360° Coverage : VAT loophole on digital sales 'costs UK more than Olympics'

10 Updates

VAT loophole on digital sales 'costs UK more than Olympics'

Source: Guardian Unlimited, Dec 3 2012, 3:53pm CST

Britain could have financed the Olympic Games out of the VAT it is losing on the sales of digital services, new research shows, heaping more pressure on George Osborne to close tax loopholes enjoyed by multinational companies in Wednesday's autumn ...

Continue reading on: Guardian Unlimited

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3 hours ago

Cameron’s tax tightrope

Source: Spectator Magazine | May 21 2013, 3:25am CDT

David Cameron didn’t spend yesterday wringing his hands in Downing Street about the progress of his gay marriage bill: he was meeting his business advisory group. He allowed Google CEO Eric Schmidt to sneak ou ...

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3 hours ago

British PM tries to break deadlock on tax havens

Source: EUobserver.com | May 21 2013, 2:36am CDT

BRUSSELS - EU leaders will make another bid to agree rules on tax evasion after UK Prime Minister David Cameron called on 10 British tax havens to "get their house in order" on secret bank accounts. In a letter released Monday (20 May) to the leaders ...

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Update

24 weeks ago

Quote:
"What they may not be figuring in is sales of computer games and apps over the internet from outside of the EU. Many non-EU traders simply ignore EU VAT since it is close to impossible to track down."

Source: Guardian Unlimited

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4 hours ago

Apple said to have avoided billions in tax

Source: Minneapolis Star Tribune | May 21 2013, 1:36am CDT

WASHINGTON – Even as Apple became the nation’s most profitable technology company, it avoided billions in taxes in the United States and around the world through a web of subsidiaries so complex it spanned continents and surprise ...

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5 hours ago

Business news and markets: live

Source: The Telegraph | May 21 2013, 1:15am CDT

Another management change is the appointment of Eddie Aston as the new chief operating officer who will join July 8. John Connolly, chairman of G4S, said in this morning's statement: Nick Buckles made a massive contribution to the group ...

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We’re not just fighting big business about tax: we’re fighting for democracy and our way of life

Source: Tax Research | May 21 2013, 1:14am CDT

The bosses of some of Britain’s largest multinational corporations have urged David Cameron to stop moralising and rein in his rhetoric on tax avoidance ahead of a G8 summit next month. Chief executives of ...

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11 hours ago

Business bemoans lack of understanding as row about UK corporate tax intensifies

Source: Irish Times | May 20 2013, 7:21pm CDT

Last weekend Michael Devereux mused about the identity of the next company that would face public opprobrium over the size of its corporate tax payments and the rules it uses to reduce them. Devereux, who heads the Centre for Business Ta ...

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11 hours ago

Google faces new pressure over tax claims

Source: Guardian Unlimited | May 20 2013, 6:41pm CDT

HM Revenue and Customs is investigating fresh lines of inquiry into Google's tax affairs after interviewing a former executive at the company who gave anonymous evidence to parliament, the Guardian can disclose. Barney Jones, 3 ...

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12 hours ago

EU parliament to debate tax evasion

Source: BBC News | May 20 2013, 6:30pm CDT

20 May 2013 Last updated at 19:30 ET Liechtenstein is one of five countries negotiating with the EU on information exchange The European Parliament is due to meet to debate ways to tackle tax evasion, ahead of a ...

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12 hours ago

EU share dealing tax ‘will wreck pensions’

Source: Daily Express | May 20 2013, 6:20pm CDT

Chancellor George Osborne has instigated legal action to block the tax The EU-wide levy on trades in shares, bonds and derivatives will hit savings hard and have disastrous consequences for the Continent’s st ...

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360° Coverage : VAT loophole on digital sales 'costs UK more than Olympics'

VAT loophole on digital sales 'costs UK more than Olympics'

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Quote: "What they may not be figuring in is sales of computer games and apps over the internet from outside of the EU. Many non-EU traders simply ignore EU VAT since it is close to impossible to track down."

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"What they may not be figuring in is sales of computer games and apps over the internet from outside of the EU. Many non-EU traders simply ignore EU VAT since it is close to impossible to track down."