Suhail Ahmad, MBA

Tech Investor and Advisor.

tax

Scots tax specialist assists in boosting women in VC sector

By SuhailPosted on Posted in FintechTagged , ,

Scottish entrepreneurial tax specialist Kirsty Paton is joining a newly-formed committee aimed at increasing female representation in the UK’s venture capital sector.

Based in the Edinburgh office of Chiene + Tait, Ms Paton is the only Scot and the sole tax adviser on the Enterprise Investment Scheme Association (EISA) Women in Venture Capital working group.

The aim of the London-based committee is to help EISA member firms and the wider UK venture capital industry achieve gender balance at all levels and support the progression of more women into senior roles. The members of the group will meet quarterly, looking at practical actions and initiatives to help firms implement appropriate diversity strategies.

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Austria To Introduce New Angel Investor Tax Breaks

By SuhailPosted on Posted in FintechTagged , ,

The European Commission has approved an Austrian tax incentive for mid-sized business financing companies.

The measure offers tax incentives to private individual investors for investing in early phase companies and innovative small and medium enterprises in their growth phase. Financial intermediaries that participate using Special Purpose Investment Vehicles (SPVs) can benefit from a capital gains exemption, provided that they pay out an equal amount in dividends to the investors.

The Commission said that the measure is in line with EU state aid rules. In particular, the scheme meets the requirements of the Risk Finance Guidelines, as Austria has provided an ex-ante study to identify and explain the specific market failure that the measure addresses.

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British Authorities Seek Data from Crypto Exchanges in Search of Tax Evaders

By SuhailPosted on Posted in FintechTagged , ,

HM Revenue & Customs, the British tax authority, is pressuring cryptocurrency exchanges to reveal customers’ names and transaction histories, in a bid to claw back unpaid taxes, industry sources said. British Authorities Seek Data from Crypto Exchanges in Search of Tax Evaders.

Letters requesting lists of customers and transaction data have landed on the doorsteps of at least three exchanges doing business in the U.K. – Coinbase, eToro and CEX.IO – in the last week or so, the sources said. None of the three firms would comment by press time.

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UK’s Tax Authority Requests User Data From Crypto Exchanges: Report

By SuhailPosted on Posted in FintechTagged , ,


The United Kingdom’s tax, payments and customs authority Her Majesty’s Revenue & Customs (HMRC) has reportedly requested that digital currency exchanges provide it with information about customers’ names and transactions aiming to identify cases of tax evasion.

Crypto exchanges come under fire UK’s Tax Authority Requests User Data From Crypto Exchanges: Report.
According to fintech-focused media outlet Coindesk, industry sources said that the agency has sent letters to at least three crypto exchanges in the U.K., including Coinbase, eToro, and CEX.io, requesting that they provide lists of users and transaction data.

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