Tag Archives: avoidance

HMRC Double Standards over Low Tax Amazon

Reports of an EU probe into Luxembourg’s tax subsidy for Amazon selling books across the EU, including in the UK. It’s said under a special agreement with Luxembourg Amazon only paid 1% of its European income to Luxembourg. The benefit … Continue reading

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Barclays Implicated in US Tax Scams

A US Senate committee report has said Barclays bank was involved in dubious dealings to let help hedge funds avoid tax. The details of the basket option deals used are quite technical, suffice to say private tax avoidance at public expense. The … Continue reading

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Tax Avoidance Schemes: Reality vs. Wishing

News that the firm behind a defeated tax scheme used by pop stars is threatening to sue the national firm of accountants who acted for the firm at the Tax Tribunal. Quite what a possible claim would be for I … Continue reading

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Coffee Chains, Tax and Customer Reaction

Non-EU internet companies and coffee chains making money out of the UK but not paying UK tax if they can legally avoid it – just keeps rumbling on. The latest twist I’ve seen is a customer returning their loyalty card … Continue reading

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HMRC Looking at Charity Tax Law – Tax Avoidance

I have an interest in tax and charities and now see that charities set up just for tax avoidance purposes are in HMRC’s sights. While acknowledging the contribution of the charity sector, HMRC are worried about a few extreme cases … Continue reading

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Italy to Tax Italian Internet Advertising

Italy from July 2014 will make Italian companies buy their Italian internet adverts in Italy. The move will combat tax abuse by non-EU internet companies which force Italian companies to buy adverts through tax havens, so as to pay little … Continue reading

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Ireland Says it Will Close US Company Tax Loophole

Ireland has said it is to close one of the channelling-things-through-Ireland tax loopholes used by US companies making profits in Europe to avoid paying tax. These things then get re-channelled to a tax haven in another continent, with what is … Continue reading

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Property Tax / Rental Income – Out of Tune

As a tax barrister I was interested to see that a commercial property company owned by a political party (Labour) has not paid any tax since 2003. Despite millions in rental income over the years it somehow made losses. This was partly due … Continue reading

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Off-Shoring not what it used to be!

The British Virgin Islands (BVI) Premier Orlando Smith has said the talks between BVI and US on their compliance with the crack down of offshore tax evasion. From next year US taxpayer will have to provide fuller details of any overseas assets. BVI are one of … Continue reading

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