News

The HMRC has started sending personalised Post-it notes to tax evaders

HMRC in the UK has started sticking Post-it notes written by hand on letters sent to tax evaders in a new attempt to encourage payment, and has recorded a high response rate, as they expand their use of a range of psychological strategies to inspire greater compliance.


Should Starbucks pay less tax than a sausage stand in Austria?

Austria’s Chancellor Christian Kern has been quoted saying in a Der Standard interview that US tech giant Starbucks officially pays less tax to Austrian authorities than a local sausage stand.


New Stored Value Facilities Regime in Hong Kong

The Monetary Authority in Hong Kong has released its decision to grant Stored Value Facilities licenses to 5 Hong Kong based companies: HKT Payment, The Alipay Financial Services HK, Money Data, Octopus Cards and TNG Asia.


UK SMEs paid a record 33B British Pounds in corporate tax in 2015

SME’s in the UK paid a record £33B in corporation tax in the financial year 2015-2016.This figure excludes income from financial services providers & oil & gas companies.


Intellectual Property ties strengthened in Hong Kong

The fifteenth annual Meeting of the Guangdong-Hong Kong Expert Group on the Protection of Intellectual Property Rights was held in Guangzhou, Hong Kong with participants agreeing to further strengthen co-operation.


Obama gives advice on G20 Summit conclusion

The G20 summit recently held in China has exemplified the importance for international tax cooperation to attain ‘an internationally fair and modern global tax system’, after President Obama warned of the risks if various countries ‘race to the bottom’ in tax policies.


Trade deals between HK and ASEAN currently under negotiation

The Free Trade Agreement between Hong Kong, China and the ASEAN (Association of Southeast Asian Nations) is currently under negotiation.


Asset based lenders can provide support for UK SMEs in wake of Brexit

The Managing Director of the UK’s biggest invoice finance company, has released a statement praising the asset based finance sector, stating that this is best way to support small and new businesses through the uncertain economic times brought on by the UKs decision to leave the EU. The comments were…