The tax claim against
Valentino Rossi, the
motorcycling champion, has risen to £75m. This is made up of £40m in unpaid
taxes as well as a fine and interest.
The seven-time world champion is being sued for the money by the Italian tax
authorities as part of a massive government crackdown on tax avoidance.
The campaign is being led by prime minister
Romano Prodi, who says
tax avoidance is crippling the economy.
Rossi, 28, a seven-time world champion who claims to have settled in London,
has paid almost no taxes in Italy since 2000. The Italian tax authorities insist
he remains in effect a resident of Italy.
Crowe Clark Whitehill , the top 20 accountancy firm, has announced the promotion of Chris Mould to partner
The latest opinions from Accountancy Age on Making Tax Digital, and outline plans to evolve the UK's corporate governance regime
Five million taxpayers are ow using digital personal tax accounts (PTA) as part of the making tax digital strategy, HMRC said
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