- UK presses for beneficial ownership registries
- Renewed controversy over corporate tax planning
- Mexico applies to be first non-EU country in new international tax agreement
- More Industry News
UK presses for beneficial ownership registries
The heads of Britain's Crown Dependencies and Overseas Territories are to produce national action plans on beneficial ownership registries.
The leaders met UK Prime Minister David Cameron at Downing Street at the weekend, where he presented them with the demand ‒ softened by a promise that the UK and the G8 countries will do the same. The G8 countries are meeting this week, and are expected to produce an agreement on a new standard for company beneficial ownership registries. Whether trusts are to be included is not yet clear.Read more
Renewed controversy over corporate tax planning
The House of Commons Public Accounts Committee (PAC) has published a report criticising 'contrived' tax avoidance schemes used by the multinational firm Google.
Google has paid little UK corporation tax in recent years. It earned revenues of GBP11.4 billion in the UK during the five years 2006-2011, but paid only about GBP10 million in UK corporation taxes.Read more
Mexico applies to be first non-EU country in new international tax agreement
The Mexican finance ministry has submitted an application to become the first non-European member nation of a project to develop a new multilateral tax information exchange program following the model of the US’s Foreign Account Tax Compliance Act (FATCA).Read more
Andrew Rogerson provides a practical guide to obtaining worldwide freezing orders.Read more >
Agile working is coming
Taking a look at my calendar for the past year confirms one thing: I am not immune from the global pace of change. Neither, I suspect, are you. Financial crises, increase…Read more >
Time for an EU-wide savings vehicle?
Richard Frimston on the EU assurance bond.Read more >