UK Prime Minister Gordon Brown is soon to face increased scrutiny over his
stance on offshore tax centres in the lead up to a meeting of Commonwealth
leaders later this year.
Several Commonwealth jurisdictions are also in the scope of being labelled
tax havens, in addition to collecting revenue for the UK from financial services
industries, according to
Anthony Travers, chairman of the Cayman Islands Financial Services
Association and the Cayman Islands’ Stock Exchange, reaffirms the offshore
centre as being transparent and in line with OECD guidelines.
He condemned recent criticisms made by Brown and US President Barack Obama,
and said tax policy measures adopted, including the UKs new 50% income tax rate,
will compel businesses and individual taxpayers to seek more competitive tax
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
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
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed