Two institutes have joined forces in calling for the government to allow
businesses to bring offshore gains into the UK tax free and then concentrate on
In a letter to the Treasury’s financial secretary Jane Kennedy, the CIoT and
the ICAEW put more pressure on the Treasury to grant the long- awaited dividend
exemption before looking into the potential knock-on effects,
the FT reported.
Tax policymakers have raised concerns that the dividend exemption would see
companies pass ‘passive’ income from assets such as intellectual property
through controlled foreign companies in low tax jurisdictions.
However, advisers have said that the repatriation of funds onshore will
actually benefit the UK’s corporate tax take.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states