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TAX NEWS

U.K. Lawmakers Begin Probe Into $18 Billion of Missing VAT

U.K. Lawmakers Begin Probe Into $18 Billion of Missing VAT
U.K. lawmakers are starting inquiries into tax collection, avoidance and evasion after estimating the Treasury was unable to collect 12.6 billion pounds ($18 billion) of value-added tax in the 2015-16 fiscal year. The Treasury Committee, which scrutinizes the...

Tax avoiders’ accountants may have to give evidence to MPs

Tax avoiders’ accountants may have to give evidence to MPs
Subcommittee of MPs to investigate facilitation of avoidance, in wake of Panama and Paradise Papers.Tax avoiders’ accountants face being forced to give evidence before MPs after a Commons committee announced a series of inquiries in the wake of ...

May says EU looking at interim taxes on digital firms

May says EU looking at interim taxes on digital firms
LONDON (Reuters) - Britain and the European Union are looking at whether interim taxation is needed to ensure digital firms are paying the right amount of tax, Prime Minister Theresa May said on Monday.“We believe that the best result is an international ...

Cynthia Nixon slams New York's film industry tax breaks - which saved her 'Sex ...

Cynthia Nixon slams New York's film industry tax breaks - which saved her 'Sex and the City' movies more than $13MILLION in taxes
Miranda Hobbes could be biting the hand that feeds her.    Cynthia Nixon wants to limit the film industry tax breaks that benefited both Sex and the City movies.  The two films, based on the hit HBO show, received a total of $13.6million in ...

Companies that pay less tax create fewer jobs, Labor research shows

Companies that pay less tax create fewer jobs, Labor research shows
Shadow assistant treasurer Andrew Leigh’s paper finds companies paying less than 25% tax are shedding jobs.Companies paying a lower effective rate of tax have a worse record on job creation than those paying closer to the full 30% tax rate, new research by ...

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Who's behind the blog

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