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TAX NEWS

Panama Papers: 22 people face tax evasion investigations in UK

Panama Papers: 22 people face tax evasion investigations in UK
By Holly Watt and David Pegg Chancellor tells MPs another 43 wealthy individuals are under review as a result of inquiries following Mossack Fonseca leak Twenty-two people face civil and criminal investigations into suspected tax evasion...

EU Countries Block Use of Rates as Tax Haven Criteria

EU Countries Block Use of Rates as Tax Haven Criteria
By Joe KirwinNov. 4 — A “number” of European Union countries are blocking a push to include zero corporate tax rates as criteria for the bloc’s tax haven blacklist, according to Slovakia, which holds the rotating EU presidency. EU members have been...

French prosecutor calls for HSBC to stand trial for alleged tax fraud

French prosecutor calls for HSBC to stand trial for alleged tax fraud
By Julia Kollewe, Jill Treanor If case goes to trial, HSBC would face charges that its Swiss subsidiary helped customs hide assets from tax authorities HSBC could face trial for alleged tax fraud in France over the activities of its Swiss ...

Abolish 20 taxes and set 15% flat rate of income tax in UK, says report

Abolish 20 taxes and set 15% flat rate of income tax in UK, says report
By Larry Elliott Economics Editor Institute for Economic Affairs says changes would make those at top 13% better off, but incomes of those at bottom would rise 26%  National insurance, business rates, stamp duty, the TV licence fee and excise duties on ...

Seven bodies meet Treasury challenge on tax avoidance

Seven bodies meet Treasury challenge on tax avoidance
The government has given its backing to moves by seven leading tax and accountancy bodies to update their code of conduct in relation to tax planning and avoidance And it is looking to introduce similar principles for the legal profession.

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