International tax

Personal tax

Tax planning

Tax | Amazon pays £492m tax as online sales surge

Following a hike in online sales during the pandemic, Amazon has paid £492m in UK corporatiaon tax, up from £293m in 2019

8 Sep 2021

Tax | European banks shift £17.5bn to tax havens

The main European banks book 14% of their total profits in tax havens each year despite the introduction of mandatory information disclosure through country by country reporting

6 Sep 2021

Tax | Impact of Covid-19 pandemic on transfer pricing

Previously accepted comparables used for establishing a company's transfer pricing policy might not be comparable due to the impact of the pandemic, warn David Whitmer, transfer pricing practice leader and Srinidhi Tuppal, transfer pricing manager at Kreston Global

23 Aug 2021

Tax | KPMG launches specialist tax practice for US expats

Big Four firm KPMG UK is launching a tax practice in London to support US expatriates in the UK and across Europe as the potential for US tax reform accelerates

17 Aug 2021

Tax | Global minimum corporate tax and impact on tax treaty shopping

Plans to introduce a global minimum corporate tax rate will have repercussions for users of tax treaties, warns León Fernando Del Canto, an expert in international tax and head of Del Canto Chambers

16 Aug 2021

Tax | Elite HMRC unit secured 67 years of prison time for tax evaders

HMRC’s elite Offshore, Corporate, and Wealthy (OCW) Unit secured convictions totalling 67 years last year which is nearly treble the total of just 23 years secured the year earlier

2 Aug 2021

Tax | Plans to change tax status for asset holding companies

Following consultation, the government has set out details of the forthcoming regime for asset holding companies (AHCs) to encourage inward investment by changing tax liability

21 Jul 2021

Tax | HMRC to take cut from Open golfers' worldwide income

Sponsorship deals may be highly lucrative for the golfers at this week’s British Open but they are also open to attention from HMRC as they are taxable in the UK

16 Jul 2021

Personal tax

Tax | EU to postpone digital tax proposal

The European Commission has halted work on a proposed digital tax in a bid to increase the chances of reaching a global accord on corporation tax

13 Jul 2021

Tax | Chancellor supports G20 progress on global tax reform

Chancellor Rishi Sunak has welcomed milestone progress on international tax reform during the two-day meeting of G20 finance ministers and central bank governors in Venice

12 Jul 2021

Tax | 130 countries set a minimum rate of 15% for corporation tax

130 countries from across the world have agreed to accept a global minimum corporation tax rate of 15% to draw a line under tax avoidance by multinational companies

2 Jul 2021

Tax | GE loses £124m double tax relief appeal at tribunal

The First Tier Tribunal (FTT) has denied GE Financial Investments’ (GEFI) appeal to amend its corporation tax returns to exclude credit of £124m claimed in foreign tax by way of double tax relief

21 Jun 2021

Tax | OECD ramps up action against enablers of tax evasion

The OECD’s Task Force on Tax Crimes has issued their latest country report addressing new challenges, including recommendations on tackling the small group of professionals who enable tax and other white collar crimes

18 Jun 2021

Tax compliance

Tax | G7 tax agreement needs to avoid over complexity

With G7 countries setting out provisional plans for a 15% global corporate tax rate, George Bull, tax consultant at RSM, considers the potential shortfalls and challenges of taking a global approach

9 Jun 2021

Tax | G7 tax agreement is not the ‘real deal’ and is far from agreed

The celebration behind the historic G7 global tax deal may not be completely justified, as there are a number of unanswered questions and ‘black holes’, says tax and advisory firm Blick Rothenberg

8 Jun 2021