Alistair Darling, the UK chancellor of the exchequer, announced that the government's Liechtenstein disclosure facility (LDF) has raised £1 billion ($1.5 billion) in extra revenue and said he plans to raise a further £1.5 billion (£2.2 billion) in other anti-avoidance provisions. The LDF allowed people with undeclared investments and deposits in Liechtenstein to settle their tax liability.
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Luis Coronado suggests companies should embrace technology to assist with TP data reporting, as the ‘big four’ firm unveils a TP survey of over 1,000 professionals
KPMG Netherlands’ former head of assurance also received a permanent bar and $150,000 fine; in other news, asset management firm BlackRock lost a $13.5bn UK tax appeal