Arthur Sinodinos, the Australian government official who was one of the main proponents of a plan to weaken FOFA, Australia’s recently-enacted financial services reforms package, is to “stand asidefollowing revelations about his connection to an ICAC [Independent Commission Against Corruption] inquiry in New South Wales”, The Australian is reporting today.
Peter Harwood, Guernseys former chief minister, has vigorously denied allegations made by satirical magazine Private Eye about the actions of former board members of the now liquidated Channel Islands Stock Exchange.
The three-and-a-half year sentencing of Bayern Munich president Uli Hoeness last week for tax evasion has lead to calls for tougher attitudes toward tax cheats from senior German lawmakers.
A former Playboy bunny and the president of Bayern Munich football club were both jailed for tax evasion today.
The ultimate owners of companies and trusts will have to be listed in public registers in EU countries, under draft anti-money laundering rules approved by the European Parliament on Tuesday.
The man behind plans to make major changes to Australia’s answer to RDR, assistant treasurer Arthur Sinodinos, took to Australian national television Tuesday night to discuss the controversial plans, and revealed that the Australian Securities and Investments Commission would be tasked with monitoring the changes, if they go ahead.
Proposals by HM Revenue & Customs to group together similar tax avoidance cases have come under further fire from industry experts.
Celebrities including David Beckham and Andrew Lloyd Webber could face a bill of £1bn after a film scheme they invested in is accused of tax avoidance.
As the deadline for public comment passed last week on a proposal to implement a public registry of beneficial owners in the Cayman Islands, companies and organisations with a presence there weighed in on the matter with most expressing criticism of the plan.
Controversial HM Revenue & Customs proposals hoping to tackle the backlog of outstanding tax avoidance cases have come under fire from the Chartered Institute of Taxation (CIOT).
HMRC last week lost a case in the UKs Supreme Court which could have a widespread impact on how company contributions to pension schemes are treated.
A tax avoidance scheme used by celebrities and fund managers, including one-time Radio 1 DJ Chris Moyles and former Liontrust fund manager Eoghan Flanagan, has been closed down by HMRC.
