Investigators visit UBS Paris HQ

Tax & Business Calculator

French judicial authorities probing bank UBS over allegations it illegally sold products designed to avoid French taxes visited the bank's Paris headquarters on Wednesday, a UBS spokesman said.

EU plans to tighten corporate tax loophole

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The European Union (EU) plans to close a loophole that allows companies to slash their tax bills by setting up offices in softer tax regimes, amid rising anger over the practices of multinationals such as Google, Amazon and Starbucks.

Richard Branson denies being a tax exile

Richard Branson

Sir Richard Branson makes great play of wrapping himself in patriotic trappings to promote his businesses, but Britain's best-known entrepreneur on Sunday revealed he had been living as a tax exile for the last seven years after moving his main residence to a private Caribbean island.