Interesting times in the US, as KPMG is negotiating with the US Justice Department over an investigation into alleged use of improper tax shelters for high net worth clients of the firm. These allegations cover a period from 1996 to 2002 and the firm could face criminal prosecution.
A statement from the firm reads “KPMG […]
The Revenue have for a long time been unhappy with family run businesses where the shares are held by a husband and wife, on the basis that there is a suspicion that one of the spouses is not in fact contributing to the business.
The Revenue took action against a company in Cumbria called Arctic Systems, […]
For those of you with clients who make use of Swiss bank accounts but keep you (as their advisor) in the dark, the following might be worth mentioning to them:
Switzerland has signed a deal with the EU to combat allegations of tax fraud on a huge scale. Tax evasion in Switzerland is dealt with by […]
There seems to be a general feeling in the US and Europe that demand for Transfer Pricing services will be growing. Evidence for this comes from recent senior hires that have taken place on both sides of the Atlantic.
Ballentine Barbera, the US based TP boutique has hired Ted Keen to open its London office. Mr […]
I am currently doing some work for one of the Big 4 firms in Moscow, recruiting a tax manager for them. It has been some years since I have actively worked in the Russian market and in the course of updating my knowledge of firms in the region, I came across this recent press release […]
A recent survey undertaken by Forbes magazine assessed that relative attractiveness of countries for capital investment and talent, using tax rates. Taking into account both direct and indirect taxes, top of the list was the United Arab Emirates as the most attractive country. Hong Kong, Cyprus and Georgia followed.
A related survey looked an employee […]
