Germany plans to involve EU in tax evasion probe
Germany plans to involve EU counterparts in its probe into Liechtenstein's bank accounts
Germany plans to involve EU counterparts in its probe into Liechtenstein's bank accounts
Tax evasion linked to the Liechtenstein tax haven, the subject of a
German-led probe world wide, will be on the agenda at a meeting of EU finance
ministers on March 4.
Ulrike Abratis, a
German
Finance Ministry spokeswoman, told
Bloomberg.com
yesterday German Finance Minister Peer Steinbrueck would make a statement. ‘You
can be certain that the subject of tax evasion will play a role,’ she said.
The Czech Republic, Spain, Italy and Finland yesterday confirmed their own
probes into possible tax avoiders with Liechtenstein bank accounts, joining
countries such as the US, Canada and Australia already involved in the worldwide
investigation. Of the 15 countries so far planning probes, 10 are EU members.
‘What really irritates is that Liechtenstein gets all the benefits of being
embedded in the European Union without showing any responsibility to play by the
rules in this urgent matter,’ Elmar Brok, a German member of the European
Parliament, said.
Further reading:
Taxman swoops on 20 wealthy Aussies
195 confess in German tax probe
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceThe upcoming tax changes in 2024 will significantly impact businesses and individuals in the UK. Accountants play a crucial role in helping clients na...
View articleUHY Hacker Young and audit engagement partner Martin Jones face fines of more than £300,00 following Laura Ashley audit breaches. Read More...
View articleIt is hard to argue that the Taxes Management Act 1970 (TMA), wouldn’t benefit from some substantial updating. It came into force back in the mists of...
View articleMorton became Tax Director of the Office of Tax Simplification, an independent office of HM Treasury, in 2017 Read More...
View articleThe Low Income Tax Reform Group believes the government should have included tax initiatives in its plans for disabled people and employment Read More...
View articleThe Upper Tribunal has rejected an appeal from HMRC in a case relating to the taxation of termination payments made to football player employees of To...
View articleThe revised guidance sets out the circumstances under which trustees need to disclose the identities of beneficiaries to HMRC Read More...
View articleAlthough the concept of a £1,000 tax-free allowance sounds very simple, there are a number of complexities of which taxpayers and advisers need to be ...
View article