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The idea of a new lottery in Slovakia is to encourage citizens to collect sales receipts and register them with the government, forcing restaurant and shop owners to pay the taxes they owe.Chris Bale's insight:Over the last 10 years, Slovakia’s revenue from value-added taxes, a type of sales tax, has declined. But hiring auditors and pursuing individual
Chris Bale's insight:The RCMP’s National Division Integrated Technological Crime Unit (ITCU) has charged a 19 year old London, Ontario man in relation to the malicious breach of taxpayer data from the Canada Revenue Agency (CRA) website.Stephen Arthuro Solis-Reyes was arrested at his residence on April 15 without incident. He faces one count of Unautho
Solihull law firm headed by Mike Gahan continues deals trend with latest acquisitionChris Bale's insight:Ok first off, this is a small law firm acquiring a majority stake in the small accountancy firm. However, I do think it is newsworthy because of the substantial one way traffic of lawyers joining accountancy firms. Many believe that an integration o
Below is an excerpt from an article in the Guardian a few weeks ago. At first I thought it was a spoof, but no, the EU really is funding anger management classes for 4,000 Greek tax staff.Chris Bale's insight:Below is an excerpt from an article in the Guardian a few weeks ago. At first I thought it was a spoof, but no, the EU really is funding anger man
Over 330 senior tax officials from more than 110 jurisdictions and international organisations met in Paris on 26-28 March 2014 during the 3rd Annual Meeting of the Global Forum on Transfer Pricing. The meeting was especially targeted at discussing solutions to base erosion and profit shifting (BEPS) as reflected in the transfer pricing action points of the
The Tax Office is allowing Australians with money parked in offshore accounts to avoid harsh penalties by coming forward.Chris Bale's insight:The Tax Office is allowing Australians with money parked in offshore accounts to avoid harsh penalties by coming forward, in an amnesty program worth up to half a billion dollars.ATO Commissioner Chris Jordan will
Public accounts committee chair says tax official's use of powers to track down journalist had 'shocked her to the bones'Chris Bale's insight:MPs have criticised Britain's leading tax official after HM Revenue & Customs used powers meant to catch terrorists to hunt down an employee who exposed a secret multimillion-pound "sw
Caterpillar Inc. began defending its international tax maneuvers as a U.S. Senate investigative panel set an April 1 hearing to examine the company’s “offshore tax strategy.”Chris Bale's insight:Caterpillar Inc. began defending its international tax maneuvers as a U.S. Senate investigative panel set an April 1 hearing to examine the company’s “offshore
Countries withdraw veto against automatic exchange of account information.Chris Bale's insight:A five-year-long deadlock over European Union member states sharing more information on tax ended last night (20 March), as the leaders of Luxembourg and Austria, the two member states opposing the proposal, withdrew their opposition.The progress represents an
Ukraine's parliament is to consider draft laws which would ban foreign-currency bank deposits and introduce a 25% tax on interest on deposits in banks and other financial institutions in circumstances where the interest received is more than 5% above the rate set by the National Bank of Ukraine.Chris Bale's insight:From Tax-News.com Moscow desk....