Income Tax

U.S. Leaves Door Open to Talks With China Amid Trade-War Fears
20 Apr

U.S. Leaves Door Open to Talks With China Amid Trade-War Fears

The Trump administration indicated it’s willing to negotiate with China on escalating frictions between the world’s two biggest economies, helping to ease fears among investors of a tit-for-tat trade conflict. U.S. Commerce Secretary Wilbur Ross said China’s response isn’t expected to disrupt the U.S. economy. In an interview on CNBC on Wednesday, he said China’s…

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Tax Insights: Government targets tax planning using private corporations
07 Dec

Tax Insights: Government targets tax planning using private corporations

In brief Legislative proposals and a consultation paper issued on July 18, 2017, target three tax planning strategies that, in the government’s view, use private corporations to gain unfair tax advantages for high-income individuals. The releases result from the government’s commitment, as stated in its March 22, 2017 budget, to review this area and propose…

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Exchange of information and voluntary disclosure(UK)
26 May

Exchange of information and voluntary disclosure(UK)

From 2016 58 counties have signed up to automatically exchange information about assets and income to other relevant authorities such as HMRC and from 2017 a further 35 countries will join the club. This will impact on: UK residents with undisclosed assets overseas UK residents with complex structures in place involving overseas assets as these…

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