Dear all,

It’s been a few months since the site was last updated – though the facebook page has been very busy with activity!

For those interested in catching up on the main stories of 2016 so far, read on… Continue reading →

It’s been a while since the last Taxwatch event, and so we are pleased to invite you to our next meeting on Wed 18 May at 2.00pm at 11 Hilary Road, Douglas.

Our guest will be Ms Nicola Guffogg, Assessor of Taxes. As such, Nicola is the top civil servant responsible for tax policy and revenue collection here. We’ve asked her to address issues of both offshore and domestic avoidance. She’ll be accompanied by her colleague Paul Martin. Do hope you can make it!

In the news recently: Continue reading →

Paul Craine

There is clearly an enormous amount of information in the ‘Panama Papers’ that may take weeks to be published. The three tables below make interesting reading Continue reading →

Facebook has announced it will book major UK sales in the UK, rather than Ireland – and thus pay much more UK corporation tax (than the £4,327.00 it paid in 2014!)

This looks like the first major scalp (we can hardly count Google) of Osborne’s new Profits Diversion Tax, which as a deterrent seems to be forcing a re-think from corporates.   As the BBC asks, is the tax tide beginning to turn?

http://www.bbc.co.uk/news/business-35724308

In the weekly New Economics Foundation podcast, Richard Murphy talks about the Google/HMRC deal and his suggestions for reform:

On 16.2.16, the Treasury Minister has made an interesting announcement in his budget saying he intends to crack down on domestic tax avoidance. Continue reading →

Hi all,

HeraldScotland.com published this article on Sunday 14 February 2016 about the use of the Scottish Limited Partnership (SLP) by eastern European investors as a vehicle for tax avoidance, causing the UK to be included on a tentative black list drawn up by the Kremlin’s Finance Ministry, Continue reading →

Vikram Mansharamani, an author and  lecturer in Ethics, Politics and Economics at Yale University, posted an interesting article on Linkedin (10 February 2016) entitled “America Is Enabling Tax Evasion“. Continue reading →

Jerome Cahuzac, the former French government’s budget minister and cabinet member, had a portfolio of responsibilities which included fighting tax evasion.

Now he is co-defendant with his ex-wife Patricia Menard in a case which sees her accused of hiding money in a secret Isle of Man account Continue reading →

Hi folks – just a brief update on one or two items if interested…

• Dennis points out:  “On a similar theme to ‘The Town that took on the Taxman’ – there is a programme on Channel 4 on Monday 08/02/2016 @ 20:00 to 20:30 called ‘How the Rich Avoid Tax’, which some of our fellow Taxwatchers may be interested in.  I will be particularly looking out to see what they say about wealthy television people being paid through their production companies!!”

Continue reading →