hmrc claims 100m victory in offshore tax evasion
A “serial avoidance promoter” has lost its third attempt to appeal a decision by HM Revenue & Customs that an offshore scheme it was running avoided tax illegitimately.
Tax & Regulation
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gibraltar reported planning new regs for pensions
The Government of Gibraltar is consulting its pensions and trusts industries on new regulations that would be aimed at the jurisdiction’s pension fund and QROP scheme administrators.
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irs brass says no more fatca delays
A top official of the US Internal Revenue Service has told a New York audience of lawyers and tax experts that the Foreign Account Tax Compliance Act will not be postponed again‚ a US law journal has reported.
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republican party committee votes in favour
The Republican Party has formally approved a resolution that calls for the repeal of the Foreign Account Tax Compliance Act.
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judicial review cases against hmrc leap
The number of judicial review applications made against HM Revenue & Customs has jumped by nearly a third, according to figures obtained by law firm Pinsent Masons.
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republican party to vote to repeal fatca
The Republican Party is expected to approve a resolution this week that will call for the repeal of the Foreign Account Tax Compliance Act‚ according to a report published by the Reuters news agency.
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dc judge says us banks must provide
In what is being seen as a major blow to US opponents of FATCA‚ a federal court judge has ruled that US banks must provide information to foreign governments on the accounts they hold of these countries' citizens‚ in the same way the US expects foreign institutions to furnish details of the overseas accounts of…
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fatca could be delayed again cna
A report published by Taiwan’s Central News Agency on Sunday has suggested that the Foreign Account Tax Compliance Act may be about to be delayed again‚ for another six months.
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hmrc warns swiss accounts of investigation
HM Revenue & Customs is getting ready to send out a second targeted tranche of letters later this month aimed at taxpayers who may be impacted by the UK/Swiss Tax Cooperation Agreement.
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irs watchdog says its offshore voluntary
The Internal Revenue Service has been too hard on those Americans who have come forward in recent years to disclose their unreported overseas bank accounts‚ according to a Congressionally-appointed watchdog.
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blackrock under fire from italian regulator
BlackRock is under formal investigation by Italian securities regulator Consob due to alleged insider trading of shares in Italian oil and gas company Saipem.
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ex ubs banker weil pleads not guilty
A former UBS bank executive pleaded not guilty in a federal court in Florida yesterday to fraud conspiracy charges in connection with a landmark US tax evasion case.