eu parliament votes in favour of public
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.
Tax & Regulation
-
-
australias regulator to monitor fofa changes
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.
-
hmrc under fire over plans to force payment
Proposals by HM Revenue & Customs to group together similar tax avoidance cases have come under further fire from industry experts.
-
Celebrities in firing line as HMRC looks to recoup
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.
-
caymans financial services businesses weigh in
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.
-
hmrc proposals to help clear tax avoidance case
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).
-
victory over hmrc paves way for repayment claims
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.
-
dj chris moyles and former liontrust manager
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.
-
consultation closes today on hmrc plan
A consultation closes this evening on a plan that would enable HM Revenue & Customs to be able, in certain cases, to demand upfront payment of tax it claims it is owed, but which is in dispute.
-
us treasury irs issue final fatca regs
The US Treasury Department and Internal Revenue Service on Thursday issued the long-awaited final tranche of regulations spelling out how foreign financial institutions are to comply with the Foreign Account Tax Compliance Act, which takes effect on 1 July.
-
jersey regulator seeks powers to quiz employees
Jersey’s financial regulator may have new powers by the beginning of September this year, enabling it to question former employees of firms which are under investigation.
-
german swiss tax deal similar to
A deal that would have enabled Germans with undeclared assets in Swiss institutions to pay the back taxes they owe without having their identities revealed is “dead and buried” because of public opposition, Bloomberg has reported.