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.
At HMRC, Dmitri Surendran was responsible for leading the London team of the offshore, corporate and wealthy unit of the fraud investigation service
Mark McMullen joins the private client services team from Smith & Williamson
Research also finds that 84% of businesses believe that the government has not provided enough information about digital tax plans
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February