The tax shelter to protect share option gains is not deemed improper and E&Y stands by it. But the US Inland Revenue Service has started a court case to investigate the tax arrangement of Sprint chief executive William Esrey and chief operating officer Ron LeMay, according to a report in the Financial Times
The outbreak of corporate scandals has reduced board tolerance on the integrity of executives, and they now clamp down on practices they used to ignore. Some industry consultants have warned that ‘good executives’ could be ousted for using legitimate tax practices.
IR35 employment status tax rules may result in workers losing part of their income, says professional body
Committee expresses concern about costs to businesses and April 2018 implementation date
Drastically fewer offices for HMRC in the hope to reduce their running costs
An 80% increase in additional revenue for HMRC coincides with a crackdown on income tax avoidance