The guidance is welcome, but does not ensure plain-sailing as uncertainty remains China's State Administration of Taxation (SAT) has issued guidance to help taxpayers understand the tax authority's assessment of how secondment arrangements should work.
Multinational companies Apple and Google, which have been accused of tax avoidance by a number of governments, say they want to see the tax laws changed.
The UK government is holding a consultation on how to change two aspects of its partnership tax rules, with the aim of preventing tax loss arising from when employment relationships are disguised through limited liability partnerships (LLPs) and from certain arrangements involving profit and loss allocation among partnership members.
The EU is seeking to extend tax transparency reforms for banks and resources groups to all large public and private companies. The move to install country-by-country reporting (CBCR) disclosure requirements on companies is part of the EU’s crack-down on aggressive tax avoidance and evasion.
Legal & General won PwC’s 2012 Building Public Trust award for the best tax reporting in the FTSE 100. The company’s tax team explains its approach to tax transparency and tax reporting, including why it has published country-by-country analysis of taxes borne and collected.
