Dec 09

Tax Avoidance Advisers Under Attack

MP Margaret Hodge has accused accounting firm PwC of “selling tax avoidance on an industrial scale”. Speaking at a public accounts committee (PAC) in the House of Commons yesterday, MPs claimed the firm had allowed companies to benefit from Luxembourg’s low tax rates by devising financing structures for clients. The committee was held following the […]

Continue reading
Dec 09

Tax Avoidance Under Attack

MP Margaret Hodge has accused accounting firm PwC of “selling tax avoidance on an industrial scale”. Speaking at a public accounts committee (PAC) in the House of Commons yesterday, MPs claimed the firm had allowed companies to benefit from Luxembourg’s low tax rates by devising financing structures for clients. The committee was held following the […]

Continue reading
Nov 22

FATCA for UK RND’s

Mini FATCA for UK The reporting regulations for UK resident non-domiciliaries (RNDs) with interests in non-UK structures are changing and broadly speaking they will no longer have the privacy they did. From 2016, information on non-UK Trusts with UK resident settlors, beneficiaries and protectors will be automatically provided to HMRC. That is the case no […]

Continue reading
Nov 21

Russian Tax Bill Confirmed

Russian Tax residents must declare undistributed profits of Controlled Foreign Companies. This week Russia’s Parliament have passed the CFC bill and fired a broadside at Offshore Company Holdings that are commonly used in Russian Business.  Once this is signed into law it will make Russian taxpayers declare their offshore holdings and pay taxes on them. […]

Continue reading
Nov 18

Beneficial Owner – No Hiding Place

Beneficial Owner Identification- G20. It has been confirmed that heightened Global Co-operation has been agreed at the G20 meeting in Brisbane to crackdown on Tax Avoidance and allow governments to collect more taxes. One area that has received attention is Beneficial Ownership regarding companies and Trusts, and it is now necessary that information is made […]

Continue reading
Nov 17

Russian Ruble Crisis Boosts property sales

The weak ruble is transforming the way Russian save and spend their money, with many turning to property, cars, and jewelry instead of seeing their money depreciate in the bank. The ruble has lost about 45 percent of its value against the dollar this year, which leaves savers with slashed deposits. Some are simply taking […]

Continue reading