HMRC faces fresh criticism over conduct
HM Revenue & Customs has been accused of “railroading” taxpayers into making payments, in yet another scathing assessment of its approach to tax avoidance.
Tax & Regulation
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Bahamas labels oecd tax sharing forum flawed
The Bahama’s financial services minister Ryan Pinder has called the OECD’s initiative for automatic exchange of tax information between jurisdictions a “flawed” concept, arguing the case for bilateral rather than multilateral agreements.
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Liechtenstein signs FATCA agreement with US
Liechtenstein has signed an agreement with the US in order to assist with the implementation of FATCA.
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Credit Suisse pleads guilty in US court
Credit Suisse has pleaded guilty to conspiracy to assist US customers in presenting false income tax returns and has paid a settlement to the US Government of $2.8bn.
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Industry professionals split over public banking
Industry professionals have shown polarised views towards David Cameron’s plans to make registers of beneficial ownership publically available throughout the UK and crown dependencies.
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Jersey Finance to expand representation
Jersey Finance is to put a man on the ground in Shanghai from the beginning of next month.
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HMRC scores victory over notorious advisory firm
HM Revenue & Customs has scored its fifth victory against an advisory firm after defeating another of its schemes at a tax tribunal.
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Gibraltar signs FATCA agreement with US
Gibraltar has signed an intergovernmental agreement (IGA) with the United States, a step towards FATCA compliance.
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HK US conclude FATCA talks sign pact
Hong Kong and the United States have concluded their discussions on the implementation of the Foreign Account Tax Compliance Act, with Hong Kong expected to sign a model 2 intergovernmental agreement later this year.
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Take that stars face multi million pound
Gary Barlow and fellow Take That stars, Howard Donald and Mark Owen, along with around 1,000 other wealthy investors, are facing hefty tax bills after a tribunal ruled on Friday they were invested in illegal tax avoidance schemes.
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Considerable concern at HMRC plan to lift
The commons treasury committee has expressed considerable concern at proposals to grant HM Revenue & Customs the power to take money directly from the bank accounts of tax avoiders.
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When regulators strike
International Adviser highlights several instances where regulators have fined companies that refused to play by the rules.