The UK's additional rate of tax, which applies to individuals's taxable income above £150,000 ($237,000), will be reduced from 50% to 45% from April 6 2013. As no anti-forestalling measures have yet been announced, some employers are considering deferring bonuses that may otherwise be paid this tax year until on or after April 6 2013. There are several tax issues, and wider reputational issues, to be considered.
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DLA Piper’s co-head of tax for the US and Latin America tells ITR about her fervent belief in equal access to the law, loving yoga, and paternal inspirations
The US president also unveiled a new 50% levy on copper imports; in other news, a UK wealth tax proposal has been criticised by the Institute for Fiscal Studies
MNEs are increasingly using algorithmic tools in TP. Sahasranshu Dash argues that data ethics should therefore plug directly into the TP design process