³ÉÈËÓ°Òô

Tax News

OECD highlights tax evasion and avoidance duties following Pandora Papers leak

Published on: 15 October 2021
Published by a

Specialist Tax Regulatory Materials

Article summary

The Organisation for Economic Co-operation and Development (OECD) has published a statement by Bob Hamilton, Chair of the Forum on Tax Administration (FTA) and Chris Jordan, Chair of the FTA’s Joint International Task Force on Shared Intelligence and Collaboration (JITSIC), on the recent leaking of the Pandora Papers. According to the statement, the FTA, given its relationships established through the JITSIC, is able to establish a collaborative approach to ‘identifying and addressing aggressive tax avoidance and tax evasion involving multiple jurisdictions once the data becomes available’.

Jurisdiction(s): World

Popular Articles

Parking provision and expenses

Parking provision and expensesCar parking facilities at or near to the employee’s workplaceThere is an exemption from tax and NIC where an employer provides parking, or pays for or reimburses an employee for the costs associated with car parking at or near the place of work; there are no reporting

14 Jul 2020 11:09 | Produced by Tolley Read more Read more

Terminal trading loss relief

Terminal trading loss reliefTerminal loss relief for trade losses in the final 12 monthsTrading losses incurred by a company in the final 12 months leading up to the discontinuance of trade may be carried back for up to three years from the period beginning immediately before that 12-month period.

14 Jul 2020 13:49 | Produced by Tolley Read more Read more

Holding companies ― VAT status of activities

Holding companies ― VAT status of activitiesThis guidance note examines how to determine the VAT status of a holding company’s activities. In particular, it looks at:•when a holding company is or is not in business•if a holding company is in business, whether its activities are exempt or taxableThe

14 Jul 2020 17:13 | Produced by Tolley Read more Read more