Tax

“Make the money, then worry about paying the tax,” says the tax researcher, arguing that with businesses sitting on cash piles with no investment plans, there’s no point cutting corporation tax

Richard Murphy: Companies have forgotten how to make money

“Make the money, then worry about paying the tax,” says the tax researcher, arguing that with businesses sitting on cash piles with no investment plans, there’s no point cutting corporation tax

Zero corporation tax - a concept put into practice in many of the world's top tax havens: the United Arab Emirates, Cayman Islands, and the British Virgin Islands. Places that have been less affected by the global financial downturn. Is there a correlatio...

The global tax system continues to grow in complexity. Thierry Afschrift, Partner at Afschrift law firm, tells World Finance how recent changes are affecting the industry

Afschrift: how to navigate new waves of tax regulation

The global tax system continues to grow in complexity. Thierry Afschrift, Partner at Afschrift law firm, tells World Finance how recent changes are affecting the industry

Joint initiatives like the OECD/G20 base erosion and profit shifting (BEPS) project, and the US crackdown on tax inversions demonstrate authorities increased commitment to clamping down on incidents of tax evasion and avoidance. As governments try to reco...

For as long as leaders from low-income countries are excluded from the solution, tax avoidance will inflict costly and sometimes life-threatening consequences on millions of individuals

The true costs of tax avoidance

For as long as leaders from low-income countries are excluded from the solution, tax avoidance will inflict costly and sometimes life-threatening consequences on millions of individuals

Politicians have been all-too-eager to label 2014 a milestone year for action on tax avoidance, with many of the world’s leading economies having introduced measures to wheedle out any loopholes and shame offending parties. As a result, many a major nam...

PwC Sweden: corporations must adjust to tax changes

The global tax environment has changed rapidly, so multinational corporations must adjust their approach accordingly and adapt to the coming regulatory changes

There are currently several ongoing regulatory changes within the international tax arena. The OECD base erosion and profit shifting project (BEPS) – initiated in 2012 – is looking at whether and why multinational corporations’ taxable profits are b...

Over the last few years coverage over tax avoidance has gained widespread attention in the press. By clarifying the processes used in the UK it will however, allow for adverse risk to be avoided

Where now for UK tax avoidance?

Over the last few years coverage over tax avoidance has gained widespread attention in the press. By clarifying the processes used in the UK it will however, allow for adverse risk to be avoided

I have been a tax advisor now for 33 years. Our profession led a low-key, well-respected existence ally. In the last 18 months, this has changed and we have been repeatedly in the national press. The first revelations concerned the comedian, Jimmy Carr, ...

World Finance speaks to Clifford Frank, Senior Partner at LEXeFISCAL, about how to deal with tax, the new UK government crackdown on avoidance and international jurisdictions

LEXeFISCAL on the UK’s tax benefits

World Finance speaks to Clifford Frank, Senior Partner at LEXeFISCAL, about how to deal with tax, the new UK government crackdown on avoidance and international jurisdictions

Tax is more often than not one of the main headaches for people and companies alike. World Finance speaks to the author of 3 Ways to Settle Your Tax about why every taxpayer has the right to organise their affairs to minimise the tax they pay – even maj...

Changes to bank secrecy laws in Belgium are here, and their implications are very far-reaching. World Finance finds out more about how they are allowing inspectors greater access to bank accounts and what protection taxpayers can expect

Association Afschrift on Belgium’s new bank secrecy laws

Changes to bank secrecy laws in Belgium are here, and their implications are very far-reaching. World Finance finds out more about how they are allowing inspectors greater access to bank accounts and what protection taxpayers can expect

In an attempt to crack down on tax evasion Belgium has changed its bank secrecy laws to give inspectors greater access to bank accounts. World Finance speaks to Jonathan Chazkal of Association Afschrift about how the rules have changed and what guarantees...

