Sir Elton John is suing the tax authorities in Georgia, claiming his
penthouse in Atlanta is overvalued, in effort to cut his tax bill.
The singer claims his $4.6 million (£2.5 million) 1,100 sq metre property is
actually worth $900,000 ($486,000) less, something which could save him $16,000
(£8,640) a year.
If he loses the case it would cost him $77,250 (£42,000.)
Sir Elton’s tax adviser, Craig Klayman was quoted in Pink News as
saying the figure was too high when compared to what ‘everybody else is valued
The judge has asked both sides to solve the row through mediation.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy