The move to get US private equity firms and hedge funds to pay more taxes has
hit speed bump with reports that legislative tax writers are adopting a more
According to the Washington
Post, a bold version of the new rules would have a good chance at
passing in the House of Representatives
before year’s end, but would have a harder time convincing the Senate and
The paper said the chairman and the ranking Republican on the Senate Finance
Committee had not yet decided whether they favour raising tax rates on the
profit paid to fund managers and therefore will go slowly on the issue.
The decision to revise the tax rules followed private-equity firms starting
to sell themselves to the public and being forced to disclose the millions of
dollars earned by their managers.
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...