With Switzerland and Germany reaching agreement on a deal to prevent tax evasion through Swiss bank accounts from influencing Germans’ investment decisions, and a Swiss deal with the UK announced on August 24, Matthew Gilleard looks at where this leaves international efforts to clamp down on tax evasion.
BHP Billiton has posted an Australian record for annual earnings of A$22.5 billion ($23.6 billion), almost doubling profits for the second consecutive year. This further evidence of the mining boom has led to Australians calling on the government to make taxation on the sector more severe.
Spain has joined France in introducing a package of austerity measures in the last seven days, but how does the Spanish government’s approach to cutting the deficit differ from France’s?
France revealed its latest attempts to allay investor fears over the country’s high debt and deficit levels on Wednesday, with tax measures dominating.
Suppliers of temporary staff in the UK have taken it upon themselves to only charge clients VAT on the margin rather than on the entire value of their invoices, but in doing so run the risk of HMRC assessment.
Draft legislation has been issued by the Australian government which proposes changes to the income tax treatment of investment income from foreign managed funds. The changes will make the use of Australian-based fund managers more attractive for foreign-based funds.
