- Russia’s Duma passes de-offshoring bill
- Prison sentence for solicitor who overcharged client's estate
- Argentinian government accuses General Electric of tax fraud
Russia’s Duma passes de-offshoring bill
The lower house of Russia's parliament has voted for a bill forcing Russian citizens and companies to pay tax on retained earnings and assets of foreign companies under their control.Read more
The bill originated in President Vladimir Putin's office in March 2014, as the key to a 'de-offshoring' initiative to stop the use of controlled foreign companies for tax evasion.
Prison sentence for solicitor who overcharged client's estate
A Welsh solicitor has received a five-year jail sentence for charging GBP1 million of fraudulent fees to a deceased client's estate.Read more
John Owen ran a small practice in Llandeilo, Carmarthenshire. He was one of three executors originally appointed by a local farmer, John Williams, to handle his estate. However, by the time Williams died in 1997, the other two executors had died.
Argentinian government accuses General Electric of tax fraud
Following the Argentinian tax authority’s investigation into Procter and Gamble (P&G), the Argentinian Chief of Cabinet, Jorge Capitanich, accused other multinationals of activities he refers to as “economic terrorism”.Read more
During a statement to Congress on November 5, Capitanich said “economic and financial groups” resort to “over-invoicing imported products and under-billing exports as a means to avoid the taxman”.
Peter Glowacki, Corina Weigl and Richard Niedermayer present a round-up of real property planning strategies for Canadian practitioners.Read more >
A captivating proposition
Alvaro Dominguez and Andrew Edgington explain how establishing a ‘captive’ trust company in the Cayman Islands can benefit family offices.Read more >
Carrot or stick?
Take the right approach to motivating staff and reap the rewards, says Val Cox The majority of people are self-motivated to do well. That basic instinct is described as …Read more >