close

Practice

Business

Technology

Regulation

Resources

Rankings

Accountancy Age – Content Calendar

    Information

    US launches new Stop Tax Haven Abuse Act

    US launches new Stop Tax Haven Abuse Act

    Senator Carl Levin proposes new act claiming tax havens are engaged in 'economic warfare' with US

    Author Date published March 4, 2009 Categories

    Anti-tax haven senator Carl Levin has launched a new and strengthened Stop
    Tax Haven Abuse Act and speculation has already begun that, with Obama as
    president, this time the proposals will find their way into law.

    Levin is reported as saying that tax havens are engaged in ‘economic warfare’
    against the US and they undermine the integrity of the US tax system, according
    to
    tax-news.com.

    Levin’s previous effort in this area, launched in 2007, failed under a
    Republican president. Obama was on record supporting the previous act.

    Measures in the new act would include giving the Treasury the power to take
    ‘special measures’ against overseas jurisdictions and stiffen the penalties for
    ‘tax haven promoters’.

    Further reading:

    France
    and Germany reignite tax haven debate

    Lib
    Dems call for tax haven probe

    Tax-news.com
    story

    Share

    Get the latest analysis and reports delivered to your inbox daily

    Resources & Whitepapers

    Resources & Whitepapers

    The importance of UX in accounts payable: Often overlooked, always essential
    AP

    The importance of UX in accounts payable: Often overlooked, always essentia...

    2y Kloo

    The importance of UX in accounts payable: Often ov...

    Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

    View article
    The power of customisation in accounting systems
    Accounting Software

    The power of customisation in accounting systems

    2y Kloo

    The power of customisation in accounting systems

    Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

    View article
    Turn Accounts Payable into a value-engine
    Accounting Firms

    Turn Accounts Payable into a value-engine

    5y Accountancy Age

    Turn Accounts Payable into a value-engine

    In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

    View resource
    8 Key metrics to measure to optimise accounts payable efficiency
    AP

    8 Key metrics to measure to optimise accounts payable efficiency

    2y Kloo

    8 Key metrics to measure to optimise accounts paya...

    Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

    View article

    Related Articles

    Price Bailey’s Martin Clapson on navigating the "independent path" amid a private equity gold rush
    Corporate Governance

    Price Bailey’s Martin Clapson on navigating the "independent path" amid a p...

    1m nikita alexander

    Price Bailey’s Martin Clapson on navigating the "i...

    As private equity investment reshapes the UK mid-tier, Price Bailey is doubling down on its partnership roots. Managing Director Martin Clapson reveal...

    View article
    Internal audit flagged it. The board ignored it. The FCA fined it.
    Audit

    Internal audit flagged it. The board ignored it. The FCA fined it.

    3m nikita alexander

    Internal audit flagged it. The board ignored it. T...

    A new report from the Chartered IIA reveals that UK financial firms have faced £1.02bn in fines for internal control failures since 2021. With the new...

    View article
    Audit reform takes another rain check
    Audit

    Audit reform takes another rain check

    6m nikita alexander

    Audit reform takes another rain check

    The "Ghost of Reforms Past" returns as the Government shelves the Audit Reform Bill in a shock pivot toward "economic growth." With the birth of ARGA ...

    View article
    Disclosure requirements for supplier finance arrangements: Implications for financial reporting
    Accounting Standards

    Disclosure requirements for supplier finance arrangements: Implications for...

    9m Timothy Rose, Head of Sales UK at cflox

    Disclosure requirements for supplier finance arran...

    Supplier Finance Arrangements (SFA), including reverse factoring and similar structures, have become an integral part of modern working capital manage...

    View article
    The case for B Corp Certification in finance: A better way forward
    Corporate Governance

    The case for B Corp Certification in finance: A better way forward

    10m  Sean O’Farrell, Managing Director, Choice Commercial Finance

    The case for B Corp Certification in finance: A be...

    As political trust fractures and global challenges mount, the finance sector faces a critical choice: maintain business as usual or become a genuine f...

    View article
    Upcoming changes to UK company law: what accountants need to know
    Business Regulation

    Upcoming changes to UK company law: what accountants need to know

    10m Companies House

    Upcoming changes to UK company law: what accountan...

    Companies House is phasing in new measures under the Economic Crime and Corporate Transparency Act to tackle fraud, strengthen transparency and suppor...

    View article
    Forvis Mazars integrates EcoOnline platform for audit-ready ESG data
    Accounting Firms

    Forvis Mazars integrates EcoOnline platform for audit-ready ESG data

    10m Accountancy Age

    Forvis Mazars integrates EcoOnline platform for au...

    Forvis Mazars has partnered with global software provider EcoOnline to improve ESG reporting and assurance for clients in Singapore, supporting compli...

    View article
    Keeping the UK competitive in global Life Sciences
    Business

    Keeping the UK competitive in global Life Sciences

    10m By Nigel Layton, Global Head of Pharma & Life Sciences at Forvis Mazars

    Keeping the UK competitive in global Life Sciences

    The UK life sciences sector is at a crossroads. Despite world-class research, talent, and government support, disputes over NHS pricing and growing US...

    View article