UK To Begin Crackdown On Liechtenstein Account Holders |
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The UK tax authority, HM Revenue and Customs (HMRC) is ready to open new tax
evasion investigations into holders of accounts in Liechtenstein, as part of
a wider crackdown on offshore bank accounts, it has emerged.
According to rep....
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ECJ Rules On Italian VAT Amnesty |
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The European Court of Justice ruled on Thursday that an Italian tax amnesty
relating to VAT payments is unlawful.
The ECJ explained that:
"Italian legislation makes it possible, as regards the years 1998 to 2001,
for person....
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Swiss Bank To Halt Offshore Services To US |
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UBS announced during a recent congressional hearing on overseas tax-dodging that they will be shutting down all private banking accounts held by US residents.
The decision was made after it emerged via a recent report unveiled at the
h....
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Inflation Up To 5.5% In Guernsey |
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It has been announced this week that inflation in Guernsey is at its highest
rate since 1991.
At the end of June the island’s annual headline rate was 5.5%, a rise
from 4.8% at the end of the March quarter, although the increase in....
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UK Treasury Climbs Down Over Taxation Of Foreign Profits |
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The UK Treasury on Monday appeared to have stood down its proposals to change
the way that the foreign profits of UK-based multinationals are taxed.
The government, in its 2007 Budget, put forward proposals for eliminating the
fore....
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Dutch Court Upholds Flight Ticket Tax |
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| A Dutch court has upheld the introduction of a tax on passenger flights, despite
an appeal from airlines and industry bodies, the Finance Ministry announced in
a statement on 18th July.
The tax, ostensibly an environmental measure, took effe....
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HMV Customers To Benefit From VAT 'Loophole' |
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It has emerged this week that customers at HMV stores will be able to avoid paying VAT on certain products in a move which will see CDs and DVDs ordered through in-store digital terminals exempt from the usual VAT import laws.
'HMV Deliver....
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States Of Guernsey To Sign Nordic Tax Agreements |
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In an announcement on Friday, the States of Guernsey confirmed that it is to sign a package of tax agreements with seven Nordic countries later this year.
Chief Minister Deputy Lyndon Trott will sign the four separate agreements,
incl....
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