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  • Tom Wesel
  • Tom Wesel

    Shooting the messenger, or even the odd job man

    HMRC’s proposed penalty regime for enablers of avoidance   On 17 August, HMRC launched a consultation on imposing potentially ruinous sanctions on those who “enable tax avoidance” where HMRC defeats the arrangement in question. The proposals are unworkable in their current form and one has to hope they were only a “ranging shot” in a battle between HMRC and the profession. As drafted, they target anyone who provides advice, acts as an introducer or intermediary…

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    October 26, 2016 Posted by:

  • Zoe Wyatt

    How to vote in the EU Referendum if it were only about tax…

    Forgive them, for they know not what they do… Is the EU Anti Tax Avoidance Directive the last straw the UK needs to leave the EU today? And would the UK be more tax-competitive out of the EU? At midnight, on Monday 20th June, the European Council of the European Union (ECOFIN) approved the draft Anti Tax Avoidance Directive (ATAD). The European Commission (EC) clearly doesn’t trust Member States of the EU to implement the…

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    June 23, 2016 Posted by:

  • Milestone Briefing Note – UK Partnerships

    Over the past year we’ve worked on a number cross border transactions (inbound / outbound investment, reorganisations etc) in conjunction with tax advisers from various parts of the world. A common feature has been the interest in using a UK partnership (in one guise or another). This briefing note highlights the main features and tax treatment of all UK partnerships.

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    February 24, 2016 Posted by:

  • Miles Dean

    GOOGLEGATE 2.0!

    As a follow up to our ‘Googlegate’ blog post from Tuesday this week we have been asked by various readers of the blog, including journalists, whether we think HMRC should publish details of the ‘deal’ done with Google. Essentially, the issue is that of balancing Google’s interest in avoiding confidential information reaching the public domain whilst pacifying claims that a ‘sweetheart deal’ has been done.

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    January 29, 2016 Posted by:

  • Miles Dean

    GoogleGate!

    Once again it’s everywhere: Google’s tax affairs are in the newspapers, on the TV and radio. It certainly makes for great headlines – Google, the US technology giant, has agreed to pay HMRC £130m in back taxes and bear a greater tax burden in the future. Opinions vary from those who claim that the extra £130m is a derisory figure compared with the company’s turnover, to those who see it as only right to pay what is provided by law and nothing more.

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    January 26, 2016 Posted by:

  • Miles Dean

    Join us at the Transnational Tax Network Conference in Hong Kong

    We’re pleased to announce that both Miles and Zoe will be speaking at the Transnational Tax Network conference at Hong Kong’s Park Lane Hotel on Monday 9th February.

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    February 5, 2015 Posted by:

  • Rozi Ellis

    Don’t Get Clawed by the Russian Bear – Introducing the New CFC Rules

    The Russian Federation marked the end of an unpredictable 2014 by tightening its regulations on offshore companies in an attempt to protect its tax base and prevent outflows of capital.

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    February 4, 2015 Posted by:

  • Miles Dean

    Puerto Rico Tax Exemptions Acts

    In an attempt to stimulate domestic economic growth, the government of Puerto Rico enacted two laws (in 2012) that provide generous tax incentives for individuals and businesses. While such Acts are not unusual for smaller island states, these two Acts are unique in that they potentially provide US citizens with a significant tax advantage.

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    January 8, 2015 Posted by:

  • Miles Dean

    An Open Response to the Evening Standard Re STARBUCKS

    In yesterday’s Evening Standard (1 December 2014), Starbucks new UK Chief Exec was interviewed and quoted as saying “There is nothing abnormal about the way we are run”. The Standard then ran an editorial piece on the interview that I referred to as “astonishingly ignorant” in a tweet on the way home.

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    December 2, 2014 Posted by:

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