All material subject to strictly enforced copyright laws. © 2022 ITR is part of the Euromoney Institutional Investor PLC group.

UK must push for Magnitsky Act to combat illicit funds

Leanna Reeves
January 20, 2022
Share
Campaigners say UK needs tougher sanctions over dirty money

Tax justice campaigners say Magnitsky-style sanction regimes in the UK require annual review to measure efficiency against illicit funds. Yet the UK is still dragging its heels on implementing offshore public registers.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login

Tags

NewsTransfer PricingUnited KingdomEuropeEurope
Leanna_Reeves_300x300.jpg
Leanna Reeves
Senior Reporter ITR
Contact
Leanna covers transfer pricing developments and court rulings. She writes about jurisdictions' alignment with OECD standards, profit shifting via TP arrangements, and other topics including tax reforms across the world. Leanna also reports on anti-money laundering legislation and the BEPS project.
more across site & bottom lb ros

More from across our site

UN - OECD 2.jpg
‘Momentous’ UN resolution sets stage for tax clash with OECD
The UN’s decision to seek a leadership role in global tax policy could be a crucial turning point but won’t be the end of the OECD, say tax experts.
Siqalane Taho, November 28, 2022
davi-mendes-united-nations.jpg
This week in tax: UN votes to take tax leadership role
The UN may be set to assume a global role in tax policy that would rival the OECD, while automakers lobby the US to change its tax rules on Chinese materials.
Josh White, November 25, 2022
Bucharest by Night
Romania’s public CbCR law gives little time to prepare
Companies including Valentino and EveryMatrix say the early adoption of EU public CbCR rules could boost transparency of local and foreign MNEs, despite the short notice.
Leanna Reeves, November 23, 2022
ITR-Awards-2023-logo
ITR Awards 2023 opens for submissions
ITR invites tax firms, in-house teams, and tax professionals to make submissions for the 2023 ITR Tax Awards in Asia-Pacific, Europe Middle East & Africa, and the Americas.
John Harrison, November 23, 2022
Tax and customs offices.jpg
TP strategies hampered by tax authority and customs conflicts
Tax authorities and customs are failing multinationals by creating uncertainty with contradictory assessment and guidance, say in-house tax directors.
Siqalane Taho, November 22, 2022
Nose to nose with a beautiful private business Gulfstream G-V je
CJEU annuls Volotea and easyJet state aid cases
The CJEU said the General Court erred in law when it ruled that both companies benefitted from Italian state aid.
Leanna Reeves, November 21, 2022
OECD profit shifting.jpg
MNEs shift profits to low-tax jurisdictions despite BEPS: report
An OECD report reveals multinationals have continued to shift profits to low-tax jurisdictions, reinforcing the case for strong multilateral action in response.
Siqalane Taho, November 21, 2022
HM Treasury-UK budget.jpg
This week in tax: UK raises windfall tax, Ireland considers reform
The UK government announced plans to increase taxes on oil and gas profits, while the Irish government considers its next move on tax reform.
Siqalane Taho, November 18, 2022
TP policies_geopolitics.jpg
TP policies take centre stage amid global supply chain disruptions
War and COVID have highlighted companies’ unpreparedness to deal with sudden geo-political changes, say TP specialists.
Siqalane Taho, November 17, 2022
Aerial view of Rio de Janeiro
Exclusive: Brazil’s draft TP legislation gives clarity on intangibles
A source who has seen the draft law said it brings clarity on intangibles and other areas of TP including tax planning.
Leanna Reeves, November 16, 2022