A working group examining the issue is looking at large public businesses and
high net worth individuals, but there is no mention of buy-out firms.
The OECD commissioned the review following the Seoul Declaration, a strongly
worded statement from OECD member countries on the risks to tax revenues.
The declaration raised concerns about ‘the increased flows of capital into
private equity funds and the potential issues this may raise for revenue
bodies’, but working papers on the scope of the post-declaration review have not
mentioned private equity taxation at all.
The private equity industry has faced an onslaught from critics who claim its
tax operations are shady and allow it to dodge tax.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states