HMRC recovers 70m in tax crackdown on footballers and agents
HMRC recovered nearly £70 million in unpaid taxes from football entities through a crackdown on tax avoidance schemes.
Investigations target the misuse of dual-representation contracts and player image rights in football.
Trump and Harris want to end taxes on workers' tips. Here's why that wouldn't work
Congress has not implemented the elimination of federal taxes on workers' tips due to complexities and potential loopholes leading to tax avoidance by higher-income individuals.
Despite Historic Levels of Inequality, Yellen Opposes Global Billionaires Tax
The U.S. Treasury Secretary opposes a global tax on billionaires at the G7 meeting to set a minimum international rate for the ultra-wealthy.
CRA pausing new 'bare trust' reporting requirement just days before filing deadline | CBC News
CRA paused new bare trust reporting requirement days before deadline
Unintended impact on Canadians led to the pause of new reporting requirements for bare trusts.
Can the UK's 40bn 'Tax Gap' Be Bridged by the Next Government?
Both major UK parties aim to reduce the tax gap through combating tax avoidance, though experts doubt the feasibility of raising up to £6 billion solely from this measure.
CRA pausing new 'bare trust' reporting requirement just days before filing deadline | CBC News
CRA paused new bare trust reporting requirement days before deadline
Unintended impact on Canadians led to the pause of new reporting requirements for bare trusts.
Can the UK's 40bn 'Tax Gap' Be Bridged by the Next Government?
Both major UK parties aim to reduce the tax gap through combating tax avoidance, though experts doubt the feasibility of raising up to £6 billion solely from this measure.
Rishi Sunak, UK's British-Indian Prime Minister, faced controversies around tax avoidance, Partygate scandal, and challenging pandemic decisions.
How the US is stalling hard-fought global tax reform DW 07/02/2024
Implementing a global minimum tax rate for multinational corporations to prevent tax avoidance.
Pakistan: Parliament passes tax-heavy budget to appease IMF DW 06/28/2024
Pakistan's parliament approved a tax-heavy budget aiming for a 40% increase in tax revenues, seeking IMF loans to avoid default amidst widespread tax avoidance and economic challenges.
The IRS Wants to End Another Major Tax Loophole for the Wealthy
End of tax loophole for wealthy taxpayers potentially raising $50 billion in revenue, halting partnership basis shifting to prevent tax avoidance.