Hundreds of millions of euros could be cut fro the tax bills of multinational
companies and fund managers if a preliminary ruling at the European Court of
Justice on ‘withholding’ taxes comes into force.
If the decision is upheld, it would force government’s to reform how they tax
income that is being sent abroad, to the benefit of the companies involved.
The case was initially brought against the French government for imposing a
higher tax burden on dividends destined for a Dutch parent company than for
those given to French parent companies. ECJ advocate-general, Leendert Geelhoed,
said the practice was ‘quite patently discriminatory’, according to the
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...