Hartley Foster of Olswang examines the revised Code of Practice on Taxation for Banks
There they are our Government chaps hobnobbing at Chequers or Geneva with a pile of corpses and debts on their backs crying 'What must we do to be saved!'1
The importance of banks to tax systems
Virtually all complex commercial transaction structures involve banks either in the role of principal or in an intermediary or management capacity. Thus the approach that banks take to taxation and to tax avoidance in particular can have a significant effect on tax yield and on states' tax systems. On 4 June 2009 the OECD published a report entitled
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Hartley Foster of Olswang examines the revised Code of Practice on Taxation for Banks
There they are our Government chaps hobnobbing at Chequers or Geneva with a pile of corpses and debts on their backs crying 'What must we do to be saved!'1
The importance of banks to tax systems
Virtually all complex commercial transaction structures involve banks either in the role of principal or in an intermediary or management capacity. Thus the approach that banks take to taxation and to tax avoidance in particular can have a significant effect on tax yield and on states' tax systems. On 4 June 2009 the OECD published a report entitled
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
