June 29th, 2009
This is the
Tax Code of Conduct for Banks on which the government is now consulting:
OVERVIEW
1. The Government expects that banking groups, their subsidiaries, and their branches operating in the UK, will comply with the spirit, as well as the letter, of tax law, discerning and following the intentions of Parliament.
1.1 This means that banks should:
• adopt adequate governance to control the types of transactions they enter into;
• not undertake tax...
June 26th, 2009
Finance ministers meet (sic) in Berlin on Tuesday 23rd June to review the international crackdown on tax havens. The meeting was organised by the French and German finance ministries and was also attended by Hans-Rudolf Merz, Swiss finance minister. Interestingly, this meeting has been the occasion for the UK to announce its support for Country by Country reporting in order to fight aggressive tax avoidance, informs recent article in the Financial Times.
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June 26th, 2009
The United Kingdom welcomes Jersey’s progress in signing Tax Information Exchange Agreements, which strengthen its reputation as a jurisdiction committed to good governance in tax matters. Noting that Jersey recently concluded its fourteenth agreement, Financial Secretary to the Treasury, Stephen Timms, said:
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June 22nd, 2009
Two months ago G20 leaders pledged a crackdown on tax havens in response to the global financial crisis. But how much has changed?
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