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HMRC To Add To Arsenal Against Diverted Profits

by Jason Gorringe, Tax-News.com, London

Thursday, April 12, 2018

HM Revenue and Customs has launched a consultation inviting input on proposals to tackle arrangements entered into by individuals, partnerships, or companies that aim to move UK profits outside the scope of UK taxation, typically through the use of offshore trusts and companies. Read Full Story

 


IRS Explains How To Calculate Transition Tax Liability

by Mike Godfrey, Tax-News.com, Washington

Thursday, April 12, 2018

The US Internal Revenue Service and the Department of the Treasury have released comprehensive guidance on how to calculate liability to the Transition Tax, provided for in Section 965 of the Tax Cuts and Jobs Act, and explained elections available to taxpayers. Read Full Story

 


Australia Expands Multinational Anti-Avoidance Law

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

Wednesday, March 28, 2018

The Australian Government has introduced legislation to extend the reach of its Multinational Anti-Avoidance Law to cover a range of corporate structures. Read Full Story

 



Canada To Reform Taxation Of Passive Investments

by Mike Godfrey, Tax-News.com, Washington

Wednesday, February 28, 2018

Canada's 2018 Budget has provided the long-awaited details of the Government's proposal to limit the tax benefits that can be derived from the holding of passive investments in a private corporation. Read Full Story

 


Australia's Board Of Taxation Considers Bare Trusts Tax Reform

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

Wednesday, February 14, 2018

Australia's Board of Taxation has published the results of its review into the taxation of bare trusts. Read Full Story

 


Australia To Strengthen Multinational Anti-Avoidance Law

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

Wednesday, February 14, 2018

The Australian Government is to tighten its Multinational Anti-Avoidance Law to prevent the use of certain structures to circumvent the law's application. Read Full Story

 


UK Tax Advisers Welcome Inheritance Tax Review

by Jason Gorringe, Tax-News.com, London

Monday, February 5, 2018

The Chartered Institute of Taxation has welcomed the announcement that the UK's Office of Tax Simplification is to undertake a review of inheritance tax. Read Full Story

 


UK Launches Inheritance Tax Review

by Jason Gorringe, Tax-News.com, London

Thursday, February 1, 2018

The UK's Office of Tax Simplification has been tasked with investigating options for reform of the UK's inheritance tax. Read Full Story

 


HMRC Provides Trust Registration Update

by Jason Gorringe, Tax-News.com, London

Monday, January 8, 2018

The UK tax agency, HM Revenue and Customs, has told the Association of Tax Technicians that those not yet able to use its new Trust Registration Service will not yet be penalized, having offered extra time for affected persons to register. Read Full Story

 

 

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