FTT Will Hit UK Revenues Even With Opt Out

by Robert Lee, Tax-News.com, London

Last updated 95 minutes ago | Wednesday, February 08, 2012

David Cameron's refusal to sign a new European Union deal will not shield the UK from the impact of a financial transaction tax, Ernst and Young has said. Read Full Story

UK Extracts Record Tax Revenues From Big Business

by Robert Lee, Tax-News.com, London

Last updated 26 hours ago | Tuesday, February 07, 2012

Contradicting the belief that the UK tax authority, HM Revenue and Customs, has 'gone soft' on big business, recent figures show that record revenues were raised from enquiries into large companies last year. Read Full Story

Jersey, IoM To Outlaw 'Vulture Funds'

by Jason Gorringe, Tax-News.com, London

Last updated 44 hours ago | Monday, February 06, 2012

The Isle of Man and Jersey have announced that they are to draft legislation designed to stop creditors, including so-called 'vulture' funds, from using the territories' judicial systems to undertake 'inequitable' transactions whereby the debts of heavily indebted poor countries are bought for a fraction of their price only to for them to be pursued for full value plus interest. Read Full Story

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