Emotive stuff right? Here’s what I think Tax avoidance is not a moral issue; it is an issue of competitiveness. On the other hand, tax evasion crosses that imaginary line in the sand between what are acceptable tax savings and what is tantamount to stealing from the society in which the tax-payer is resident. That’s … More Is Tax Avoidance a Moral Issue? 3 Videos to Help You Decide
Never mind the public grandstanding about tax havens, in the lead up to next week’s G8 Summit in Northern Ireland. To stay rich, not only do the world’s eight wealthiest countries want tax havens, they need them. By tax haven I do not mean a secrecy jurisdiction. Instead I am referring to a transparent, low or … More Why the G8 Needs Tax Havens.
(New York Representative Charles B. Rangel, Member of the US Ways and Means Committee) Yesterday, as part of their continuing work on comprehensive US tax reform, the Ways and Means Committee of the US Congress convened a hearing on the use of tax havens by U.S. and foreign multinational corporations to avoid tax; shift profits outside the … More 5 Point Summary of OECD’s Testimony at Yesterday’s US Congress Hearing on Tax Havens.
In the first place, there must be a reason why several gas and utility companies have submitted new claims for past expenditure dating back decades to secure tax relief on costs already paid for by other businesses. If there is one thing that companies do, especially large ones, is that they do not waste time or money … More Picking the Low Hanging Fruit.
1. Have you breached your ‘duty of care’ to beneficiaries if you provide information to revenue authorities pursuant to a request under a TIEA, tax treaty or FATCA if you ought to have known, or you failed to take reasonable steps to know, if the confidentiality standards in the requesting state are adequate to protect your beneficiaries … More Trustee Liability under TIEAs: 4 Questions.
How tedious that one of the Queen’s birthday honourees should be the subject of a political squabble about the morality or otherwise of his tax avoidance. Is it that neither of the political greenhorns has yet learnt that public debate on tax and morality is always a dead-end conversion? Even if you pick one of the most, to … More The Queen’s Birthday List and the Immorality of Tax Avoidance.