Several low-tax nations highlighted by Obama in his proposed crackdown on tax
avoidance by US multinationals say they are offended by the US president’s
‘We’re not happy,’ said Jan Kees de Jager, the Netherlands’ finance
secretary, in the Financial
Times. ‘We have a very transparent policy and we’ll work with the US. I
expect there’ll be a clarification [by the US administration] and we’ll not end
up on lists like this in future, between Bermuda and Ireland.’
The Netherlands has a corporation tax rate of 25.5% on average by world
standards. The tax rate is not used as the main enticement for foreign firms.
But it has no taxes on capital gains and low taxes on dividends, making it an
attractive place to domicile a subsidiary holding company.
The Cayman islands warned of the dangerous consequences of the proposed
changes, including inefficiencies in international trade.
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...