Search Results for: tax evasion
Suspended jail sentence for London solicitor over VAT fraud
February 18th, 2016
A London solicitor has been given a suspended jail sentence for a £96,000 VAT fraud which was uncovered by an HMRC taskforce set up to identify those attempting to avoid paying tax on property investment income Caroline Joseph, from ...
A Dysfunctional EU: What Future?
February 12th, 2016
Many believe that the European Union is, and can only ever be, a force for good and that the 500-plus million citizens of its 28 Member States should be eternally grateful for all the myriad of benefits that they ...
UK Planning Law Change For VAT Groups
January 18th, 2016
The UK Government has announced a consultation on changes to the nation’s VAT grouping provisions, following the European Court of Justice’s rulings in the cases Larentia + Minerva and Marenave (C-108/14 and C-109/14) and Skandia (C-713). The consultation process ...
Commodity losses
December 18th, 2015
Markets have been extraordinarily complacent about the bad debts building up in the financial system. In the wake of the Fed’s decision to raise interest rates this week, the effect on debt was barely mentioned in the subsequent analysis ...
Czech Republic Says EU Action Needed On VAT Gap
September 24th, 2015
The Czech Finance Minister and First Deputy Prime Minister, Andrej Babis, has urged the European Commission to consider VAT reform in response to poor collection rates. A report recently published by the Commission showed that EU countries lost EUR168bn ...
U.S. banks moved billions in trades beyond CFTC’s reach
August 24th, 2015
This spring, traders and analysts working deep in the global swaps markets began picking up peculiar readings: Hundreds of billions of dollars of trades by U.S. banks had seemingly vanished. “We saw strange things in the data,” said Chris ...
Greece, Troika Talking Through Single VAT Rate
May 14th, 2015
Greece is under pressure to adopt a single rate of value-added tax, in ongoing talks with the troika of international lenders. The International Monetary Fund has proposed that Greece should adopt a value-added tax rate of 18 percent, which ...
Greek finance minister’s letter to the Eurogroup
February 24th, 2015
Following is the text of Greek Finance Minister Yanis Varoufakis‘s letter to Eurogroup President Jeroen Dijsselbloem outlining Greece’s proposed reforms. “Dear President of the Eurogroup, In the Eurogroup of 20 February 2015 the Greek government was invited to present ...
Eurogroup: Points of agreement and discord
February 11th, 2015
All eyes are on the Eurogroup meeting that kicks of at 7 p.m. on Wednesday with EU partners waiting with baited breath to see how the chips will fall The Eurogroup meeting in Brussels on Wednesday has been dubbed ...
