Tuesday, 7 October 2014

Switzerland prepares for vote on lump-sum taxation

STEP: The Swiss Federal Council has summarily rejected campaigners' demands to abolish the regime of forfait (lump-sum) tax concession for wealthy foreign residents. 

Full story: http://www.step.org/switzerland-prepares-vote-lump-sum-taxation

MHA MacIntyre Hudson Becomes UK Member Firm of Baker Tilly International

Baker Tilly: The Board of Baker Tilly International today announced that UK firm MHA MacIntyre Hudson will join its network, effective from 7 October 2014.

Full story: http://www.bakertillyinternational.com/web/news/2014/october/mha-macintyre-hudson-becomes-uk-member-firm-of-baker-tilly-international.aspx

Nick Clegg: Lib Dems would raise capital gains tax for the wealthiest

The Guardian: Deputy PM says rise in CGT for higher earners would pay for increase in personal allowance to £11,000.

Full story: http://www.theguardian.com/politics/2014/oct/07/nick-clegg-lib-dems-capital-gains-tax?

Monday, 6 October 2014

HMRC uses psychologists to up tax take

ICAEW: The Revenue is using psychologists and "behavioural economists" to make people feel guilty about not paying their tax.

Full story: http://economia.icaew.com/news/october-2014/hmrc-uses-psychologists-to-up-tax-take

KPMG ‘will not compete with big law practices’

Law Society Gazette: Accountancy giant KPMG has said it does not intend to compete with law firms despite gaining the right to provide reserved legal services.

Full story: http://www.lawgazette.co.uk/news/kpmg-will-not-compete-with-big-law-practices/5043837.article?

Additional UK tax take from well-paid foreign City workers jumps 27% in one year

Pinsent Masons: The amount of additional tax collected by a specialist HM Revenue and Customs (HMRC) team targeting wealthy foreigners living in the UK increased by 27% to reach a new record last year, according to figures obtained by Pinsent Masons, the law firm behind Out-Law.com.

Full story: http://www.out-law.com/en/articles/2014/october/additional-uk-tax-take-from-well-paid-foreign-city-workers-jumps-27-in-one-year/?