News

Google to settle €305m Italian court case over tax claims

The Italian tax authorities have reached an agreement with Google which will see the tech giant pay €305 million in a deal to settle a number of tax disagreements, including claims relating to some €1B of income made in Italy but settled in Ireland between 2009 and 2013.


After huge uptake of voluntary liquidations, UK company insolvencies drop

The total number of UK company insolvencies have dropped by 29% in the first quarter of 2017 due to a surge of personal service companies applying for a creditors’ voluntary liquidation.


Trump's tax plan: is it really too good to be true?

During his campaign, President Donald Trump called for a simplified tax code and lower tax rates for businesses and families. The administration will provide further details this week about what that entails.


Companies House make redundancies in cost cutting measures

The UK Companies House has outlined plans to reduce costs of baseline activities by 3.5%, despite having an increased workload, and will focus investment on improvements to digital services, expecting to have digital filing options for 99% of accounts by March 2018.


Central banks are abandoning the euro in favour of the UK pound

The Financial Times has reported concerns over European weak growth, political instability, and the ECB’s negative interest rate policy has led central banks to reduce their exposure to the euro.


Singapore makes amendments to its transfer pricing guidance

On January 13th, 2017, the Inland Revenue Authority of Singapore (IRAS) issued updates to its e-Tax Guide and online directive regarding the state's transfer pricing regulations.