Carbon emissions in the electricity sector have fallen 8.6% in the six months since the carbon tax was introduced and the government is taking this as a sign that its policy is working.
With the UK chairing the G8 this year, more than 100 charities have come together under the banner of the IF campaign, whose basic premise is that there is enough food in the world for everyone if certain conditions, including ending tax avoidance and increasing financial transparency, are met. Katharine Teague, senior private sector adviser at Christian Aid, one of the main organisations behind the campaign, tells International Tax Review how it is reaching out to businesses.
Richard Woolhouse, head of tax and fiscal policy at the Confederation of British Industry (CBI), tells International Tax Review why he thinks international cooperation is the best way to tackle highly abusive avoidance and why the rule of law not morality should determine what counts as a fair share of tax.
Eleven EU member states now have the go-ahead to start negotiating the terms of the financial transactions tax (FTT) after EU finance ministers approved the implementation of the tax.
Online retailer Play.com has shut down its once profitable Jersey business, which thrived because of the low value consignment relief (LVCR) VAT loophole. The move is a blow to the Channel Islands’ economy, but has been welcomed by UK businesses undercut by their offshore rivals.
In an interview with Salman Shaheen, Chris Lenon, former head of tax at Rio Tinto, who chaired the Tax Committee of the Business and Industry Advisory Committee to the OECD until last year, says that companies must pay attention to their reputation when it comes to tax policy
