The House of Lords Economic Affairs Select Committee has added its voice to the global debate on tackling tax avoidance. Almost a week after the OECD’s Action Plan on Base Erosion and Profit Shifting (BEPS) was endorsed by the G20 Finance and Central Bank Governors, the Select Committee has yesterday published its views on what… More House of Lords Weighs In on Tax Avoidance Reform
Your summary of the biggest tax, trade and investment headlines affecting International Business and Financial Services. Usain Bolts To UK Tax Haven Mayor of London Encourages EU Banks to Flee Financial Transactions Tax. Why Regulatory Action and Criminal Investigation is Good for OFCs PayPal Unveils the Modern Spice Routes Let Them Remit! Singapore Loosens Switzerland’s… More franhendy’s OFFSHORE WEEKLY
England did not lose its football game against Italy on Monday night; they simply deferred likely defeat by the Germans in the Euro semi-finals to the 2014 World Cup. In fact, it would seem that several members of the Three Lions squad know more than a thing or two about ‘deferrals’ both on and off… More Three Lions ‘Defer’ Taxes and a German Loss.
…was the response by Glaxo Smith Kline (GSK) to last Monday’s BBC Panorama ‘expose’ on the use of ‘round-tripping’ and ‘income stripping’ tax avoidance techniques by UK conglomerates like GSK and North & Shell. In its defence GSK points out that the company is a global with 95% of its sales outside of the UK with 20%… More “Extremely misleading and lacking in context”…