European countries set out agreed approach to new US tax evasion information sharing laws

Banks The US has agreed that banks in the UK and four other European countries will be able to pass on information needed under its controversial new cross-border tax evasion laws through their own governments rather than directly, the Treasury has confirmed. 10 Feb 2012

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Europe proposes financial transaction tax between banks

A new tax which could be imposed on financial transactions between European banks from 2014 would ensure that the financial sector makes a "fair contribution" towards covering the cost of Government bailouts, the European Commission has said. 29 Sep 2011

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Out-Law Guides

Government proposes legislation to beat avoidance scheme

New legislation published and taking effect from last Thursday will stop the use of manufactured overseas dividends (MODs) in a tax avoidance scheme, the Government has said. 19 Sep 2011

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Mirrlees Review recommends "radical" tax reform

Stamp duty on property transactions is "inefficient and damaging" and should be abolished, while VAT should be levied on financial services business and income tax merged with national insurance, an independent report on taxation in the UK has claimed. 14 Sep 2011

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