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27 March 2015 / Peter Vaines
Issue: 7646 / Categories: Features , Tax , Commercial
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Taxing matters

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Peter Vaines …& George Osborne get serious about tax evasion

Watching Mr Osborne’s Budget speech last week was an uplifting experience. Britain was walking tall, the envy of the world, had more employment than any country ever in the history of the world…and so on. Some good jokes too. Mr Milliband was keen to put the record straight. In fact, the situation is utterly bleak and we are on the edge of complete catastrophe—unless of course we vote for him. The truth? Goodness knows. No doubt somewhere in between but I have to say that Mr Osborne’s figures did sound rather persuasive. It is a pity that it was so lacking in substance—but with an election only a few weeks away, I suppose that is no surprise.

Most of the measures announced by Mr Osborne were either a repetition of things which he has announced before, or measures which are either deferred or merely under consideration; there was comparatively little relating to the coming year.

The Diverted Profits Tax looks important and we should

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MOVERS & SHAKERS

Signature Litigation—Catherine Naylor

Signature Litigation—Catherine Naylor

International fraud and asset recovery offering boosted by partner hire

Stevens & Bolton—Alexa Payet

Stevens & Bolton—Alexa Payet

Private wealth disputes team adds contentious probate specialist

Morgan Lewis—Paul Feldberg

Morgan Lewis—Paul Feldberg

Firm strengthens investigations and sanctions capabilities with London partner hire

NEWS
Cheshire West, which established an ‘acid test’ for deprivation of liberty safeguards, has been overturned by the Supreme Court
The Chancery Division and other segments of the High Court are to be replaced by a new Business and Property Division (BPD), in a major civil justice shakeup
Law firms that hold client money will need to file annual accountants’ reports and make a declaration, the Solicitors Regulation Authority (SRA) confirmed this week
Two district judges and a tribunal judge have been sanctioned for delays in delivering judgments and orders
Private equity (PE) investment into UK law firms halved to £250m last year, but deal volume rose, according to research by Acquira Professional Services’ Momentum private equity market tracker
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