A look at the most read stories on eprivateclient this week…
KPMG in the UK appointed Victoria Heard to lead its tax and legal practices. Ms Heard will formally take on the role from 1 October. Ms Heard joined KPMG as a graduate in the firm’s Manchester office in 2001. She became a tax partner in 2014, and has been head of the firm’s financial services tax and legal practice in the UK since 2017.
A partner at London tax advisory firm Blick Rothenberg called on the UK to completely reform a tax system “not fit for purpose”. According to Robert Pullen, the fall-out from the COVID-19 pandemic presents a “once in generation opportunity” for UK Chancellor Rishi Sunak to introduce widespread reform and simplification to the UK’s “out-of-date” tax system.
HMRC investigations of footballers have almost trebled from 87 to 246 in the last year as the taxman targets ‘image rights’ deals that it believes are being used to avoid tax, new research from accountancy firm UHY Hacker Young has shown. The number of players under investigation is now almost equivalent to ten 25-man Premier League squads.
Rainer Zitelmann explained why he believes the wealthy are increasingly under attack during the corona crisis.
A Moore Kingston Smith tax partner questioned whether Captial Gains Tax...