A recent report comparing the total amount of tax contributed to European countries’ GDP has shown that tax revenue has been increasing in the EU since 2013.
At the end of 2015, HMRC launched its ‘Making Tax Digital’ roadmap, which is expected to bring tax compliance into a digital era. Changes for businesses include a new reporting standard that requires companies to report their tax information quarterly.
ADB Altorfer Duss & Beilstein in Zurich has promoted Fabian Streule to director of the firm’s tax department, as well as hiring two new partners, Marc Dietschi and Helen Spiegel.
Since June 1 2011, the amended Multilateral Convention on Mutual Administration Assistance in Tax Matters has been open for signatories from all over the world to adopt the most comprehensive multilateral instrument for all forms of tax cooperation to tackle tax evasion and avoidance.
