The Board of Directors of the UAE Federal Tax Authority has approved various procedures relating to the forthcoming introduction of excise and value-added taxes in the UAE. It is anticipated that the two regimes will be in place by November 2017 and January 2018, respectively. According to local media, the Board also agreed to the […]
BNP Paribas Bank to pay £35m in tax avoidance
BNP Paribas Bank in France lost a case where it has to pay back £35m tax in the UK. HMRC claimed the bank tried to use a tax avoidance scheme involving share dividends using a scheme known as “dividend stripping”. BNP Paribas paid the full amount of tax before the tribunal was heard which dealt with a […]