Only a few years ago, discussion of the financial transactions tax (FTT), often referred to as the Tobin tax or a Robin Hood tax, did not go beyond socialists, international development activists or academic circles and had little traction in the political mainstream. But, as the Brussels Tax Forum 2011 heard, public debt is not the only thing on the up after the financial havoc wreaked by the banks and their bailouts.
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The buyout of Hucke and Associates continues Ryan’s streak of firm acquisitions; in other news, a UK appeal against VAT on private school fees was dismissed
A 120-plus-day delay to refunds would cost taxpayers almost $3bn in additional interest, the Cato Institute warned; plus indirect tax updates from February
The Office for Budget Responsibility’s pessimistic pillar two forecast accompanied the UK chancellor’s muted Spring Statement, dubbed ‘as dull as possible’ by one adviser
Digital tax reform is dissolving the old ‘temporal buffer’, forcing systems, institutions, and professionals to adapt as real-time reporting reshapes governance, capability, and compliance
While some believe it could have a positive effect on the wider advisory landscape, others argue that HMRC’s ‘red tape’ exercise won’t deter bad actors