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Tax Avoidance

beijing-apple

Apple subsidiaries “not tax-resident anywhere”

Three Ireland-based subsidiaries of Apple appear to not be tax-resident anywhere on Earth, a US Senate committee says

21 May 2013

Lin Homer

Profession reaches end of its tether with PAC

After the Public Accounts Committee's latest hearing - in which it heavily criticised Google's tax affairs - many advisers have had enough

17 May 2013

Amazon box containing a question mark

Amazon back in firing line over £2.4m 2012 tax bill

Billions of pounds in sales to the UK public channelled through a Luxembourg affiliate

16 May 2013

Naming tax avoidance scheme promoters risky, warn tax heads

Naming and shaming tax avoidance promoters may simply advertise their services, institute tax heads warn lords

15 May 2013

Osborne calls on EU ministers to sign information-sharing deal

The chancellor calls on fellow European finance ministers to rubber-stamp an automatic tax information-sharing directive

14 May 2013

Decisive action needed on tax disclosure

A shift towards greater tax transparency is inevitable for both practice and business, but under what guise?

09 May 2013

Greater tax transparency “may not be panacea”, warns E&Y

Introducing greater tax transparency could both hurt business and still not provide further understanding to stakeholders, Ernst & Young warns

08 May 2013

Colin: Google 'double take'

Colin takes a somewhat irreverent look at the Public Accounts Committee's work

03 May 2013

Interview: Exchequer secretary David Gauke

Exchequer secretary to the Treasury David Gauke talks tax, RTI, business and the accountancy profession

25 Apr 2013

HSBC and Barclays in £2.6bn tax shortfall, says Tax Justice Network

A report produced by Tax Justice Network suggests Barclays and HSBC underpaid corporation tax by £2.6bn

25 Apr 2013

Has partners' tax status been turned upside down in the Budget?

Lawyers consider the implications of government plans to crack down on 'partners' who are, in fact, 'employees' for tax purposes

19 Apr 2013

GAAR guidance sensibly manages expectations

After months of speculation and uncertainty, HMRC's efforts to manage what is expected of the General Anti-Abuse Rule are sensible, but could be too late

18 Apr 2013

Taking Stock: Avoiding avoidance at Portcullis House

TS attended a an international tax avoidance debate at Portcullis House

18 Apr 2013

HMRC appoints head of GAAR advisory panel

Guidance illustrating the scope of the General Anti-Abuse Rule is released alongside news of Patrick Mears' appointment

16 Apr 2013

Barclays’ tax avoidance division generated £1bn annually

A report conducted by City lawyer Anthony Salz finds Barclays' now-defunct tax avoidance division generated £9.5bn for the bank

04 Apr 2013

GAAR will “cause confusion and chaos”, say advisers

Advisers warn that without clear definition of the GAAR's scope, there is likely to be confusion over the kind of arrangements it will catch

03 Apr 2013

Finance Bill 2013 includes anti-avoidance provisions

Highlights of the Finance Bill 2013 include the introduction of the General Anti-Abuse Rule

02 Apr 2013

HMRC closes £60m Land Securities/Morgan Stanley scheme

A tax avoidance scheme involving Land Securities and Morgan Stanley is shut down by the upper-tier tribunal

28 Mar 2013

Budget 2013: Osborne continues crusade against avoidance

The chancellor reiterates the government's hardline stance on tax avoidance and evasion in his 2013 Budget statement

20 Mar 2013

Budget 2013: £1bn Corporation tax loss-buying abuse blocked

Companies selling their losses off to unconnected third parties in order to gain tax reliefs will no longer be able to use loopholes

20 Mar 2013

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Organisations are now looking for a software service that is cost effective, flexible, streamlined and able to meet the needs of the business both today and in the future

Profession reaches end of its tether with PAC

After the Public Accounts Committee's latest hearing - in which it heavily criticised Google's tax affairs - many advisers have had enough

#AAYP 2013: Talent is ageless, but youth unemployment is a problem

The principles of developing future leaders apply whether you've just left school or got years of experience under your belt

To quota or not to quota: that is the problem

Women on board quotas may have a bad rep, but it’s the only way to address inherent bias argues Fiona Hotston Moore

infrastructure-growth

Should practice ownership structures break with tradition?

Incentivising accountancy practice staff will mean a new way of thinking. Robert Postlethwaite considers the options

Success of FRS 102 needs to be replicated on going concern

The consultation process for FRS 102 was arguably the most wide-ranging the FRC has ever conducted. It should apply the same rigour to going concern

Colin: Colin was here

Colin loves to be the centre of attention, as the Sky News Twitter account can testify

Taking Stock: Life in the slow lane

It was less Wacky Races and more Sunday driving as a team from Reeves helped raise £15,000 for charity as part of a race to Monaco

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Briefings

budget-management

Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.

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iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.