56677
Tough Rules for Tax Avoidance
Tough Rules for Tax Avoidance

Tough Rules for Tax Avoidance

Tough Rules for Tax Avoidance

Accountants or advisers who help people bend the rules to gain a tax advantage never intended to face tougher fines under new penalties proposed by the British Treasury, BBC reported. A fine of up to 100% of the tax that was avoided—including via off-shore havens—has been suggested in the new rules, published for consultation. Currently those who advise on tax face little risk, while their clients face penalties only if they lose in court. The rules would “root out” tax avoidance at source, the treasury said. The rules in the consultation document also make it simpler to enforce penalties when avoidance schemes are defeated.

 

Short URL : https://goo.gl/4uazY0
  1. https://goo.gl/oALhKl
  • https://goo.gl/EBUUXY
  • https://goo.gl/FgZxCV
  • https://goo.gl/cbwQiF
  • https://goo.gl/0stvCV

You can also read ...

Bithumb Hacked, $32m in Cryptocurrency Stolen
Cryptocurrencies dropped after the second South Korean...
South Africa GDP Shrinks
South African gross domestic product shrank 2.2% in the first...
Washington in March imposed tariffs of 25% on steel and 10% on aluminum, in a move mainly aimed at curbing imports from China.
Russia said on Tuesday it would impose import duties on US...
Saudi Arabia, which employs about two-thirds of its citizens, is chipping away at a budget deficit that ballooned to almost 16% of GDP after the oil shock of 2014, while FDI slumped more than 80% last year.
Show up, swipe in. The routine is familiar to office workers...
Taxes in Italy Drive Economy Underground
Italy grew rapidly over the 20th century, and its black market...
European businesses say it has become harder to do  business in China over the past year.
European companies complain they still face a tough business...
Credit Crunch Pushing Sweeping Changes in Ethiopia
In a surprise move, Ethiopia’s government announced it would...
Australian Telecom Co. to Axe 8,000 Jobs
Australia’s dominant telecommunications company Telstra...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus