Accounting

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Israel puts FATCA temporary on hold; Other countries may rethink

05/09/2016(0)
Israeli High Court’s FATCA Injunction Must Make Other Countries Rethink America’s Imperialistic Law The Israeli High Court’s temporary injunction against the enforcement of America’s highly controversial global tax law ... Read More
VAT

13 Percent VAT Confirmed For Egypt

02/09/2016(0)
Egyptian lawmakers have agreed to the introduction of a value-added tax regime with a 13 percent headline rate from the 2016/17 fiscal year. The rate is to rise to ... Read More
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Why the EU says Apple must pay Ireland $14.5 billion in tax

01/09/2016(0)
The European Commission (EC) ordered Apple Inc. to pay Ireland unpaid taxes of up to 13 billion euros ($14.5 billion) on Tuesday as it ruled the firm had received ... Read More
PWC logo on building

PwC fined £2.3m by FRC

01/09/2016(0)
Disciplinary case relating to PwC’s audits of Cattles plc and Welcome Financial Services Limited The Financial Reporting Council (FRC) announced the outcome of the disciplinary case relating to PricewaterhouseCoopers LLP ... Read More
european-union

EU Apple Tax Ruling Stirs Fears of Revenue Loss in U.S.

31/08/2016(0)
American politicians have spent years salivating over U.S. companies’ stockpile of untaxed foreign profits, now more than $2 trillion and growing. Europe got to that money pot first. The ... Read More
HMRC

HMRC launches plans to tackle black economy

30/08/2016(0)
HMRC has launched three consultations on proposals to clamp down on the black economy. The proposals include extending HMRC’s data gathering powers, forcing more business to register for tax purposes in ... Read More
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Apple should repay Ireland €13bn, European Commission rules

30/08/2016(0)
Ireland should recover up to €13bn (£11bn) from Apple in back taxes, the European Commission has ruled. After a three-year investigation, it has concluded that the US firm’s Irish ... Read More
Deloitte and Touche

Deloitte expands business at record levels but warns of Brexit “challenges”

30/08/2016(0)
Audit wins underpinned the fastest revenue growth for 10 years at big-four accountants Deloitte. Group revenue increased by 11.2 per cent for the year to May 2016 to £3.1bn ... Read More
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Apple facing back taxes running into billions over Ireland deal

30/08/2016(0)
Irish officials expect European commission to declare the arrangement with Apple unlawful under state aid rules Apple could face back taxes running into billions with the European commissionexpected to rule ... Read More
HMRC

HMRC sets rules for Worldwide Disclosure Facility on unreported offshore accounts

29/08/2016(0)
The WDF will launch on 5 September 2016 and will be available to anyone who is disclosing a UK tax liability that relates wholly or in part to an ... Read More
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