 2012 global tax league report.
Tax & Regulation | 21 Nov 12
hmrc shuffles staff handling ldf disclosures
HM Revenue & Customs has shuffled its team of agents who handle Liechtenstein Disclosure Facility disclosures, to the frustration of some specialist tax experts who say they are now having to start from scratch in developing a working relationship with their counterparts at the Revenue.
Tax & Regulation | 21 Nov 12
new us money transfer rules seen welcome
New US regulations governing the way US institutions send money abroad on behalf of individuals are being cautiously welcomed by advisers and currency trading experts outside the US. But some worry they could be too onerous, at least in the beginning.
Tax & Regulation | 21 Nov 12
hmrc struggles to deal with tax avoidance
HM Revenue & Customs is currently investigating 41,000 cases of tax avoidance in the UK with an estimated £10.2bn at stake, according to a detailed report conducted by the National Audit Office, which said “there is little evidence HMRC is making progress in preventing the sale of highly contrived tax avoidance schemes”.
North America | 20 Nov 12
turning away us clients will not save you
The Chartered Institute for Securities & Investment (CISI) has accused the US of "behaving like a bully" in imposing unfair costs on UK investment managers through the implementation of FATCA.