Sentences with phrase «tax 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!

There will also be a new penalty for repeated use of tax avoidance schemes.

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.»

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.

Jeff Kolodny, a member in the firm's Private Client Services Group, participates in a discussion on NPR about a recent document leak by a former employee of HSBC, showing the bank's aggressive nature in marketing tax avoidance schemes to clients.

Alongside avoiders, there are measures to beef up the powers to expose promoters of aggressive tax avoidance schemes.

The CIOT believes that the more straightforward the tax system the less opportunities there are for aggressive and abusive tax avoidance schemes; and the less need there is for costly HMRC intervention.

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.

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.

New rules are to be introduced that enable HMRC to penalise professionals who promote tax avoidance schemes that are defeated in the courts.

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.

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.

Perhaps her next move would be to get Nadine Coyle and Sarah Harding to join an elaborate tax avoidance scheme.

There are significant fines for failing to disclose tax avoidance schemes, but promoters are said to be seeking to remain within the rules by finding business models that are not subject to DOTAS.

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.

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».

MTAR test has been effective in stopping the use of insurance as tax avoidance scheme.

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.

Five Justices unanimously dismissed the appeal by the liquidators over a controversial tax avoidance scheme.

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.

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.

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

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.

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.

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.

An SNP spokesman said: «Phil Boswell has always made declarations on his register of interests in line with guidelines and is committed to ending tax avoidance schemes.»

Tony Blair might even be moved to give up his labyrinthine tax avoidance schemes.

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.

Said senator Ron Wyden of Oregon, the ranking Democrat on the Senate Finance Committee: «What we are seeing is yet another sophisticated federal tax avoidance scheme.»

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.

«In my experience, investors in fraudulent tax avoidance schemes are... Read more»

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.

The consultation, published today by HM Revenue & Customs, says that advisers — including lawyers, banks and accountancy companies — whose tax avoidance schemes are defeated in court may have to pay up to 100 % of the tax avoided in fines.

Public indignation about secretive tax avoidance schemes followed.

Former Slaughter and May partner and incoming Financial Conduct Authority (FCA) chairman Charles Randell has admitted that he made an «error of judgement» in relation to investments made into a controversial alleged tax avoidance scheme.

Representing company directors in Tax Tribunal where HMRC seek penalties in respect of a declared tax avoidance scheme, which failed.

A row over bundles has marked the conclusion of a long - running dispute between Eclipse Film Partners, the promoters of a film partnership tax avoidance scheme, and HMRC.

The background to the case was that the directors had caused X Ltd to enter into an unsuccessful tax avoidance scheme.

HMRC recognises that a number of high net worth individuals use high risk tax marketed tax avoidance schemes.

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.

The underlying facts involved what the Canada Revenue Agency (CRA) alleged was an abusive tax avoidance scheme.

Apple is also under fire for its elaborate tax avoidance schemes (avoidance = legal; evasion = illegal).

ShareBetter has countered with spots accusing the company of engaging in tax avoidance schemes and its hosts of engaging in racial discrimination.

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.