With IRC section 770 1 (1), as added by the Revenue Reconciliation Act of 1993 (RRA '93), Congress bolstered the IRS's ability to prevent what was considered to be unwarranted avoidance of tax
through multiple-party financial engineering.
Not the actual avoidance of tax
, just the reporting of it." Gary, a Tory supporter who lives in David Cameron's constituency of Witney, Oxon, also used his Twitter feed yesterday to reveal that he had just come back from "seven productive weeks in the US" and has been working on a Broadway musical.
The Foreign Account Tax Compliance Act (FATCA) addresses the avoidance of tax
by US persons overseas and places a heavy burden of tax reporting and compliance onto financial institutions.
"Individuals and businesses must pay their fair share." Britain last month announced a campaign against "tax dodgers" and "cowboy advisers" to claw back Au2 billion (2.4 billion euros/$3.2 billion) a year, after lawmakers alleged that multinationals were involved in "immoral" avoidance of tax
He said: "Although the avoidance of tax
is legal clearly it is not socially responsible.
Its intention is that HMRC will be able to challenge arrangements whose main purpose is the avoidance of tax
When was the last time anyone heard of prosecution of tax evaders or the legal avoidance of tax
It is possible to replace any existing share options with EMI options if the new grant is for the purpose of recruiting or retaining staff and provided one of the main purposes is not the avoidance of tax
(58) A "disqualified asset" is any property or right to property transferred to the requesting spouse if the principal purpose was the avoidance of tax
or payment of tax.
The avoidance of tax
on interest on cash using stock lending arrangements or noncommercial terms.
These will be paid for from three main sources: tax payments by oil companies will be accelerated, avoidance of tax
by companies and wealthy individuals will be targeted more robustly, and stamp duty relief on commercial property in disadvantaged areas will be abolished.