The Australian government on a press release in march this year suggested that it was considering to ammend Part – IVA of the Income Tax Assessment Act 1936 (GAAR) to counter technical deficiencies. Earlier, on 16th of this month, the explanatory memorandum and the exposure draft issued by the Assistant
(Guest blog post regarding tax evasion and its consequences) Tax evasion has become a huge problem. Greece was and still is in peril because of this. And this problem is rampant in most other countries, be it first world or third. Basically, an individual/ company/ organization that do not pay
Cyprus belongs to the top three destinations in the world that offers the friendliest offshore tax rates. It shares similar features with the tax transparency in Ireland and Switzerland, but the strategic location of the country makes it a better choice in comparison to the two. Become one of the
Forming international companies elsewhere on the globe has become a common trend nowadays to increase revenue and profits. Moreover, that’s not the only aim. Reaching customers is also extremely important and therefore, it’s important to make services easily available to them and increase consumer base for company offerings. An international
After rows over Jimmy Carr’s yearly £3.3million tax avoidance, the HMRC has promised to come down hard on tax avoiders. The Government is giving them new authority to establish a list of all offenders, in the hope that shaming these individuals will dissuade them from continuing their legal, but morally
In the current economy, income tax cuts seem to make great sense. Although Presidents have little genuine influence on the American economy, nevertheless, economic policies and plans will dominate discussion in the 2012 Presidential election. Democrats inevitably will advocate tax increases on wealthy Americans, and they will propose a variety
Cyprus is a well-known finance center and it is popular for its tax regime and double tax treaties. It offers an attractive destination that is suitable for investors, businessmen and entrepreneurs. Numerous people look into the various ways with which they can invest in Cyprus. It is notable that there
A recent piece of research that has been conducted by KPMG has revealed that Cyprus is considered as one of the friendliest offshore tax havens located in Europe. Similar to Switzerland and Ireland, there is transparency in the tax structures of Cyprus. Also, it is one of the places that
Freelancer.co.uk warns Office of Tax Simplification not to give into political pressure and tighten regulations that could harm an expanding sector LONDON: Ministers and MPs should stop harassing genuine freelance contractors in their bid to stop employees being paid as private companies, warns Freelancer.co.uk, the world’s largest outsourcing and crowdsourcing
My colleague Elaine Clark (@CheapAccounting) has launched an e petition to ask the government to consider setting up a voucher scheme for new businesses (not just limited companies, but sole traders, partnerships etc) to give them £300 for the first year so they can use this to make sure they
“The post I wrote for your site was far more successful than any other post I’ve ever done!” Ian Nuttall
“Fantastic Service. Went above and beyond to highlight the good work done by our law firm.” Cian
