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Tag: Tax Avoidance

Starbucks’ EU unit paid just 2.8% in UK tax last year

The European division of Starbucks paid an effective tax rate of 2.8% in the year ending October 2017, after taking into account payment transfers from other parts of the business, the Financial Times reported.
New York Governor Andrew Cuomo

New York just became the first state to try to help people dodge a big change in the new GOP tax law — and it could backfire

New York passed a budget that included two tax workarounds to avoid a feature of the Republican tax law.

How South Korea names and shames tens of thousands of tax-dodgers every year

That's a huge deal in South Korea where the culture cares very much about saving face and avoiding embarrassment at all costs.
A beach in Barbados, a country named in the blacklist.

The EU has published its first ‘blacklist’ of tax havens — here are the named countries

The EU published a list of 17 blacklisted countries on Tuesday, and a "greylist" of 47 more.
Britain's Prime Minister Theresa May and her husband Philip May are seen at the G20 summit in Hamburg, Germany July 7, 2017.

REPORT: Theresa May’s husband’s firm named in the Paradise Papers leak

Philip May works for Capital Group, which was named in the Paradise Papers data leak, according to Private Eye magazine.

The Queen’s complicated tax status — explained

The Paradise Papers leak has sparked debate about whether the Queen should have offshore investments.
Jeremy Corbyn and the Queen

Jeremy Corbyn calls for the Queen to apologise for avoiding tax

Labour leader says there is a "super rich elite" that holds the rest of the country in contempt.
Tax march London

PwC: The use of tax havens to avoid paying taxes will soon be ‘unacceptable’

The firm said the public demand for tax transparency and for companies to pay their "fair share" was growing.

Self-employed freelancers may be at risk in £1.2 billion tax crackdown

New rules introduced for public sector workers in April may be extended to cover those working in the private sector.

‘Life-changing consequences:’ HMRC warns on risks of hiding wealth offshore in new crackdown

Letters penned by HMRC are being sent out by financial institutions, warning of the upped risks of evading tax in a new crackdown.