Swiss voters have largely accepted a reform of corporate tax rules that will scrap preferential treatment for multinational firms. Sunday’s result also means a financial boost for the country’s ailing pension system. Two years after voters rejected a similar idea to reform corporate tax, the issue – this time linked controversially to pensions – received a clear thumbs-up....Read More

The UK government is consulting on new proposals to increase the amount of personal information that companies are required to disclose to Companies House, and to allow it to be cross-checked against other registers. Companies House already maintains a public register of beneficial ownership, as well as basic information about companies and their officers. The...Read More

Bare trust can exist without a trust deed, says UK tribunal A taxpayer can be regarded as holding money in a bare trust for a relative, even if no trust deed or other formal trust documentation can be produced, the First-tier Tax Tribunal has decided. The individual concerned was an NHS midwife called Lily Tang,...Read More

Supreme Court Hears Case on When States Can Tax Trust Beneficiaries   WASHINGTON—North Carolina’s solicitor general told the Supreme Court that his state is entitled to tax residents who are beneficiaries of trusts created outside the state, even if they haven’t received payments from the trust. How the Supreme Court rules in the case, known...Read More

UK: Registration requirements for non-resident property investors HMRC has published guidance clarifying the registration requirements to be imposed on non-UK resident corporate investors making a direct or indirect disposal of UK commercial property. As of this week, most such investors must pay UK corporation tax on capital gains from direct or indirect sales of UK...Read More