a post on the Out-Law.com blog
The new UK tax charge on multinationals using intangibles held in low tax jurisdictions to generate UK revenue could give rise to "serious" compliance issues for non-UK companies as well as their UK affiliates, according to Jason Collins, a tax disputes expert at Pinsent Masons, the law firm behind Out-law.com.16 Jan 2019
…
"It is also disturbing that – probably in acknowledgement that the current legislation is defective - the Treasury will have incredibly wide powers to amend the provisions by statutory instrument. The government should delay the measure and not rush it through without proper consideration," he said.
The Continue reading fits in between the two above paragraphs
Hmmmmmmmmm
Statutory Instruments are not the way to go. I try to keep an eye on them via The Inner Temple Library service but there is only so much I can monitor.
Showing posts with label corporate_tax. Show all posts
Showing posts with label corporate_tax. Show all posts
Friday, 18 January 2019
Tuesday, 28 November 2017
Excellent, plain-language explainer on corporate and 1 percenter tax evasion, with a simple solution
a post by Cory Doctorow for the Boing Boing blog
The New York Times has collaborated with Berkeley economics prof Gabriel Zucman to produce an interactive explainer that walks through the baroque tax-evasion strategies deployed by multinationals like Google and Apple, as well as the super-rich, using plain language and explanatory graphics to get past the deliberately eye-glazing tedium of these arrangements, a shield of boringness that has allowed the super-rich to hide $8.7 trillion from tax authorities while taking advantage of national courts, education, roads, police, and health care.
This system of representation without taxation gives the wealthy the best of all worlds: tiny and giant countries alike scramble for crumbs from the ever-more-rich 1 percent, tilting policies in their favor.
Go straight to
How Corporations and the Wealthy Avoid Taxes (and How to Stop Them) [Gabriel Zucman/New York Times]
The amounts involved are mind-blowing but the interactive chart explains very clearly how companies can avoid paying tax. Evasion is something else.
The New York Times has collaborated with Berkeley economics prof Gabriel Zucman to produce an interactive explainer that walks through the baroque tax-evasion strategies deployed by multinationals like Google and Apple, as well as the super-rich, using plain language and explanatory graphics to get past the deliberately eye-glazing tedium of these arrangements, a shield of boringness that has allowed the super-rich to hide $8.7 trillion from tax authorities while taking advantage of national courts, education, roads, police, and health care.
This system of representation without taxation gives the wealthy the best of all worlds: tiny and giant countries alike scramble for crumbs from the ever-more-rich 1 percent, tilting policies in their favor.
Go straight to
How Corporations and the Wealthy Avoid Taxes (and How to Stop Them) [Gabriel Zucman/New York Times]
The amounts involved are mind-blowing but the interactive chart explains very clearly how companies can avoid paying tax. Evasion is something else.
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