Sentences with phrase «avoidance schemes»

It also covers the issue of tax avoidance schemes by wealthy individuals.

He has created on of the most complicated tax avoidance schemes in American history in order to avoid paying his share to the country that made all his success possible!

Second, the Revenue is likely to highlight avoidance schemes and seek to set them aside.

For all the talk of reform, the Republican tax plan leaves many tax - avoidance schemes untouched.

That's because many of the tax avoidance schemes rely on minimizing declared profits via accounting black magic.

A key objective of tax avoidance schemes is to report higher profits and boost performance related executive pay.

Conservative leader Andrew Scheer issued a statement on Sunday accusing Prime Minister Justin Trudeau of failing to crack down on «tax avoidance schemes used by his wealthy friends.»

The focus of the report was the sale of «boutique» tax avoidance schemes which exploit loopholes in the tax law to reduce the amount the client pays.

In doing so, they often incur the wrath of the Canada Revenue Agency, which wants to collect as much tax as it can and views fancy tax avoidance schemes with deep suspicion.

The House of Commons Public Accounts Committee said that accountancy firm PricewaterhouseCoopers manufactured tax avoidance schemes on an industrial scale to enable its clients to avoid UK taxes.

Film finance avoidance schemes have been the subject of much litigation and now convictions for conspiracy to defraud the Revenue.

In the piece, Peter Elkind investigates a major tax - avoidance scheme not addressed by the tax plan.

Mr Boswell tabled a question in the Commons urging Chancellor George Osborne to close «tax avoidance schemes exploited by private equity and hedge fund managers».

Wouldn't have mattered anyway, Gawker is incorporated in the Cayman Islands because that whole operation is a giant avoidance scheme.

The public accounts committee (PAC) report called for HM Revenue and Customs (HMRC) to make the names of people who sell or use tax avoidance schemes public in order to more effectively combat the issue.

A popular tax avoidance scheme known as the Dutch Sandwich allows corporations to avoid US corporate taxes.

At present, those who sign up to tax avoidance schemes pay what they think they can get away with, and then it is up to HMRC to claw the full amount back through the courts — which can take years.

When reminded of the total lack of any retribution against major accountancy firms for designing, marketing and implementing avoidance schemes, the government response is:

This buck - passing overlooks the fact that no accountancy has ever been disciplined by any professional body for crafting tax avoidance schemes even when they have been declared to be unlawful by the courts.

Aaronovitch liked the tax avoidance scheme because that was most practical.

The agency will also launch a special program aimed at stopping groups that create and promote tax evasion and tax avoidance schemes for the wealthy.

Acting for liquidators of companies that perpetrated missing trader intra-community fraud («MTIC» or «carousel» fraud) and of companies involved in VAT avoidance schemes.

The Supreme Court unanimously overturned the Court of Appeal's judgment and found that a complex tax avoidance scheme developed by KPMG and implemented by the Pendragon group was an abuse of law and should be redefined to remove the tax advantage gained.

But stories of pensioners losing their nest eggs or tax avoidance schemes attracting HMRC's interest or worse, continue to undermine confidence in the financial sector.

Public indignation about secretive tax avoidance schemes followed.

We advise on domestic and international matters including audit claims, tax claims including avoidance schemes, breaches of trust, wrongful / fraudulent trading, corporate valuations, frauds, regulatory and disciplinary investigations, insolvencies, risk management, and general dispute resolution.

These are avoidance schemes which use contrived arrangements to seek tax advantages in circumstances where the advantages are not intended to be available.

For example, in April 2013 the government introduced legislation to ban companies and individuals who took part in failed tax avoidance schemes from being awarded government contracts.

These measures come on the back of a significant Supreme Court decision last week relating to a tax avoidance scheme on bankers» bonuses.»

Most recently, the leak of financial documents known as the «Paradise Papers» exposed a network of tax - avoidance schemes used by the world's super-rich and famous.

Second, [HMRC] are likely to highlight avoidance schemes and seek to set them aside.

Congressman Rangel lacks clean bill of health: as he's tarnished with tax avoidance schemes in his own back ground, commenting on NYC Comptroller Candidate Eliot Spitzer who has a tarnished reputation to say the least, has me asking can we please hear from someone with a clean political rap sheet.

HMRC will continue to challenge in the courts and anyone who engages in tax avoidance schemes risk not only the high cost of these schemes but also lay themselves open to penalties and, potentially, prosecution.»

An incredible investigation into the Republican tax plan revealing that many of the biggest tax - avoidance schemes were left untouched — and a cottage industry has sprung up to cash in on one of them.

So Hempton's conclusion was that either the Times had the story wrong, and Trump wasn't able to avoid taxes, or Trump used some other tax avoidance scheme that was still hiding in his tax returns.

Part of the reason this feature was such a popular read was that it functioned as a bit of a Rorschach blot: some readers felt we were persecuting companies simply for being good at finding efficiencies within the bounds of the tax code; others felt we were glorifying unethical conduct and promoting aggressive tax avoidance schemes that are unethical even if legal.

One of the winning stories was «The Billion - Dollar Loophole,» an investigation into the Republican tax plan revealing that many of the biggest tax - avoidance schemes were left untouched — and a cottage industry has sprung up to cash in on one of them.

Allegations that late High Court judge Lionel Murphy had been involved in a tax avoidance scheme in Western Australia are contained in classified documents considered by a Parliamentary Commission of Inquiry released in Canberra today.

«U.S. multinational firms are the global grandmasters of tax avoidance schemes that deplete not just U.S. tax collection but the tax collection of most every large economy in the world,» said Edward D. Kleinbard, a former corporate tax adviser to such companies who is now a law professor at the University of Southern California.

Rather than pay his taxes like every other American Citizen, Mr. Romney created a legendary tax avoidance scheme to hide his profits from the country that made all of his success possible.

Match of the Day pundits Danny Murphy and Martin Keown have been handed a whopping # 2.5 m tax bill after investing in what turned out to be a tax avoidance scheme, The Sun reports.

MATCH of the Day star Danny Murphy has been clobbered with a # 2.5 million bill after investing in a tax - avoidance scheme.

April 11 — Scores of English professional footballers are facing huge fines for investing in a tax avoidance scheme, according to the country's Daily Mirror newspaper.

Commenting on today's government consultation paper on «Strengthening Tax Avoidance Sanctions and Deterrents», John Cullinane, Tax Policy Director of the Chartered Institute of Taxation, said: «This is the latest in a series of measures cracking down on those who profit from tax avoidance schemes.

The prime minister said that while he was against «aggressive tax avoidance schemes» in principle he did not think Barlow should have to hand back his OBE.

Current HMRC estimates say roughly # 5 billion was lost due to various tax avoidance schemes in the last year.

The Government need to be careful that in their efforts to wipe out avoidance schemes they don't prevent taxpayers from getting access to honest, impartial advice on the law.

«It has allowed a system to evolve where the die are loaded in favour of the promoters of tax avoidance schemes».

Clauses dropped from the pre-election bill and expected to be brought back include those on Making Tax Digital (although the implementation date for income tax is being postponed), corporate loss relief and interest deductibility, deemed domicile, VAT in relation to fulfilment houses and penalties for enablers of defeated tax avoidance schemes.