News Archive - July 2010

UK Tax System to be Simplified

20/07/2010

UK Chancellor George Osborne is setting up an Office for Tax Simplification as he said Britain has “one of the most complex and opaque tax codes in the world”. By streamlining the 11’000 page tax code the government aims to stimulate economic growth. Initially two reviews will be conducted by the new body. The first will examine reliefs...
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Raids on Swiss bank Credit Suisse offices in Germany

15/07/2010

After Italian raids in October 2009 on branches of Swiss banks, the German authorities yesterday launched a huge operation against German branches of the Credit Suisse. Over 150 investigators took part in coordinated raids on 13 branches of the second largest Swiss bank in connection with an inquiry into tax fraud. In a controversial move in February...
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