Gordon Brown

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Non-Profits Receive Deadline Extension

Over 300 000 US charities are at risk of losing their tax exemption status, unless they make use of the Government’s new tax return filing deadline extension.

UK Consulting on Tax Issues

The UK Government is taking action to show national taxpayers and international investors that the country “is open for business”, by initiating an extensive round of public consultation of tax system legislation issues.

Tax Collection from Oil Exceed Industry Profit

The oil and gas industry is facing heavy criticism from the media, the public, and subsequently US Government politicians, under the assumption that the sector is under-taxed and action has to be taken to correct the situation. However, tax revenues arising from the sector in recent years have eclipsed the profits made by the entire oil extraction and exploration industry.

International Fight on Foreign Bribery Lagging

Countries representing an approximate 70 percent of world trade have been deemed as not having taken enough action to combat the occurrence of international bribery.

OECD Updates Several Tax Guidelines

In an effort to maintain a relevant and up-to-date set of instruments to facilitate international tax agreements and transactions, the Organization for Economic Cooperation and Development has published revised versions of its vital documents.

Nov 9, 20090

Tobin Tax Splits G20 Summit

Categories: International Tax Cooperation, Taxation in Canada, Taxation in EU, Taxation in France, Taxation in Germany, Taxation in UK, Taxation in USA

Gordon Brown, UK Prime Minister, brought forward a suggestion at the G20 summit, to instate a global foreign currency transaction tax on banks (commonly referred to as a Tobin Tax). The idea created an almost immediate split of opinion within the G20. At the G20 Summit on November 7th, in St. Andrews, Scotland, the UK Prime Minister suggested banks be levied with a tax on their financial transactions. Gordon Brown made it clear that he wishes to see the burden of bank bailouts ... Read More

Sep 22, 20090

UK Promises to Further its Fight on Tax Evasion

Categories: International Tax Cooperation, Offshore Banking, Tax Havens, Taxation in EU, Taxation in UK

The United Kingdom looks set to increase efforts to combat tax evaders. Speaking on the 21st of September in regards to the upcoming G20 summit in Pittsburg, Stephen Timms, UK Financial Secretary, has decried tax evasion as being morally wrong, he then proceeded to claim that further efforts will soon be made to "tilt the game back towards honest, hard-working taxpayers". It was announced on the same day that Alistair Darling, Chancellor of the Exchequer, will use his Pre-Budget Report to instate tougher ... Read More

Jul 29, 20090

Directors Urge Embrace of Tax Haven Policy for UK

Categories: Tax Havens, Taxation in EU, Taxation in UK

The Institute of Directors of UK, in a paper released on the 27th of July is urging the UK Government to embrace the concept of tax havens as opposed to the current policy of attempting to combat them. The primary crux of the paper urges the UK government to relax some taxation rules surrounding UK based business, hedge-funds were a primary example. Specifically in regards to this, the paper says "If the UK's tax rules were amended, hedge fund assets could be held ... Read More