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Luxembourg's double tax treaties network

To mitigate the risks of double taxation for businesses, it has entered into comprehensive double tax treaties with over 80 jurisdictions.

‘Confusion’ among UK businesses over new plastic packaging tax

The plastic packaging tax is payable by UK businesses that manufacture or import 10 tonnes or more of plastic packaging – which does not include at least 30% recycled plastic – over a 12-month period.

Tax rollover applied to share for share exchange despite tax saving motive

In this case, Euromoney negotiated terms with a third-party buyer to buy its shares in two joint venture companies.

Cayman Islands Enforcement Guidelines: Common Reporting Standard and Economic Substance

The Guidelines set out the TIA’s principles and processes for taking enforcement action through administrative penalties for non-compliance under the CRS and the ES regimes.

EY’s Rahul Kini named ‘Rising star in digital’

The awards have become a staple in the finance calendar, with more than 50,000 votes being cast by members of the public to determine the winners.

Ed Renn featured in Accounting Today's recent article on the proposed Inflation Reduction Act of 2022

In the Accounting Today article, Ed shares that although the bill itself is a surprise, it does not contain a lot of surprises.

GAAR advisory panel backs UK taxpayer in anti-abuse dispute for first time

The panel concluded that, despite the arrangements being contrary to the policy objectives of the legislation and exploiting a shortcoming in the legislation, the steps taken were a reasonable course of action for tax purposes.

Getting ready for R&D tax credit regime changes

HMRC is reviewing the treatment of foreign branches of a UK company within this context, and we should understand more in due course.

HMRC ‘Housted’ as a preferential creditor

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.

‘Not right time’ for alignment of UK employment status law for rights and tax

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”.

Global Legal Insights Corporate Tax 2022: Luxembourg

Transfer pricing requirements continue to expand along with increased enforcement activities by the Luxembourg tax authorities.

Tax default can lead to FCA scrutiny

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.

Review of UK tax system needed to support net zero transition says report

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.”

Scott Levine among six inaugural recipients of D.C. Bar's Trailblazer Awards

Mr. Levine advises on the tax aspects of corporate transactions.

Hong Kong’s Foreign Income Tax Reform

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.

Herbert Smith Freehills Sets Sights on Becoming Australia's Tax Law Leaders with Partner Acquisition

“Our clients have been incredibly supportive, seeing this as an exciting opportunity for the firm.”

Working and holidaying across Hong Kong and Mainland China, there is tax to consider

Hong Kong adopts the territoriality basis of taxation, which means that only income sourced in Hong Kong is subject to taxation

EU ESG – more problems for the nuclear and gas CDA

Two European Parliament committees have objected to the Commission’s proposals to include nuclear and gas activities within the EU’s sustainability taxonomy.

The UK’s transfer of assets abroad tax regime

Any UK-resident taxpayer considering an offshore structure should consider the regime from the outset.

Court of Appeal: transfer of assets abroad tax rules should be ‘kept in reserve’

Appeals against the statutory appeals and the judicial review were all heard together by the Court of Appeal.