Financial services companies are bracing themselves for the impact of a new
tax evasion clampdown being finalised in the US which could cost millions.
The US Treasury is shaping plans to make banks, hedge funds, and insurers
worldwide surrender up to five million account details in efforts to foil tax
The move has generated criticism from insurance industry representatives,
because of the potential cost of overhauling information systems.
Peter Vipond director of taxation at the Association of British Insurers
City AM: “UK insurers represent no significant risk to US tax revenues and
we are keen to avoid unneccessary and onerous costs on the industry that will
ultimately be borne by all policyholders.”
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