While the Criminal Finances Act (CFA) makes no changes to the definition of tax evasion and avoidance, it does place a new burden on corporates, through the failure to prevent the facilitation of tax evasion offence. This will oblige companies to pay much closer attention to their tax and payment structures to ensure that they can effectively mitigate the risk of any facilitation of tax evasion either directly or via third parties such as tax advisers.
In the Winter edition of In-House Lawyer, Gareth Thomas looks at the Act in detail and what the reasonable provision means for companies.
Posted December 2017
Under the leadership of President Xi Jinping, corruption has become a hot political topic in China. As party leader he has made rousing speeches, vowing to tackle the problem of corrupt officials at both a high and low level. Prior…
Michael Skapinker examines the importance of a properly embedded ethics code Financial Times – 7 December 2011