Although this act is likely to further deteriorate FDI performance in the short term, it will undoubtedly improve Bulgaria's global investment climate in the long run, Global Risks Insights reports.
The 67-year-old Conservative supporter said: ‘I never understood why companies should pay tax. They don’t have a vote. If they didn’t have to pay tax, they would come here in droves and employ millions of people who would pay loads of ta
In the interest of increasing the traceability of payments in Italy, and thereby reducing the opportunities for tax evasion, cash payment for certain types of goods and services will be forbidden from January 1, 2014.
Labour criticised the government after the Treasury minister, David Gauke, admitted in reply to a parliamentary written question that four employees of HMRC are working to capture 124 tax fugitives.
Deutsche Bank on Thursday said it did not expect to have to make payments to cover back taxes by clients, after some of its banking rivals ran into trouble over a tax rebate strategy known as "dividend stripping."
Deutsche Bank's failure to turn over e-mails in a tax probe that led to the arrest last year of five employees may have been caused by errors at International Business Machines, which managed the bank’s data storage.
Last year, the Italian was paid £1.8m, including a cash bonus of £1.4m. It was not an uncommonly good package by the his standards: the previous year saw him earn £2m.
Russia needs to address the problem of illicit capital outflow and tax evasion, and more effort needs to be put into supporting economic growth in the Far East, according to the President Vladimir Putin.
FATCA, which comes into force on July 1, 2014, will collect information on accounts held by U.S. taxpayers in all the countries.
HMRC’s tax take from investigations into highly paid foreign City workers living in the UK has jumped to record levels, according to data obtained by Pinsent Masons, the international law firm.