Tax & Technical
Tax & Technical | 15 Dec 17
Scotland’s ‘hideously complex’ income tax plans
Scottish Government proposals for income tax rates have been criticised as too complex with tiny benefits for individuals.
Tax & Technical | 14 Dec 17
Consultation exposes potential CRS loophole
A global consultation on requirements for advisers to report offshore tax evasion strategies appears to highlight a potential loophole.
South Africa to reinstate tax courts
With a growing number of South Africans not submitting tax returns, the nation’s revenue service is looking at bringing back tax courts in a bid to step up its enforcement efforts.
Finance minister floats Singapore wealth tax
Singapore’s rich could face a tax on their privately-held wealth if the city-state’s finance minister follows through on an off-the-cuff remark he made on Thursday, but analysts are worried it could negatively impact Singapore’s reputation.
Best Practice | 7 Dec 17
Offshore advisers fear new regulatory burden from HMRC
Offshore advisers have given a cautious thumbs-up to additional requirements to tell HM Revenue & Customs when they set up complex offshore schemes but have expressed concern that legitimate schemes could be targeted as well as abusive ones.