Sentences with phrase «offshore tax evasion»

Look for more money to be given to the Canada Revenue Agency to fight offshore tax evasion, an investment that has so far helped the CRA reap millions in extra tax dollars while at the same time achieving the aim of discouraging tax evasion by Canadians.

CRA is also creating an independent advisory committee on offshore tax evasion and aggressive tax planning.

The CIOT's submission to HMRC on Tackling offshore tax evasion: Civil sanctions for enablers of offshore evasion — can viewed here.

HMRC is under pressure to prosecute more people for offshore tax evasion, and FA 2016 introduced a new «strict liability» offence which may achieve this end.

OTTAWA — The Canada Revenue Agency says it won't hesitate to investigate new evidence of offshore tax evasion in the wake of a second massive leak of tax haven financial records.

The OECD is helping countries work together to put an end to offshore tax evasion by delivering a secure and cost effective system of a single global standard for automatic exchange of information.»

The 1st of January 2017 was a seminal date in the war against offshore tax evasion because it is the date on which financial accounts in existence in jurisdictions in the «late» adopters of the Common Reporting Standard (CRS), will have to be reported, even if they are closed after this date.

Tax advisers have welcomed the Government's decision, announced today, to restrict the use of a new «strict liability» offshore tax evasion criminal offence to situations where the amount of tax underpaid is # 25,000 or more.

In the very same paragraph, he mentions the penalty regime «already in force» for those who enable offshore tax evasion.

The CRS, introduced by the Organisation for Economic Co-operation and Development (OECD) as part of an effort to address offshore tax evasion, requires financial institutions to report to their government certain information about financial accounts held by non-residents.

The federal review of tax expenditures was announced in last year's budget alongside a pledge to give the Canada Revenue Agency more money to fight offshore tax evasion.

The ATT sets out its views1 in response to a government consultation on tackling offshore tax evasion.

With the clock ticking on HMRC's deadline on the new Requirement to Correct (RTC), the crackdown on offshore tax evasion and...

Tax advisers have welcomed the Government's launch of a debate over penalties for offshore tax evasion but expressed concern over proposals for a new criminal offence for those who fail to declare taxable offshore income and gains.

Lebouthillier also announced that a new advisory committee has been created to explore the issue of offshore tax evasion and aggressive tax planning.

The British government's attempt to crack down on offshore tax evasion is only yielding # 349 million ($ 492 million) a year, rather than the promised # 1 billion.

The date of 1 January 2017 also brought the start of Finance Act 2016 penalties for enablers of someone else's offshore tax evasion or careless non-compliance.

The CIOT supports HMRC's efforts to tackle offshore tax evasion and agrees that the Government should have appropriate powers and resources for combatting and investigating it.

HMRC's consultation, Tackling offshore tax evasion: Strengthening civil deterrents, can be read in full, here.

Look for more money to be given to the Canada Revenue Agency to fight offshore tax evasion, an investment that has so far helped the CRA reap millions in extra tax dollars while at the same time achieving the aim of discouraging tax evasion by Canadians.

The federal review of tax expenditures was announced in last year's budget alongside a pledge to give the Canada Revenue Agency more money to fight offshore tax evasion.

Martin O'Rourke, solicitor at Stokoe Partnership Solicitors, writes for The Barrister and explores the proposed Government Bill to fight offshore tax evasion.