A 500-word Spring Budget summary for entrepreneurs and SME business owners
The chancellor claimed to be ?listening to the voice of business” in his speech, so here is a Spring Budget summary for SMEs and entrepreneurs in 500 words.
Tag: Tax Avoidance
Panama Papers may fuel great global change and spur joint efforts to combat tax evasion
The Panama Papers – a leak of 11m files from law firm Mossack Fonseca that lists nearly 15,600 shell companies set up for clients – has recently emphasised how some of the world’s most prominent leaders have used tax havens to hide their wealth. And it may be the final push needed to crack down on tax evasion.
The Budget 2016: Crackdown on Google tax avoidance through restrictions on offsetting losses
While chancellor George Osborne has continuously unveiled plans to find extra billions through crackdowns on tax avoidance, he is now ending several loopholes, including restrictions on offsetting losses against tax from 2019 onwards.
Autumn Statement 2015: Tax abusers face being hit with 60 per cent penalty fee
During the 2015 Autumn Statement, it was announced by George Osborne that the government is introducing a penalty fee of 60 per cent of tax due for General Anti-Abuse Rule (GAAR) as part of the Spending Review.
Tax avoidance does everybody do it
The distinction between tax avoidance and tax evasion used to be clear, but the shifting sands of public opinion have changed that. Does everyone take part in tax avoidance
Popular tax avoidance myths (and how to debunk them)
By Andy White
Andy White, a tax partner at chartered accountancy firm Carter Backer Winter, talks about the popular tax avoidance claims and why most of them are false.
Six companies that avoid paying their taxes
News reports this year claimed that almost half of Britain’s leading companies were failing to comply with the law by avoiding paying their taxes. Over 100 firms on the FTSE 350 index have now been accused of tax evasion, with many leading firms hiding profits offshore to avoid paying UK tax.