Guernsey has signed a tax information exchange agreement (TIEA) with Switzerland, taking the number of such agreements signed by the UK crown dependency to 46.
After last week’s opinion from the European Council's legal service stated that part of the residence principle of the proposed European financial transaction tax (FTT) is incompatible with European law, some proponents feared the worst. But the end is not necessarily nigh.
Tax justice campaigners have commissioned a formal legal opinion from law firm Farrer & Co, which states that UK company directors have no fiduciary duty to their shareholders to mitigate their tax liability through tax avoidance techniques.
A change in government means a change in policy. Australians went to the polls on September 7 to elect a new federal government and it is clear the previous Labor government will be replaced by a coalition formed by the Liberal and National parties. Tax policy was a key division between the parties pre-election, so taxpayers should prepare for changes.
Indirect tax issues have been a point of contention in Australian politics ever since former Prime Minister Julia Gillard went back on her pre-election promise not to introduce a carbon tax. A new government has now taken office, and the removal of Gillard’s carbon pricing mechanism and minerals resource rent tax (MRRT) will be high on its agenda.
