Tax authorities around the world are successfully targeting companies over
their treatment of internal transactions, in order to increase their tax
A new survey of 476 companies across 22 countries found that nearly
two-thirds of those asked had been challenged over their tax treatment of
internal transactions in the last three years, while more than 40% of these
audits subsequently resulted in adjustments being made by the tax authorities.
Transfer pricing, which involves transaction between subsidiaries, accounts
for more than half of world trade, and many tax authorities believe
international companies use this technique to avoid tax by moving profits to
low-tax nations, according to the Financial Times.
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