UBS knew it was acting illegally
Wednesday, July 23rd, 2008I have been reading the US Senate report on tax havens that focuses on LGT and UBS. I have already reported my doubts about the
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The US on the trail of Cayman
Tuesday, July 22nd, 2008The UK may not be interested in tax havens, but the US certainly is. The Senate Finance Committee is holding a hearing on the Cayman
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Foreign profits: time for a rethink
Tuesday, July 22nd, 2008The Treasury has indicated that the current round of consultation on the taxation treatment of foreign profits has come to an end. The reasons have
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Is the Treasury asking the right questions?
Sunday, July 20th, 2008Nick Mathiason noted in the Observer today that: As Alistair Darling mingled with the press at the Treasury’s summer drinks party last Tuesday, officials expressed
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Who is driving any exit from the UK? The professionals, of course
Friday, July 18th, 2008The ICAEW and CIOT have called for a review of UK taxation to make our system more attractive to multinationals (see previous blog). But then
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Are the CIOT / ICAEW really asking for the UK to copy Ireland?
Friday, July 18th, 2008The ICAEW and CIOT have jointly written to the Treasury asking that the current review on the future of UK corporation tax be expanded. I
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UBS: their business model was illegal
Thursday, July 17th, 2008This report is typical of many tonight: UBS admitted it broke U.S. law in setting up sham offshore tax shelters for wealthy Americans and agreed
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UK Treasury Select Committee must listen to the US Senate
Thursday, July 17th, 2008The Senate Permanent sub-Committee on Investigations issued a press release yesterday saying (no link yet): At a Thursday hearing entitled, Tax Haven Banks and U.S.
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CDC: Depressing, isn't it?
Wednesday, July 16th, 2008I listened to the Radio Four programme on the Commonwealth Development Corporation (CDC) yesterday, and was depressed. It’s depressing that CDC and its investment managers
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