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G20 leaders endorse OECD measures to crack down on tax loopholes

G20 leaders endorse OECD measures to crack down on tax loopholes, reaffirm its role in ensuring strong, sustainable and inclusive growth The leaders of the world’s 20 largest economies ... Read More

Facebook paid £4,327 corporation tax despite £35m staff bonuses

Social networking firm paid average of £210,000 to staff in Britain, but overall loss in UK of £28.5m meant very little corporation tax was due Staff at Facebook’s UK ... Read More
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New tax landscape places major burdens on companies, says PwC report

An expanding compliance burden, more audits and the potential for increased and double taxation – those are the challenges facing companies due to the rapidly evolving global tax landscape, ... Read More
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OECD updates anti-tax evasion list

Europe’s attempts to clean up tax evasion and money laundering took a step forward yesterday when an international task group said that Austria — a eurozone nation that was ... Read More
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Strengthening the international community’s fight against offshore tax evasion

Australia, Canada, Chile, Costa Rica, India, Indonesia and New Zealand join multilateral agreement to automatically exchange information In a boost for international efforts to strengthen co-operation against offshore tax ... Read More

US economy expanded between April and May says Federal Reserve

The US Federal Reserve said the economy grew between April and May in its latest assessment of the economy, rebounding from a contraction in the first quarter. In the ... Read More

Many governments are legislating now rather than awaiting final OECD BEPS recommendations

40% of countries are making tax reforms before BEPS recommendations have been finalized 31% of countries report significant increases in tax scrutiny in 2015 Nearly a third expect the ... Read More
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Switzerland To Join Multilateral Convention On AEOI

The Swiss Federal Council has approved plans for the nation to join the Multilateral Competent Authority Agreement (MCAA) on the Automatic Exchange of Financial Account Information, describing it as ... Read More
EU Commission

Luxembourg’s Tax Rulings Discussed By New EU Commissioner

The European Commission has not yet formed an opinion on two contested tax rulings provided by the Luxembourg Government to multinational companies, and it has yet to formally respond ... Read More
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