Footballer to pay €2m to settle Spanish tax fraud case
Former Manchester United winger Angel di Maria has agreed to pay €2m ($2.2m, £1.76m) to settle tax fraud charges in Spain in the latest high-profile tax scandal to rock the football industry.
Tax Avoidance
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HMRC frames new string of conditions for APN avoiders
HM Revenue & Customs has set out a string of new conditions under which it may extend the time allowed to pay a tax bill under an accelerated payment notice (APN).
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EU forges ahead with adviser sanctions over tax avoidance
The European Union is pushing ahead with new rules that will force financial advisers to report “aggressive” tax planning schemes which help clients avoid paying tax, as it follows in the footsteps of the UK.
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Canadian taxman to net $9.6bn in evasion clampdown
The Canada Revenue Agency (CRA) is on track to capture more than C$13bn (£7.5bn, $9.6bn, €8.6bn) in taxes owed after committing “important resources” to crack down on tax cheats, both at home and abroad, the country’s taxman has confirmed.
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Film scheme for the stars loses £700m tax avoidance case
A film scheme that counted David Beckham, Wayne Rooney and Gary Lineker among its investors has lost a court challenge on a technical point linked to First Tier Tax Tribunal decision which had resulted in an extra £700m ($899m, €802m) tax bill.
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UK leader steps up adviser clampdown over tax avoidance
The UK’s Conservative Party has said it plans to impose “tougher regulations” on advisers who use aggressive tax planning as one of its campaign pledges ahead of next month’s general election.
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Labour’s 17-point tax avoidance clampdown plan
As voting day for the UK general election rapidly approaches, the Labour party has spelled out a wide-ranging 17-point plan to tackle tax avoidance and public filing of the tax returns of wealthy individuals earning more than £1m.
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EU eyes ‘hard law’ approach to regulating advisers
The European Commission could follow in the footsteps of the UK by imposing fines and other disciplinary measures for advisers, who use “aggressive” tax planning schemes to help their clients avoid paying tax.
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Swiss ‘spied’ on German officials investigating tax dodgers
A Swiss national arrested in Frankfurt last week for spying on German tax officials allegedly recruited informants inside the country’s largest finance ministry to gather information on tax investigators.
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Five UK Budget proposals at risk from the snap election
British prime minister Theresa May has called a snap election on 8 June, a decision which may have a knock-on effect on some of the new measures announced in the Spring Budget last month. Here’s a list of proposals which could either be rushed through or delayed as the UK prepares to go to the…
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UAE joins global fight against offshore tax evasion
The United Arab Emirates formally signed up to what the OECD calls ‘the most powerful multilateral treaty against offshore tax evasion and avoidance’, on Friday.
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Sweden to target advisers in tax avoidance clampdown
The Swedish government is looking at introducing measures that would force tax advisers to report clients who use “aggressive” tax planning schemes to avoid paying tax.