Tax Evasion
EU’s new tax avoidance law to target Channel Island schemes
Schemes involving transactions to low tax jurisdictions such as Jersey and Guernsey will need to be reported to the European Union, under new legislation aimed at tackling tax avoidance.
Spain urged to restore ‘Beckham’ tax law for footballers
Spanish club Real Madrid has called on the country’s tax authorities to reinstate the ‘Beckham law’ for foreign footballers following a string of high-profile tax fraud scandals, engulfing the biggest names in the sport.
EU forges ahead with adviser sanctions over tax avoidance
The European Union is pushing ahead with new rules that will force financial advisers to report “aggressive” tax planning schemes which help clients avoid paying tax, as it follows in the footsteps of the UK.
Best Practice | 7 Jun 17
Tax evasion crackdown will see wealth managers lose $13bn
Wealth managers around the world will lose around $13bn (£10bn, €11.5bn) of annual revenue due to a global crackdown on tax dodging as clients are set pull out $1.1trn out over the next few years, a new report suggests.
Tax & Regulation | 2 Jun 17
Celebrity film scheme to appeal £700m tax case decision
British investment advisory group Ingenious Media said it will appeal an August 2016 Tax Tribunal ruling on the status of its film production partnerships, which date back as far as 2002 and involve many famous actors and footballers.