This year marks 50 years of VAT in the United Kingdom. Although the VAT implementation date (April 1, 1973) coincided with All Fools’ Day, the Chancellor of the Exchequer at the time, Sir Anthony Barber, was rather serious when he made a bold statement that “VAT will be a simple tax on the supply of
Taxes
Grace Perez-Navarro discusses her long career at the OECD Centre for Tax Policy and Administration and what’s next after her retirement. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of Tax Notes Today International. This week: graceful exit. Grace Perez-Navarro has
A handful of extremely wealthy US taxpayers holds trillions of dollars in foreign accounts, much of it in tax havens and through partnerships, according to a new study based on data reported to the IRS by foreign financial institutions. Since 2015, the Foreign Account Tax Compliance Act (FATCA) has required foreign banks, investment funds, and
A day may come when the fallout from the tax shelter scandal at the turn of millennium is no more. But it is not this day. On this day we share the story of Robert “Bobby” Kotick, CEO of Activision Blizzard ATVI , and Seaview Trading LLC. Mr. Kotick is a controversial figure for several
Few things herald the coming of spring in the United States like the blooming of the cherry blossom trees around the Tidal Basin in Washington, D.C. Although the National Park Service has deemed March 23, 2023, as “peak bloom” for the blossoms, March 27 is a bit more significant: It was on this day in