In remarks made at the Economic Club in Washington, DC yesterday, US Treasury Secretary Jack Lew said the US has the structure to get the corporate tax rate down to 28%.
Guernsey has signed a tax information exchange agreement (TIEA) with Switzerland, taking the number of such agreements signed by the UK crown dependency to 46.
Tax justice campaigners have commissioned a formal legal opinion from law firm Farrer & Co, which states that UK company directors have no fiduciary duty to their shareholders to mitigate their tax liability through tax avoidance techniques.
A change in government means a change in policy. Australians went to the polls on September 7 to elect a new federal government and it is clear the previous Labor government will be replaced by a coalition formed by the Liberal and National parties. Tax policy was a key division between the parties pre-election, so taxpayers should prepare for changes.
Indirect tax issues have been a point of contention in Australian politics ever since former Prime Minister Julia Gillard went back on her pre-election promise not to introduce a carbon tax. A new government has now taken office, and the removal of Gillard’s carbon pricing mechanism and minerals resource rent tax (MRRT) will be high on its agenda.
