The OECD has announced that six tax havens have made commitments to eliminate ‘harmful tax practices’ by the end of 2005. The organisation, which represents industrialised countries, is to publish a blacklist of around 47 jurisdictions suspected of harmful tax practices. This week it welcomed ‘advance commitments’ from Bermuda, Cayman Islands, Cyprus, Malta, Mauritius and San Marino just days before it was due to publish the report. The six jurisdictions, it said, had demonstrated their backing for international tax standards for transparency, exchange of information and fair tax competition. The report, due to be published on Monday, has been compiled by the OECD Committee on Fiscal Affairs and details the status of its work in eliminating harmful tax practices. Later next week, the OECD is due to launch a ‘global dialogue’ on the issue. www.oecd.org.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.