Tax Avoidance
North America | 2 Jun 17
Canadian taxman to net $9.6bn in evasion clampdown
The Canada Revenue Agency (CRA) is on track to capture more than C$13bn (£7.5bn, $9.6bn, €8.6bn) in taxes owed after committing “important resources” to crack down on tax cheats, both at home and abroad, the country’s taxman has confirmed.
Tax & Regulation | 1 Jun 17
Film scheme for the stars loses £700m tax avoidance case
A film scheme that counted David Beckham, Wayne Rooney and Gary Lineker among its investors has lost a court challenge on a technical point linked to First Tier Tax Tribunal decision which had resulted in an extra £700m ($899m, €802m) tax bill.
United Kingdom | 22 May 17
UK leader steps up adviser clampdown over tax avoidance
The UK’s Conservative Party has said it plans to impose “tougher regulations” on advisers who use aggressive tax planning as one of its campaign pledges ahead of next month’s general election.
Tax & Regulation | 15 May 17
Labour’s 17-point tax avoidance clampdown plan
As voting day for the UK general election rapidly approaches, the Labour party has spelled out a wide-ranging 17-point plan to tackle tax avoidance and public filing of the tax returns of wealthy individuals earning more than £1m.
EU eyes ‘hard law’ approach to regulating advisers
The European Commission could follow in the footsteps of the UK by imposing fines and other disciplinary measures for advisers, who use “aggressive” tax planning schemes to help their clients avoid paying tax.