uk sixth highest tax burden in world
The UK has the ninth highest tax burden on those earning $200,000 per year and the sixth highest for those earning $1.5m, according to a new report based on analysis of 26 countries.
The UK has the ninth highest tax burden on those earning $200,000 per year and the sixth highest for those earning $1.5m, according to a new report based on analysis of 26 countries.
Guernsey is asking islanders and island business leaders whether it should adopt a Retail Distribution Review similar to that about to take effect in the UK.
HM Revenue & Customs is increasingly turning to the use of informers, including former spouses, to increase tax revenue, according to UK-based law firm RPC.
The European Commission is putting pressure on the UK to review “discriminatory” rules which mean that transfers between domiciled and non-domiciled spouses are subject to inheritance tax.
HM Revenue & Custom’s increasingly aggressive approach to tax avoidance has led to a 64% rise in the revenue it generated from investigations into self assessment tax returns in the 2011-2012 tax year.
It is unlikely that there will be any further extensions or delays in FATCA deadlines following last week’s extension announced by the US authorities, according to international law firm Withers.
The Isle of Man’s financial regulator has underlined the importance of getting it right when it comes to advising on the tricky area of pension transfers by issuing a new set of guidance notes.
America's tax authorities have delayed the starting dates of key parts of FATCA for those non-US financial institutions in countries not covered by an intergovernmental agreement with the US.
The House of Commons’ public accounts committee in the UK is considering an inquiry into international tax avoidance, according to a report in the Financial Times.
Societe Generale’s high profile rogue trader Jerome Kerviel lost an appeal against fraud charges in France yesterday as across the pond ex-McKinsey and Goldman Sachs director Rajat Gupta was found guilty of feeding tips to a friend outside the firm.
A long-running effort to bring US accounting rules into line with global standards that were created in 2005 may be at risk, after having slowed down recently over key areas of disagreement, a report by a party to the convergence effort has said.
The Manx Insurance Association is ‘confident’ that its members are in a position to offer RDR compliant products and services for business written from 2013.