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What You Need to Know About the Taxation of NFTS

Given the lack of guidance from the IRS on such gifts, donors and recipient charities face a number of tax uncertainties.

UK launches consultation on domestic implementation of global minimum tax for large multinational groups

The UK government has today (11 January 2022) published a consultation seeking views for how a worldwide 15% minimum corporation tax should be domestically implemented.

EU publishes minimum corporate tax rate directive

Countries signing up to the OECD deal are not obliged to introduce the pillar two rules, but if they do so, they must follow the approach taken in the OECD model rules.

Lawpath unveils on-demand accounting services

There is an increasing overlap between legal and accounting, and so this partnership with Lawpath will ensure businesses right around Australia receive expert on demand advice to stay ahead and succeed with their business operations.

Global minimum tax rate: OECD publishes detailed rules

Countries are not obliged to introduce pillar two into their own domestic laws.

Private Client 2022 UK & Global Overview

The editors discuss a time of overwhelming change and some of the investment trends in the private client arena.

Year-End Tax Planning Considerations for Global Mobility

One other way to simplify year-end tax planning is to account for any relocation or taxable benefits for employees periodically, on a quarterly or monthly basis.

Saffery Champness advises Frog Capital

The recent investment will provide capital to support the ambitious growth strategy of Clue across the next five years.

The ‘cowboy cocktail’: How Wyoming became one of the world’s top tax havens

An oligarch, a dictator’s aide and a beverage tycoon turned to America’s least populated state to shelter assets, the Pandora Papers show.

A year the tide turned in the fight for tax justice

Our analysis of the G7 global tax deal was widely covered in media and press.

UK government to reform stamp duty land tax on mixed-property acquisitions and multiple acquisitions of dwellings

The difference between commercial (up to 5%) and residential rates (up to 17%) is now significant which is no doubt why there has been an increased focus on ways to mitigate this tax burden.

SEB hit with €511m tax demand

The review relates to transactions that were carried out before a change in Germany’s tax legislation came into force in 2016.

The VAT land exemption simplification call for evidence: HMRC’s response

HMRC recommits in the document to publish the long-awaited guidance on its view of dilapidations, overages, call options and rights of light. However, no timeframe for the updates was confirmed.

Dutch tax authority handed record fine for discriminatory data processing

An investigation found that the TCA had been unlawfully processing the nationality data of people who applied for childcare benefits for years.

Rise in UK tax suspected underpaid by large businesses

The figures include £8.1bn in tax believed to have been avoided through transfer pricing - the way multinationals allocate their costs and income between different countries.

Belgium-Netherlands tax treaty to be covered by MLI

The amendments may have significant implications for Belgian and Dutch companies that are receiving income from or carrying out activities in the other country.

Tax Justice Network proposal to FATF’s consultation on beneficial ownership for legal persons

While a multi-pronged approach using many sources of information is welcome, a central beneficial ownership register should become mandatory for all countries, without allowing for “alternative mechanisms”.

Article 123 bis is given a new set of teeth to bite into offshore trusts’ profits

French Tax Bulletin: Article 123 bis is given a new set of teeth to bite into offshore trusts’ profits

New CSSF taxonomy fast track procedure

All Luxembourg based AIFs managed by an AIFM not authorised or registered by the CSSF, should apply the requirements imposed by the AIFM’s competent authority.

UK asset holding company regime

A new elective tax regime for companies which hold investment assets as part of fund structures is being introduced in the UK from 1 April 2022.