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Sam Edwards

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About Sam
Sam Edwards has worked as a correspondent for Reuters and Bloomberg Industry and written for The Guardian Long Read, Politico.eu, and The Nation, among others. His work has been supported by the European Centre of Journalism and the Pulitzer Center.
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Business Politics Investigative Reporting
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Portfolio

UK Considers Changes to Transfer Pricing Rules, Advance Pacts

30 Oct 2024  |  news.bloomberglaw.com
The UK is contemplating revisions to its transfer pricing rules and advance pricing agreement system, as announced in the 2024 Autumn Budget. The Treasury plans to consult on requiring multinationals to report certain cross-border transactions to HMRC, with a consultation set for Spring 2025. These changes aim to enhance transparency and compliance in intercompany transactions.

Chile Seeks Feedback on Tax Amnesty, Luxury Assets Reporting

28 Oct 2024  |  news.bloomberglaw.com
Chile's tax authority is inviting public feedback on a proposed tax amnesty for undeclared offshore assets and changes to the tax on luxury assets. These proposals are part of the recently enacted law on tax compliance, which was published in the official gazette last week.

Chile Seeks Feedback on Tax Amnesty, Luxury Assets Reporting

28 Oct 2024  |  news.bloombergtax.com
Chile's tax authority is inviting public feedback on a proposed tax amnesty for undeclared offshore assets and changes to the tax on luxury assets. These proposals are part of the recently enacted law on tax compliance, which was published in the official gazette last week.

Chile Tax Bill Would Aid Compliance But Hike Costs

16 Aug 2024  |  news.bloombergtax.com
Chile's proposed reform of transfer pricing laws aims to enhance tax compliance and reduce tax avoidance, potentially increasing revenue by 1.5% of GDP to support social spending. While the reform promises greater clarity and proactive adjustments, it may also result in higher compliance costs, increased administrative work, and a heightened risk of correction notices for companies. The Senate Finance Committee is currently considering these changes as part of the government's broader fiscal strategy.

Israel to Adopt Domestic Corporate Minimum Tax Rule in 2026

30 Jul 2024  |  news.bloomberglaw.com
Israel will implement a domestic minimum tax regime for multinational companies with a turnover of 750 million euros or more starting in 2026. This measure aims to ensure that these companies pay taxes on income generated locally, rather than in other jurisdictions, as announced by the Finance Ministry.

Chile Committee Passes Tax Compliance Bill, Awaits Chamber Vote

25 Jul 2024  |  news.bloombergtax.com
Chile's Senate Finance Committee has unanimously approved a bill designed to enhance tax compliance, enable anonymous whistleblowing, and allow the lifting of banking secrecy. The bill aims to generate additional revenue equivalent to 1.5% of the country's GDP to support social spending. It will now proceed to a vote in the Senate chamber.

Brazil Investigating $188 Million Tax Credit Fraud Scheme

18 Jun 2024  |  news.bloombergtax.com
The Brazilian government is investigating a tax credit fraud scheme valued at over 1 billion reales ($188 million), allegedly orchestrated by a fraudulent consultancy. The operation involved police raids on seven properties across Brazil, with the Finance Ministry's cooperation, to gather evidence of fraud, document falsification, and money laundering. The Finance Ministry likened the consultancy's operations to piracy, highlighting the widespread impact across various regions.

Chile Looks to Update Tax Policy to Help Reach Climate Goals

18 Jun 2024  |  news.bloombergtax.com
Chile is seeking public input on a draft bill to update its financial strategy, including tax policies, to align with Net Zero climate goals. The Finance Ministry has opened a consultation to gather opinions on the proposed legislative changes aimed at addressing the climate crisis.

How Europe’s Conspiracy Influencers Went From Covid-19 to the Climate

08 Jun 2024  |  Yahoo Entertainment
Conspiracy influencers in Europe, initially focused on Covid-19, have shifted their attention to climate change, spreading misinformation and influencing political discourse. Figures like Gareth Wyn Jones and James Melville have gained significant online followings, promoting anti-net zero narratives and conspiracy theories. This trend has impacted political parties, with far-right groups gaining traction in elections and traditional parties like the UK's Conservatives facing criticism for climate policy U-turns. The spread of climate-related conspiracy theories has polarized public opinion, complicating efforts to address climate change effectively.

UK Court Limits Definition of Chargeable Gains

25 Mar 2024  |  news.bloombergtax.com
The Upper Tribunal ruled that the UK tax office cannot claim an income tax charge for gains from two UK residents' restructured liability, stating that settling a UK debt does not fall within services subject to tax under the remittance basis of the non-domiciled resident regime. This regime allows UK resident individuals with a permanent home outside of the UK to have their foreign income and gains exempt from UK taxation if not brought into the UK.
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