Media mogul Rupert Murdoch could save up to £500m after moving the stock market listing of his family company to Bermuda.
Kayarem, now renamed Karlholt, was switched at around the same time Murdoch’s News Corporation left Australia to reincorporate in the US, another move to avoid the tough tax regime down under.
It is estimated that the change of location will save Murdoch £22m in stamp duty and capital gains tax of up to £500m, according to the Australian Financial Review.
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...