How should we tax multinationals?

My Tax Analysts news story on the debate hosted by the Women in Tax network on November 20 is now free to view. Governments considering how multinationals should be taxed must address the erosion of public trust in tax administrations, while businesses continue to stress the importance of certainty in tax matters, panellists told a … Continue reading How should we tax multinationals?

UK mulls royalty withholding tax to target digital economy

The UK government is consulting on an extension of withholding tax on royalty payments and is prepared to take unilateral action if insufficient progress is made on multilateral solutions to challenges posed by the digital economy, according to a position paper released alongside the autumn budget. The challenge that digitisation poses for sustainability and fairness … Continue reading UK mulls royalty withholding tax to target digital economy

UK legislates for stand-alone customs regime and VAT changes

A bill to lay the foundations for a stand-alone, post-Brexit customs regime will help ensure “that goods can move smoothly and safely in and out of the UK, and that everyone pays the right tax,” the government said, a week after a parliamentary committee warned that failure to establish a Brexit-ready system would be catastrophic. … Continue reading UK legislates for stand-alone customs regime and VAT changes

Governments must address need to restore public trust in tax, adviser says

Governments considering how multinationals should be taxed must address the erosion of public trust in tax administrations, while businesses continue to stress the importance of certainty in tax matters, panellists told a conference hosted by the Women in Tax network at Pinsent Masons’s London office November 20. Alexandra Readhead, an international tax and extractive industries consultant, … Continue reading Governments must address need to restore public trust in tax, adviser says

Tax specialists advocate cautious response to Paradise Papers

More could be done to tackle tax avoidance and evasion, but it is important not to tar all offshore activity with the same brush in the wake of the Paradise Papers, UK tax professionals suggested. One expert said simplification could reduce opportunities for those who seek to abuse the system. As UK lawmakers and campaigners … Continue reading Tax specialists advocate cautious response to Paradise Papers

UK lawmakers debate EU withdrawal bill

The UK government stressed its intention to preserve the UK’s constitutional integrity while avoiding the creation of a hard border with Ireland, as members of the House of Commons began detailed scrutiny of the European Union (Withdrawal) Bill. James Brokenshire, secretary of state for Northern Ireland, has stressed that the government intends to “avoid any … Continue reading UK lawmakers debate EU withdrawal bill

UK government urged to implement public country-by-country reporting

The Paradise Papers revelations show that tax avoidance has become “a scourge on our society" and illustrate the need for public country-by-country reporting, Dame Margaret Hodge told members of the UK Parliament as she led an emergency debate November 14 while the government continued to defend its record of tackling avoidance and evasion. Hodge, chair … Continue reading UK government urged to implement public country-by-country reporting