Articles about tax

Paradise Papers reveal Apple moved bits of biz offshore

Apple has continued to avoid the heavier taxes that some countries would like to exact by moving parts of its company to Jersey, the Paradise Papers have revealed. Outlets that have perused the papers – a large scale leak of financial documents from offshore law firm Appleby – say they show how the company used the firm to …

Boffins befuddled over EU probe into UK's tax rules for multinationals

Experts are mystified as to why the European Commission has launched a probe into the UK tax arrangements of multinationals. Last week the commission opened an investigation into a UK government scheme it claims exempts large companies from anti-tax avoidance measures, believing the dispensation may break EU competition rules …
Kat Hall, 30 Oct 2017
HMRC photo, Gov.uk

Watchdog slams HMRC, Amazon over 'dismal' response to UK biz hurt by online VAT fraud

HMRC, Amazon and eBay have not done enough to crack down on overseas sellers evading VAT in the UK, a “dismal” failure that has hit British businesses hard, the House of Commons' Public Accounts Committee said today. The select committee's report, Tackling online VAT fraud and error, warned that online sellers who do not …
Kat Hall, 18 Oct 2017

Hi Facebook, Google, we think we might tax your ads instead – lots of love, Europe x

More details have emerged on the various plans being considered by European governments to force internet giants like Facebook, Google and Amazon to pay more in taxes, including a levy on internet ads and even withholding money for online transactions. Following a letter earlier this month from the finance ministers of Europe' …
Kieren McCarthy, 21 Sep 2017

EU's tech giant tax plan moves forward

A proposed plan to make sure that digital giants like Apple, Google and Facebook pay more in tax within Europe has moved forward with remarkable speed and a paper will be put to European governments at the end of the month. That's according to the European Commission's tax commissioner Pierre Moscovici, who told reporters [ …
Kieren McCarthy, 15 Sep 2017

Hi Amazon, Google, Apple we might tax you on revenue rather than profit – love, Europe

Fed up with how Amazon, Google and other American digital giants pay tiny amounts in tax, European ministers are proposing a big change: tax based on revenues rather than profits. A joint letter – signed by the finance ministers of France, Germany, Italy and Spain, Europe's largest economies – is forthright, stating: "We …
Kieren McCarthy, 11 Sep 2017
The Shard skyscraper in central London. Pic: Shutterstock

Corporate criminal tax offences likely to further increase HMRC's use of dawn raids, says expert

"Dawn raids" by HM Revenue and Customs (HMRC) on businesses and individuals are likely to remain high following the entry into force of new corporate criminal tax offences, an expert has said. The number of property raids carried out by HMRC as part of its clampdown on white collar tax evasion has increased by 34% over the …
OUT-LAW.COM, 9 Aug 2017
schoolchildren_kids_victorian_cropped

Now here's a novel idea: Digitising Victorian-era stamp duty machines

Government tech often gets slagged off for being old and clunky. But spare a thought for the folks issuing stamp duty, who have to handle machines from the 1870s which "close down" at 2pm every day to be cleaned. In a report this week [PDF], the Office of Tax Simplification urged the government to digitise paper stamp duty on …
Kat Hall, 14 Jul 2017
HMRC photo via Shutterstock

NAO: Customs union IT system may not be ready before Brexit

Plans by HMRC to overhaul the clunky IT system underpinning £34bn in tax at the border may not be complete before Brexit, the UK government's spending watchdog has warned today. The National Audit Office said there is a risk that HMRC will not have the full functionality and scope of the Customs Declaration Service (CDS) in …
Kat Hall, 13 Jul 2017
French

Guess who doesn't have to pay $1.3bn in back taxes? Of course it's fscking Google

Google has narrowly avoided a massive €1.12bn ($1.28bn, £990m) back-tax bill for earnings in France, thanks to not setting up an office in Paris. The search engine giant underpaid taxes on its income in France for five years, according to the authorities who sued the American giant's European's subsidiary, based in Dublin, to …
Kieren McCarthy, 12 Jul 2017

NHS U-turns on blanket IR35 tax crackdown

The UK National Health Service has repealed its blanket decision to shove contractors inside the IR35 tax clampdown by default. Last month the government shifted responsibility for compliance with the IR35 legislation from the individual contractor to the public body or recruitment agency. The Treasury says it hopes to raise £ …
Kat Hall, 31 May 2017
An unhappy driver

Uber found to be doing something awful? Yep, it's Tuesday

Uber said today that it will hand drivers back pay that could add up to tens of millions of dollars. The dial-a-ride app maker said that some drivers in New York were incorrectly compensated (read: ripped off) for fares on some rides. The back pay is from what's said to be a "miscalculation" of the drivers' cuts of trip fares …
Shaun Nichols, 23 May 2017
Stealth_bomber

Northrop Grumman can make a stealth bomber – but can't protect its workers' W-2 tax forms

Northrop Grumman has admitted one of its internal portals was broken into, exposing employees' sensitive tax records to miscreants. In a letter [PDF] to workers and the California Attorney General's office, the aerospace contractor said that between April 18, 2016 and March 29, 2017, crooks infiltrated the website, allowing …
Shaun Nichols, 24 Apr 2017
Parliament photo by Shutterstock

Gov may need to splash £245m per year on IT contractors – NAO

The government will need to splash £145m per year on 2,000 digital staff - or £244m using contractors - if it is to meet the serious shortfall in skills, according to the National Audit Office. A lack of capability in government is even more pressing as departments face the twin challenge of adopting new digital technologies …
Kat Hall, 24 Mar 2017
Bezos

Amazon dodges $1.5bn US tax bill: It's OK to run sales through Europe out of IRS reach – court

Champagne corks will be popping in Seattle after US taxmen lost their case against American web giant Amazon over the non-payment of taxes on overseas earnings. On Thursday, the US Tax Court ruled [PDF] in favor of Amazon, saying it was legal for the internet souk to channel its European sales through a low-tax Luxembourg …
Iain Thomson, 24 Mar 2017
Sheep, image via Shutterstock

New Zealand puts the bite on Apple over taxes

New Zealand has joined the international criticism of Apple's tax arrangements, with NZ$4.2 billion worth of sales over ten years yielding zero tax in the country. It did pay some tax in that period – a paltry $37 million – but that was remitted to the Australian Tax Office. The revelations made by the New Zealand Herald …
HMRC photo via Shutterstock

UK.gov gears up for IR35 private sector crackdown – say industry folk

The UK government is gearing up for a massive tax clampdown on private sector contractors, in an extension of its IR35 regime to hundreds of thousands of freelancers outside the public sector. This according to multiple contractor recruitment heads, with one claiming those plans have already started and will be introduced next …
Kat Hall, 16 Mar 2017
Philip Hammond photo by Inna Sokolovska via Shutterstock

National Insurance tax U-turn: Philip Hammond nixes NIC uptick

Chancellor Philip Hammond is to scrap a planned hike in UK National Insurance Contributions (NIC) in an embarrassing U-turn today. In a letter to Tory MPs, Hammond confirmed the £2bn, 2 per cent hike to Class 4 National Insurance for the self-employed will not go ahead - just one week after he announced the plans in his Spring …
Kat Hall, 15 Mar 2017

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