Menu

More News

Recent Focus on Abusive Transfer Pricing Moves Us in the Right Direction
August 9th, 2010
Transfer pricing, specifically the abuse-thereof, has found itself in the spotlight recently. This highly technical accounting procedure, which multinational corporations use to shift assets between subsidiaries, went years without much media or congressional attention. That all seems to have changed. (Of course, not all transfer pricing is abusive, but I'm not going to try to explain the intricacies of transfer pricing in this post—my colleague Collin Swan did a pretty good job of that here last week.) Abusive transfer pricing is a serious problem which began to seriously attract media attention after Jesse...
Continue Reading
So refreshing to see someone telling the truth
September 29th, 2009
FT.com / Entrepreneurship - Tax crackdown defended.

A leading adviser on research and development tax credits has leapt to the defence of HM Revenue & Customs (HMRC), claiming its officers are right to crack down on those trying to exploit the system.

Peter Denison-Pender, managing director of Alma Consulting, refuted claims made by accountancy Grant Thornton earlier this month that tax inspectors were being unfairly tough with companies seeking R&D tax credits.

“HMRC is not the bad guy here,” Denison-Pender said. “All they are doing is clamping down on...

Continue Reading
HMRC: Reporting Tax Evasion Online
September 29th, 2009
Richard Murphy notes that HMRC has launched a new web-form which allows you to report tax evasion online. Strangely, though, the form times out if you haven't finished within 15 minutes - a relatively short amount of time given the length of the form. I understand the logic of timing out a webpage after a certain amount of time - perhaps an hour or so - but 15 minutes is a little ridiculous. Nevertheless, it's nice to see HMRC taking a proactive approach.
Continue Reading