The Irish Revenue has confirmed that the tax measures in the Finance Bill, which include changes to the securitisation regime, will go ahead, despite the general election next month.
The Australian Federal Court’s decision in favour of the tax authorities in Colonial First State Investments Limited v Commissioner of Taxation means very little will change for fund managers experiencing tax irregularities.
In a speech to the European Parliament last week, Algirdas Šemeta, European Commissioner for Taxation and Customs Union, Audit and Anti-Fraud, supported the “promising option” of a financial activities tax (FAT). In an exclusive interview, International Tax Review spoke to Commissioner Šemeta about why he favours a FAT at the EU level over a financial transactions tax (FTT), how it might work and the challenges to be overcome.
In a keynote speech on business and growth, John Denham, the opposition Secretary of State for Business Innovation and Skills, attacked the UK government for lacking a tax policy to boost the economy.
The New Haven Declaration, an initiative of Global Financial Integrity (GFI) which calls for greater financial transparency to tackle tax evasion, has attracted the support of a number of asset management and research firms.
