News

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.


Australian Tax Office to pass unpaid tax debts to credit agencies

As per new legislation recently announced by the government, the Australian Taxation Office (ATO), going forward, will be allowed to disclose any data regarding the tax debts of certain businesses to relevant credit reporting officials.


German Finance Minister warns of UK’s tax position after leaving the EU

In an interview with the Financial Times, German Finance Minister & Politician, Mr Wolfgang Schauble has claimed that the current G20 regulations regarding tax avoidance would limit the UK’s aptitude to give tax breaks to companies where due after leaving the European Union.


OECD launches survey on tax certainty for all European businesses

The OECD was given a commendation from Finance Ministers & G20 Leaders to continue work on solutions to support increased certainty in the tax system in order to promote balanced growth, and increase trade and global growth.


Indonesia plans a "tax amnesty" for overseas bank account owners

Indonesia’s taxation office seeks to provide a tax amnesty policy to be implemented during 2016 in order to repatriate €136 billion from funds situated in overseas banks.


EC: “Consult us for a Common Consolidated Corporate Tax Base”

The European Commission is publicly asking for feedback, which will help with the identifications of key measures to be included in the proposal for a Common Consolidated Corporate Tax Base (CCCTB).


Cross-border E-shopping may be subject to a wider taxation

In an effort to collect more tax eluding from cross-border transactions carried out online, the OECD is calling on governments to try to collect more tax revenue.


Singapore tax system complies with latest OECD proposals

The OECD (Organisation for Economic Co-operation and Development) announced earlier this month a number of new tax proposals. Those proposals are aimed at preventing aggressive tax planning by multinationals.


UK Tax Treatment of Delaware LLCs

The UK's tax treatment of limited liability companies in the US could remain mostly unchanged despite a recent Supreme Court decision in favour of taxpayers, the HMRC has confirmed.