An online community with more than 35 million members worldwide is running a petition to pressure the Jersey government into creating a register of beneficial owners, like that announced by the UK last week.
Tax paid by so-called non-doms to the UK Treasury hit a record high of £6.8bn last year, according to data obtained by international law firm Pinsent Mason.
Invesco Perpetual has been fined nearly £19m by the Financial Conduct Authority for “exposing investors to greater levels of risk than they had led to believe”.
An exotic dance club that pursued legal action over the taxation of its services has had its case dismissed.
Formula 1 chief executive Bernie Ecclestone has avoided a tax bill of more than £1bn as a result of the HM Revenue & Customs allowing him to settle for just £10m, it has been alleged in a BBC Panorama documentary programme to be broadcast tonight.
Over 80% of the public are against plans by HM Revenue & Customs to sell the personal financial data of millions of taxpayers to private firms, a survey by Baker Tilly has found.
Financial Institutions have just under three weeks left to apply for a Global Intermediary Identification Number (GIIN),
Plans to remove a requirement to prove individuals with offshore accounts intended to evade tax are arguably a “blow to the rule of law in tax”, according to a partner at Baker Tilly.
Pensions expert Keith Boniface has come out of a short-lived retirement to launch a joint venture which looks to target US expats in a post-FATCA marketplace.
The UK Government today published details of its latest plans to ramp up pressure on tax evaders who hide money offshore, which include making it easier to prosecute them, with a prison sentence possible for those found guilty, even if, it is being suggested, they did not intend to evade taxes.
The UKs statutory residence test, which is a year old this month, has been described as a lonely beacon of light snuffed out by tax policy complexity, by a leading tax lawyer.
The revenue the UK Government will see in its coffers as a result of the Liechtenstein Disclosure Facility amnesty scheme "is likely to fall significantly short of its £3bn target", a UK law firm has predicted.
