Joseph Hage Aaronson LLP contributes to the The Legal 500: Tax Country Comparative Guide
JHA's contentious tax team has contributed to the recently published fourth edition of The Legal 500: Tax Country Comparative Guide. This go-to guide provides readers with a pragmatic overview of the Tax laws and regulations across a variety of jurisdictions worldwide. Each chapter covers a different jurisdiction and contains information on withholding tax, transfer pricing, the OECD model, GAAR, tax disputes and an overview of the jurisdictional regulatory authorities. The template for each chapter was provided by JHA's Michael Anderson and Simon Whitehead, who also wrote the UK chapter for the guide. In the past two weeks, JHA's contentious tax team has once again achieved top tier rankings in both The Legal 500 UK and Chambers and Partners UK 2020 guides. JHA remains the only law firm to have achieved such rankings in both guides every year since its inception. Being chosen as a key contributor to this guide, combined with our directory rankings, demonstrates the marketing leading position of JHA's tax team. This has been achieved through the firm's unique combination of expert solicitors, barristers and forensic accountants, as well as its close working relationships with its clients. This approach enables our continued success in dealing with complex, high value and often ground-breaking tax disputes. Read JHA's chapter in the guide here and view the whole guide here.
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Our Insights
The End is Nigh for the Non-Dom Regime
Published in ThoughtLeaders4 Private Client Magazine, Helen McGhee expert analysis of the current state of non-dom tax regime and it's future.
Increased Investment in Personal Tax Compliance in the UK (Published in Thought Leaders 4 Private Client)
Advances in technology and increased international fiscal co-operation have made global personal tax compliance initiatives pop up in abundance in recent years. To compound the issue, the Russian invasion of Ukraine and the corresponding economic fallout prompted domestic governments to increase transparency in relation to investments held by wealthy foreign individuals (with a focus on oligarchs).
In the UK, in the context of the cost-of-living crisis, public opinion certainly seems to be in favour of increased accountability for high-net-worth individuals (eg, on 9 October 2022, 63% of Britons surveyed thought that “the rich are not paying enough and their taxes should be increased”).1
HMRC is one of the most sophisticated tax collection authorities in the world and the department is making significant investments in technology in the field of compliance work; they are well placed to take advantage of new international efforts to increase tax compliance, particularly considering the already extensive network of 130 bilateral tax treaties in the UK (the largest in the world).2 The UK was also a founding member of the OECD’s Joint International Taskforce on Shared Intelligence and Collaboration (JITSIC) forum.
This article discusses the main developments in support of the increased focus on international transparency and personal tax compliance in the UK. There are other international fiscal initiatives, particularly in the field of corporate taxation, but such initiatives are beyond the scope of this article.
It should be noted that a somewhat piecemeal approach, with constant tinkering makes compliance difficult for the taxpayer and is often criticised for lacking the certainty that a stable tax system needs to thrive.
This article was first published with ThoughtLeaders4 Private Client Magazine
