Tax Evasion
Tax & Regulation | 30 Mar 17
HMRC fails to clamp down on tax evasion as avoidance plummets
The UK tax office is still losing £11.4bn (€13.1bn, $14.1bn) of revenue every year to evasion despite introducing a host of measures aimed at tackling tax avoidance, according to research by consulting firm RSM.
Messi appeal against Spanish tax fraud sentence set for April
Argentinian football star Lionel Messi will appear in court in Spain next month to appeal the 21-month prison sentence he was handed for tax evasion last year.
Tax & Regulation | 15 Mar 17
Fresh HMRC attack on tax evasion should ‘start with amnesty’
HM Revenue & Customs must issue one final amnesty for tax evaders to come clean about their financial affairs as part of a “concerted attack”, a leading tax firm expert has said.
North America | 7 Mar 17
Canada taxman denies amnesty as more IoM schemes uncovered
The Canada Revenue Agency (CRA) has denied it is offering an amnesty to citizens using offshore company structures to avoid paying tax, adding that it is investigating a number of schemes it has uncovered on the Isle of Man.
Tax & Regulation | 1 Mar 17
IoM says no to making beneficial ownership data public
The Isle of Man government has said it will not be forced to create a public register on the beneficial ownership of offshore companies until it becomes the “international norm” amid mounting pressure from UK politicians.