The head of a review into British offshore financial centres has defended
criticism of an interim report submitted to the Treasury before last week’s
Michael Foot said he has visited seven out of nine jurisdictions and explored
macroeconomic issues, tax and other transparency concerns.
‘We now want a wider range of consultation and that’s what we’ve focused the
progress report on,’ he said.
However, Richard Murphy, tax campaigner at the Tax Justice Network, said: ‘It
was initiated as a review of the financial services sector within these havens
and has now gone into issues of tax avoidance and evasion. The questions raised
show little awareness of tax avoidance and evasions, and are too narrowly
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
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