WITH RUPERT MURDOCH’S business empire under intense scrutiny, attention has turned to News Corp’s tax affairs.
Its latest annual statement to the Securities and Exchange Commission shows News Corp’s effective tax rate at 20%, compared to the US’ 35% corporate tax rate, reported the FT.
Tax advisors said News Corp had benefited from its use of low tax jurisdictions to recognise profits, deferring taxes and speeding up the depreciation of its assets.
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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