Australia Carries Out Panama Papers Tax Investigations

by Mary Swire, Tax-News.com, Hong Kong

Thursday, September 8, 2016

In response to analysis of data leaked as part of the Panama Papers, Australia's Serious Financial Crime Taskforce has carried out a "week of action" against those suspected of tax evasion. Read Full Story

Yahoo Announces Tax-Free Spin-Off Of Alibaba Shares

by Mike Godfrey, Tax-News.com, Washington

Thursday, January 29, 2015

Search engine company Yahoo! announced on January 27, 2015, that it had agreed a plan for a tax-free spin-off of the company's remaining holdings in Alibaba Group. Read Full Story

German Federal Court Rules On GmbH MD Fiduciary Duties

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, May 9, 2013

Managing Directors working at German limited liability companies, but not formally appointed as such, are required under law to take on general fiduciary responsibilities for the firms they work for. Read Full Story

Google Head Defends UK Tax Arrangements

By Amanda Banks, Tax-News.com, London

Wednesday, April 24, 2013

In an interview with the BBC, Google executive chairman Eric Schmidt has defended the company against criticisms that it pays too little tax in the UK. Read Full Story

Bermuda Relaxes Beneficial Owner Reporting Rules

by Amanda Banks, Tax-News.com, London

Tuesday, February 26, 2013

The Bermuda Monetary Authority has announced that it has increased the threshold above which beneficial owners of stakes in companies or partnerships, or companies that are subject to exchange control requirements, must disclose personal information to the Authority, to 10% from 5%. Read Full Story

Cameron Slams Aggressive Tax Avoidance During India Visit

By Robert Lee, Tax-News.com, London

Tuesday, February 19, 2013

British Prime Minister David Cameron has questioned the distinction between illegal tax evasion and "aggressive" tax avoidance, promising "a real debate" on transparency and fairness while the UK chairs the G8 during 2013. Read Full Story

US Multinational Profits Drawn To Low-Tax Territories

by Mike Godfrey, Tax-News.com, Washington

Wednesday, February 6, 2013

A new study from the US Congressional Research Service shows that over the past decade, US multinationals have declared greater shares of their profits in low-tax jurisdictions. Read Full Story

UK Tax Experts Give Evidence On Tax Avoidance

By Amanda Banks, Tax-News.com, London

Wednesday, February 6, 2013

In response to questioning by members of the House of Commons Public Accounts Committee, UK Tax Heads from the "Big Four" accountancy firms denied that they help companies to avoid paying their fair share of tax and rejected the suggestion that they should be excluded from receiving contracts in the public sector. Read Full Story

WPP Chief Comments On UK Corporate Tax Row

by Robert Lee, Tax-News.com, London

Friday, January 4, 2013

Sir Martin Sorell, the chief executive of global advertising and marketing firm WPP, has waded into the row over how much multinational corporations pay in tax to the UK Exchequer, saying that these amounts are often "a question of judgment." Read Full Story

Australia Progresses Directors' Liability Reforms

by Mary Swire, LawAndTax-News.com, Hong Kong

Friday, September 21, 2012

Legislation introduced by the Australian government will establish a nationally consistent approach to the imposition of personal criminal liability on directors for corporate fault. Read Full Story

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