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

Campaigners urge UK to press overseas territories for public registers

Tax campaigners criticised a lack of progress on setting a timeline for the UK’s overseas territories to make registers of beneficial ownership public, after a London summit failed to produce new commitments on transparency. But Theresa May is determined to pursue her predecessor David Cameron’s efforts to secure public registers, a government minister told members … Continue reading Campaigners urge UK to press overseas territories for public registers

UK lawmakers question OECD as forum, urge tax transparency push

A continuing lack of transparency in the UK's overseas territories and crown dependencies will significantly hinder efforts to curb global corruption, and more must be done to ensure that developing countries' voices are heard on international tax reform, according to a cross-party committee of members of Parliament. The International Development Committee welcomed the work done … Continue reading UK lawmakers question OECD as forum, urge tax transparency push

The state of the tax debate (1): The BEPS project

This is the first of two extracts from my talk on “BEPS day”, part of the Summer Tax Programme at the Centre for Commercial Law Studies, Queen Mary University of London on 16 June. I’m going to talk about the state of the debate around BEPS and tax avoidance, and the role played by the … Continue reading The state of the tax debate (1): The BEPS project