Jeffrey Owens, director of the OECD Centre for Tax Policy and Administration, was encouraged to see a strong tax current running through all the topics discussed at the Organisation’s ministerial meeting in Paris.
The European Commission has formally requested the UK to amend its controlled foreign companies (CFC) legislation to comply with EU law on freedom of establishment and free movement of capital.
Responding to the European Commission’s consultation on the future of the EU’s VAT system, newspaper publishers have called for lower VAT rates on digital newspapers to bring them in line with print copies.
Opposition to the UK’s controversial decision to increase taxes on the country’s energy industry has gained pace, with Scotland’s First Minister Alex Salmond branding the move a “smash-and-grab” raid that could cost up to 10,000 potential jobs in the sector.
Registration rates for the Liechtenstein Disclosure Facility (LDF) have not markedly increased in the last six months because UK citizens with undisclosed assets in Switzerland are waiting to see what deal emerges there.
