• Fri
  • Aug 22, 2014
  • Updated: 4:22am

Tax Avoidance

EU trying to close 'letter-box subsidiary' tax loophole

The European Commission will attempt to close a loophole that allows companies to cut their tax bill, a top official said on Monday, but the EU executive will first need to persuade member countries to back the change.

Tuesday, 26 November, 2013, 9:20am

Lawmaker accuses Google of dodging taxes

An influential committee of British lawmakers accused search company Google of dodging its taxes on Thursday in a scathing report that said the US Internet company took on highly contrived arrangements serving no purpose other than to avoid paying its fair share.

14 Jun 2013 - 11:30am 1 comment

Ernst & Young to pay US$123m fine for tax avoidance

Ernst & Young has agreed to pay US$123 million in a settlement with criminal prosecutors in the US, admitting that some of its most senior tax partners had been involved in developing, marketing and defending tax schemes between 1999 and 2004 to dodge taxes worth US$2 billion faced by about 200 wealthy individuals.

5 Mar 2013 - 3:02am

Gerard Depardieu meets Vladimir Putin after receiving Russian passport

Hollywood actor Gerard Depardieu, who has threatened to quit France to avoid higher taxes, received a Russian passport yesterday and an offer of residence in a central Russia region known for Stalin-era Gulag labour camps.

7 Jan 2013 - 4:41am

Revealed: The worldwide network of sham directors

The existence of a global network of sham company directors, most of them British, was revealed yesterday by an investigation into an obscure practice that helps keep secret countless financial transactions.

27 Nov 2012 - 2:19pm

Starbucks roasted by British lawmakers over tax stance

British lawmakers grilled global coffee giant Starbucks over its tax policies on Monday, arguing that claims that its British division was unprofitable “just doesn’t ring true”.

13 Nov 2012 - 5:33am

British tax authorities investigate list of HSBC accounts in Jersey

British tax authorities are investigating a list of more than 4,000 British residents who have bank accounts with HSBC Holdings, the country's biggest lender, in the offshore tax haven of Jersey.

10 Nov 2012 - 5:26am

The Week Explained: Tax Avoidance

Those of us who assumed that there was something dubious about the world's most famous purveyor of milky hot drinks (it calls itself a coffee specialist) have discovered that there is also something dubious about Starbucks' tax arrangements.

29 Oct 2012 - 2:22am

Appointments

Bernard Poon President - Greater China CPA Australia

Poon is a managing director and the transaction advisory services leader for Hong Kong and Macau at Ernst & Young Transactions. He has nearly 20 years of experience working in the sector. In his new role, Poon will lead the division's members to succeed in their professional career and serve the community.

21 Jan 2012 - 12:00am

We must not tolerate these rich tax cheats

Renewed diplomatic spats over Switzerland's banking secrecy are a clear sign that the days of the alpine nation's highly lucrative, if shadowy, practice are numbered. Swiss officials and bankers should accept reality and overhaul the system.

15 Mar 2010 - 12:00am

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