A €100BN (£86.5bn) windfall could swell G20 coffers if an assault on tax evasion is launched, according to Paris-based think-tank the OECD.
A survey of 20 rich and poor countries found that anti-evasion measures had recouped $14bn in unpaid tax on assets worth up to €150bn. OECD tax policy and administration director said the figure was the ‘tip of the iceberg’ with hundreds of billions of dollars likely to be held offshore, reported The Guardian.
More G20 governments yesterday agreed to co-operate on tax evasion, signing up to an anti-tax evasion convention.
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