In May 2016, we published an alert about UK proposals to introduce new strict liability corporate criminal offences aimed at preventing the facilitation of tax evasion. Andy Howard, Tax partner in the Ropes & Gray London office, also recently recorded a short video on the topic for our Trending Legal Topics series. The UK has
On April 26, 2017, the Trump Administration announced several high-level goals and proposals for individual and corporate tax reform, the details of which the White House expects to develop through discussions with Congress and taxpayers. Read more about the proposals in the Ropes & Gray client alert here.
Despite much political rhetoric around the outright repeal of the ACA, some sections are sticking around.
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The UK’s new corporate offence of failure to prevent facilitation may target a limited array of businesses aimed at providing financial services to individuals, but it applies to all businesses. Learn more about the elements of the offense, its wide territorial scope, and what companies are doing to respond here.