US president Barack Obama is proposing to nearly double the funds available
for tax enforcement, taking the total budget to $2.1bn within five years.
The budget plan also calls for $12.1bn for the Internal Revenue Service for
fiscal 2010, which begins on 1 October.
It includes $890m to boost tax enforcement both domestically and for
overseas investigations, which is $400m more bigger than the 2009 budget.
Earlier in the week, Obama offended a number of tax havens when he announced
a series of measures to overhaul corporate tax rule and close loopholes in order
to raise $210bn over 10 years.
Speaking in the House of Commons minutes after triggering Article 50, prime minister Theresa May said that it was a 'historic moment from which there can be no turning back'
MTD represents 'the single most significant change to the UK’s system of taxation in recent times', says Knill James partner Nick Rawson. So, how prepared are SMEs for digital tax reporting?
Legislation on the NICs changes to be brought forward in the autumn following publication of 'the full effects of the changes to Class 2 and Class 4' in the summer
The SME community voices concern about the chancellor's measures in the Spring Budget