View more on these topics

IMF calls for tax evasion crackdown

The International Monetary Fund has called for a crackdown on cross-border tax evasion and suggested the creation of a World Tax Organisation to co-ordinate efforts.

A report co-authored by director of fiscal affairs Carlo Cottarelli and deputy division chief Andrea Schaechter says action on tax evasion and erosion is needed to make the drastic spending cuts being proposed across the world fair.

The report says: “An equitable adjustment will require a more energetic fight against tax evasion and erosion, both nationally and internationally.

“The recent initiatives undertaken to fight tax havens are an important development in this respect. But more coordination is needed among tax policies in a globalised economy. Maybe it is time to revive the idea of a World Tax Organisation to add-ress these coordination issues.”

Taxbriefs editorial director Danby Bloch says: “The aim will be to curb beggar-my-neighbour competing tax policies and coordinate the hunt for tax evaders.”



40 years of pensions and counting

On Monday 7th September 1970 I entered the life and pensions industry and forty years later I’m still there. I’ve been fortunate in having been continuously employed during that period –with seven different employers – and have been on the receiving end of three company acquisitions. Those early days as an actuarial student seem like […]


Aegon cuts 100 jobs and shuts 6 regional sales centres

Aegon is to cut over 100 jobs and close half of its 12 regional sales centres in a restructure of the business. The provider says it is to cut 142 roles and create 36 new positions leading to a net reduction of 106 jobs. It says the restructure is due to the changing work practices […]

Moneywise first IFA to be fined over platform use

The FSA has issued its first IFA fine related to platform advice after Moneywise IFA was hit with a £19,600 penalty over compliance failings on its use of platforms and discretionary portfolios. Moneywise IFA was referred to the FSA’s enforcement and financial crime division as a result of the regulator’s earlier thematic review of platforms […]

Bonds in 2017: Stick or twist?

Royal London Asset Management Bond Fund Managers Paola Binns and Craig Inches look at why short duration could be a key tactic for fixed income investors during 2017. Read the full article here The value of investments and the income from them is not guaranteed and may go down as well as up and investors […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment