The government of the Philippines is to intensify its audits of big companies
in an effort to overcome collection shortfalls that have caused concern in its
attempts to balance the next Budget.
Teves, said he was developing a three-pronged strategy aimed at catching up
with revenue targets by year-end, the FT reported.
This would result in government strengthening tax audits, selling stakes in
large and profitable listed companies and trying to stop the loss of revenues
from generous fiscal incentives and lax tax treatment of self-employed
Teves said he wanted tax audits to make up a tenth of tax collections,
compared with the current 2%.
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed