The Office for Budget Responsibility (OBR) has sounded a warning about the long term impact of the government’s raft of changes to the tax treatment of private pensions and savings, warning that while these  seem set to provide a short-term gain for the UK economy until 2020-21, after that they could represent a net cost

Applications for HMRC’s graduate programme for tax professionals open today, with a month-long opportunity for students to apply for positions starting on 7 September 2017

In this week’s moves and appointments roundup, director promotions at Mercer & Hole, RSM appoints a tax partner, Wilson Wright appoints an IT manager to ensure the firm is ready for Making Tax Digital

The European Council has adopted a series of resolutions on tax transparency, and calls for more effective and efficient cooperation between tax authorities, particularly with regard to beneficial ownership information

Following on from the Budget announcement earlier this week, the Irish Revenue has launched a consultation on PAYE modernisation as part of what it is calling ‘the most significant reform of the administration of the PAYE system in over 50 years’

The European Securities and Markets Authority (ESMA) and the IFRS Foundation, which oversees the work of the International Accounting Standards Board (IASB), have announced an updated set of protocols covering cooperation between the two organisations on the development of IFRS standards and their consistent application across the EU

The US Treasury has watered down regulations designed to address corporate tax inversions, adopting a narrower approach after businesses launch a strong protest against its original plans, but says this will still limit the ability of companies to lower their tax bills through transactions involving debt that do not support new investment in the US