11/17/2007
Transparency International against non compliant financial centres
The new head of Transparency International has warned London and other global financial centres to expect "much greater pressure" from the corruption watchdog to tighten anti-graft and money laundering regulations.
Read article "Anti-graft watchdog to step up pressure on west" (Financial Times)
TI website
14:05 Posted in General | Permalink | Comments (0)
11/16/2007
Early Day Motion against tax avoidance
TAX AVOIDANCE
13.11.2007
Mitchell, Austin
That this House urges the Government to investigate and regulate the activities of banks, law firms, KPMG, PricewaterhouseCoopers, Deloitte, Ernst and Young, Grant Thornton and other accountancy firms in devising, marketing, promoting, implementing and concealing aggressive tax avoidance schemes which have no commercial substance because their sole purpose is to avoid paying their dues to society in UK taxes on income and profits, thus enabling wealthy and corporate clients to avoid taxes and National Insurance contributions by transfer pricing, artificial loans, inflated management charges, special purpose vehicles, joint ventures, fictitious assets, offshore schemes and secretive trusts, all designed to deprive the Treasury of billions of pounds of tax revenues which in turn forces the Government to curtail social investment and shift the tax burden onto ordinary individuals.
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07:05 Posted in UK | Permalink | Comments (0)
11/14/2007
VAT : Luxembourg against Europe
Luxembourg yesyerday said it would not agree to a compromise, which delays the implementation of new rules for VAT on services
At 15 pct, Luxembourg has the lowest VAT rate normally allowed in the EU, which has attracted companies such as AOL, Apple and Skype to set up office there.
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08:51 Posted in Luxembourg | Permalink | Comments (0)