World Finance speaks to Nigel Green, Founder and CEO of deVere Group, about the dynamic international financial services sector – and why Africa is emerging as a frontier market

deVere Group: Africa is ‘the next far east’

World Finance speaks to Nigel Green, Founder and CEO of deVere Group, about the dynamic international financial services sector – and why Africa is emerging as a frontier market

International financial services are a growing global industry. One of the firms shaping this dynamic sector is deVere group. World Finance speaks to its CEO, Nigel Green, about the evolving landscape and why the company sees Africa as such a massive area...

World Finance speaks to Jonathan Chazkal, Partner at Association Afschrift, to discuss Belgium’s taxation landscape

Association Afschrift on the logistics of Belgian inheritance tax

World Finance speaks to Jonathan Chazkal, Partner at Association Afschrift, to discuss Belgium’s taxation landscape

Inheritance tax continues to be a divisive issue among Belgians. One company helping to shed a light on the logistics of taxation in the country is Association Afschrift. World Finance speaks to its representative, partner Jonathan Chazkal, to discuss how...

New VAT ruling will cost businesses millions

A European tax ruling changing whether financial groups pay VAT or not, could potentially add hundreds of millions of pounds in annual costs to global financial institutions doing business in the UK and EU

A European Court of Justice judgement issued on VAT grouping rules will cost financial institutions and potentially other VAT exempt businesses hundreds of millions of pounds annually. This is the assessment from the UK offices of global consultancy, KPMG...

CFOs are the new knowledge executives, says KPMG leader

Don Mailliard, North American Leader for Financial Management at KPMG, discusses the changing role of CFOs, and how they can help create ‘intelligent enterprises’

In today’s data-driven world, companies are under increasing pressure to unlock the insights from their data and create an ‘intelligent enterprise’ – and chief financial officers are in a prime position to do it. Most modern CFOs have been invo...

A case of money laundering and tax fraud against Princess Cristina of Spain has sparked a heated debate of preferential treatment in a country already inflamed by austerity

Spanish royals accused of fraud and corruption

A case of money laundering and tax fraud against Princess Cristina of Spain has sparked a heated debate of preferential treatment in a country already inflamed by austerity

New allegations of tax fraud and money laundering have hit the Spanish royal family as the youngest daughter of King Juan Carlos was named a formal suspect in a long-running corruption inquiry. Princess Cristina, 48, and seventh in line to the Spanish ...

Deal between Caterpillar and Swiss tax authorities allowed company to pay four percent rates, committee hears

Caterpillar questioned by US Senate over $2.4bn unpaid taxes

Deal between Caterpillar and Swiss tax authorities allowed company to pay four percent rates, committee hears

Caterpillar was forced to defend itself before a US Senate hearing in which it was accused of offshore tax evasion. During the panel hearing, it was revealed that a low-tax affiliate unit set up by the company in Switzerland years ago had been unchallenge...

Many have called into question the extent to which cryptocurrencies like Bitcoin are escaping tax liabilities, but until a regulatory framework is decided upon, the issue will remain unchecked

Cryptic crypto: is Bitcoin escaping tax liabilities?

Many have called into question the extent to which cryptocurrencies like Bitcoin are escaping tax liabilities, but until a regulatory framework is decided upon, the issue will remain unchecked

“If you mow your neighbour’s lawn, it doesn’t matter if he pays you $20 in cash or $20 worth of Bitcoins (or $20 worth of tomatoes for that matter), you are still legally required to report that as income. When using Bitcoin for payment, the taxing ...

While the country has strong economic growth prospects, Argentine's tax regulations means nearly half of its GDP is sidelined

Argentine tax regulations are crippling competitiveness, says Grupo GNP

While the country has strong economic growth prospects, Argentine’s tax regulations means nearly half of its GDP is sidelined

The second largest country in Latin America and the eighth at global level, Argentina has an estimated population of around 40 million. Its developing economy is based mainly on primary exploitation and the manufacturing of natural resources, through loca...

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