07/28/2022
When the Restructuring Plan was introduced, the government stated the intention was for it to be used not only for large multi-national entities, but for small and medium sized enterprises as well. So far, it has only really been used by big businesses.
07/28/2022
The response document states that the government will “work closely with stakeholders to explore longer-term options to improve the employment status system for tax to ensure it is as clear as possible and usable for all parties”.
07/27/2022
Transfer pricing requirements continue to expand along with increased enforcement activities by the Luxembourg tax authorities.
07/15/2022
A person’s details may not be included in the list if the penalty has been reduced fully to account for the individuals’ co-operation and disclosure.
07/05/2022
Tax expert Penny Simmons of Pinsent Masons said that it was “important that the report had highlighted the need for a comprehensive review of tax policy to support the net zero transition.”
06/27/2022
Mr. Levine advises on the tax aspects of corporate transactions.
06/27/2022
This change will have a profound effect on the taxation of such income in Hong Kong and we recommend that timely action be taken to prepare for the tax changes.
06/21/2022
“Our clients have been incredibly supportive, seeing this as an exciting opportunity for the firm.”
06/21/2022
Hong Kong adopts the territoriality basis of taxation, which means that only income sourced in Hong Kong is subject to taxation
06/16/2022
Two European Parliament committees have objected to the Commission’s proposals to include nuclear and gas activities within the EU’s sustainability taxonomy.
06/15/2022
Any UK-resident taxpayer considering an offshore structure should consider the regime from the outset.
05/27/2022
Appeals against the statutory appeals and the judicial review were all heard together by the Court of Appeal.
05/25/2022
New York sales tax case regarding art leasing
An Administrative Law Judge initially rejected the petitioner’s claim for a sales tax refund
05/24/2022
After the economic shock of the pandemic, and going into what increasingly threatens to be a recession, cash funding for R&D is vital.
05/19/2022
Without the discipline of a directive, the Commission fears that the scale, detail, and technicalities of the Pillar Two rules could fragment the EU internal market, creating mismatches and distorting fair competition.
05/16/2022
A policy paper inviting views on how the government should reform the capital allowances regime was published last week.
05/15/2022
The Court ruled for the first time that taxpayers may rely on a position taken by the Tax Authorities
05/13/2022
The new amendments have been acted to address objections from the European Commission
05/10/2022
Cleary Gottlieb Adds Two San Francisco Bay Area Partners
Tax Partner Maureen Linch and IP Partner Marcela Robledo Expand Corporate Capabilities
05/10/2022
Given that the Treasury inquiry seeks evidence on options for change, it is hoped that the inquiry provides an opportunity for the industry to raise some of the challenges associated with the complexity of the tax rules.