Oct 30, 2009
The Italian branches of Swiss banks were raided by the Guardia di Finanza on October 30th. According to Italian authorities, the operation was aimed at ensuring that all relevant taxation data was being provided by Swiss banks to the Italian tax authorities. In total, 76 branches were visited across northern Italy by the Italian Financial [...]
The Italian branches of Swiss banks were raided by the Guardia di Finanza on October 30th.
According to Italian authorities, the operation was aimed at ensuring that all relevant taxation data was being provided by Swiss banks to the Italian tax authorities. In total, 76 branches were visited across northern Italy by the Italian Financial Police, Guardia di Finanza, and tax inspectors from the Agenzia delle Entrate, Italy's Inland Revenue Services equivalent.
While no banks opted to comment on the raids, the ... Read More
Oct 29, 2009
The European Commission (EC) has declared that a tax break available to Spanish companies participating in corporate takeovers is illegal and should be revoked. Following an investigation initiated in 2007, the EC concluded on the 28th of October that tax breaks received by Spanish companies completing corporate takeovers of non-Spanish entities within the European Union, [...]
The European Commission (EC) has declared that a tax break available to Spanish companies participating in corporate takeovers is illegal and should be revoked.
Following an investigation initiated in 2007, the EC concluded on the 28th of October that tax breaks received by Spanish companies completing corporate takeovers of non-Spanish entities within the European Union, are illegal. Instated in 2002, the law allowed Spanish companies to deduct the goodwill element of a takeover transaction. The EC has decided that it will require ... Read More
Oct 28, 2009
Dough Shulman, US Internal Revenue Service (IRS) Commissioner, has revealed that the department has initiated a new audit program aimed at catching high-wealth tax cheats. Speaking at a conference for the American Institute of Certified Public Accountants (AICPA) on the 26th of October, in Washington DC, Doug Shulman announced the creation of the Global High [...]
Dough Shulman, US Internal Revenue Service (IRS) Commissioner, has revealed that the department has initiated a new audit program aimed at catching high-wealth tax cheats.
Speaking at a conference for the American Institute of Certified Public Accountants (AICPA) on the 26th of October, in Washington DC, Doug Shulman announced the creation of the Global High Wealth Industry Group (GHWIG). According to the IRS Commissioner, the unit will conduct “a small number” of audits on individuals with assets “in the neighborhood of $30 ... Read More
Oct 27, 2009
The Green Fiscal Commission (GFC) is recommending that the UK government instates a number of new “green“ taxes. In a report released on October 26th, the GFC recommended that the UK government implements a set of new tax measures aimed at reducing carbon emissions and creating new jobs. The report is the conclusion of a [...]
The Green Fiscal Commission (GFC) is recommending that the UK government instates a number of new “green“ taxes.
In a report released on October 26th, the GFC recommended that the UK government implements a set of new tax measures aimed at reducing carbon emissions and creating new jobs. The report is the conclusion of a two-year study, which examined similar attempts across Europe.
The GFC is recommending a total of £150 billion in new taxes. The list of ideas includes a £300 rise in ... Read More
