Category " Lewis Nedas & Co."

  Pharmaceutical GlaxoSmithKline (GSK) has denounced the portrayal of the company's tax affairs in the BBC's Panorama program as "extremely misleading and lacking in context". The program, broadcast on May 14, 2012, investigated the company's use of corporate structures in Luxembourg created by PWC Accountants to reduce its exposure to corporate tax in the United Kingdom. In a statement...

As you may have read, in recent newspapers or in our own articles here, George Osborne has now become aware of the methods of Tax Avoidance and their results. Despite Tax Avoidance being legal practice the Chancellor is looking to instate laws that will inhibit these avenues that are available to tax payers or staunch them entirely. There is a difference between Tax Avoidance and Tax Evasion, which...

With the economy tanking and tax revenue drying up HMRC has once again set its sights on its old punching bag, overseas account holders. With the creation of the new Offshore Co-Ordination Unit (OCU), Exchequer Secretary to the Treasury David Gauke has grandiloquently announced that “the days when untaxed income or capital could be safely salted away offshore, beyond the reaches of the taxman,...